Within the framework of the article 10 par. 1 of L. 3340/2005 provisions and the decision 3/347/12-07-2005 of the Hellenic Capital Market Commission, KLEEMANN HELLAS S.A. announces the finalization of the procedure concerning the establishment of the new subsidiary in Oxford, U.K. under the trade name "KLEEMANN LIFTS U.K. LTD". The registry date was on 22/03/2011 and the BoDs was formed into body on 05/05/2011.

As it has already been announced on 01/03/2011, the purpose is to promote modernisation solutions and further enhance the overall product range of the parent company.

The initial share capital of the new Subsidiary amounts to € 200.000,00 and was covered 100% by KLEEMANN HELLAS S.A.