The increase in sales of the first quarter is a consequence of the strategy that the company follows - at manufacturing process and commercially - by the development of new products and the globalization of its activities.

In the current financial year 2003 in total the management is estimating an increase in consolidated turnover of 15,4% and an increase in consolidated profits of 9,6%, since sales are estimated to amount to € 61,68 million and profits to amount to € 6,43 million against 2002 which closed with turnover € 53,90 million and profits € 5,87 million.

Moreover, the management board of Kleemann will propose the share distribution of € 0,20 per share at the Annual General Meeting of its shareholders.

Furthermore, the management of the company intends to sell the small percentage (6%) of the shares that holds in GLOBAL LIFT GROUP, following the big shareholders of this company. The management of Kleemann estimates that, despite the loss that will come from the sale, the period of its cooperation with GLOBAL LIFT GROUP, has brought to Kleemann long-term benefits since it opened the way for new European markets, in which it has obtained a significant presence the last few years.

Industrial Area of Kilkis, 9 of May 2003.