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 decision of its BoDs during the session of 28/02/2011, to proceed on the establishment of a new subsidiary in Oxford, U.K. under the trade name "KLEEMANN LIFTS UK LTD".