DGAP-Adhoc: KION GROUP AG resolves to buy back own shares

KION GROUP AG / Key word(s): Share Buyback

26.08.2013 14:46

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Wiesbaden, 26 August 2013 - The management board of KION GROUP AG,
Wiesbaden (ISIN DE000KGX8881) resolved today to make use of the
authorization given by the general meeting of shareholders on 13 June 2013
to buy back own shares. Approval of the supervisory board is not required.

The buy-back will be effected by KION GROUP AG. At this time the Company
does not hold any own shares. The acquired own shares shall be available
for any and all purposes covered by the authorization of the general
meeting of shareholders. In particular, they shall be offered for
acquisition to persons employed by KION GROUP AG or one of its affiliated
companies in the context of a future employee participation program.

The buy-back shall be effected via the stock exchange and in compliance
with Art. 4 - 6 Commission Regulation (EC) No. 2273/2003 of 22 December
2003 (the 'Regulation'). During the period from 28 August 2013 to 15
October 2013 a total of up to 200,000 shares without par value of the
Company (i.e. approximately 0.2% of the nominal share capital) shall be
acquired in the context of a buy-back program. During this period the
Company will not sell any own shares. The buy-back program will be executed
by Goldman Sachs International as agent for the Company which will make its
decisions regarding the execution of the purchase of shares of the Company
independently from, and without influence by, the Company. Goldman Sachs
International will enter into a contract with KION GROUP AG in which it
undertakes vis-à-vis KION GROUP AG to comply with the conditions for
trading according to Art. 5 of the Regulation. Notwithstanding the
restrictions arising from the Regulation, the purchase price per share
(excluding incidental acquisition costs) shall not exceed by more than 10%,
nor fall below by more than 20%, the average closing price of the shares of
the Company carrying the same rights in Xetra trading (or a comparable
successor system) on the Frankfurt Stock Exchange during the last five
trading days before the trading day on which such share is repurchased.

The Company will, for all transactions executed in the context of the
buy-back program, disclose on a weekly basis the information referred to in
Art. 4 (4) in connection with (3) of the Regulation on its website
(www.kiongroup.com) in the section 'Investor Relations'.

The repurchase of shares by the company is beginning during a two-week
trading window, which opens upon publication of the half-year results and
is based on internal restrictions on when employees can trade KION Group
securities. During this period, employees may trade company shares,
including those members of staff who participated in an earlier,
broad-based management participation program who were subject to a lock-up
period until recently. Executive Board members and other managers continue
to be bound by a lock-up period of twelve months from the IPO.

The buy-back program may, as far as necessary and legally permitted, be
suspended and resumed at any time.

Further information for investors

Frank Herzog
Head of Corporate Finance
Tel.: +49 (0) 611.770-303
Email frank.herzog@kiongroup.com

Silke Glitza
Head of Investor Relations and M&A
Tel.: +49 (0) 611.770-450
Email silke.glitza@kiongroup.com

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Language: English
Company: KION GROUP AG
Abraham-Lincoln-Str. 21
65189 Wiesbaden
Germany
Phone: +49 (0)611 770-0
Fax: +49 (0)611 770-690
E-mail: info@kiongroup.com
Internet: www.kiongroup.com
ISIN: DE000KGX8881
WKN: KGX888
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service

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