Knoll, Inc. Reduces Dividend

EAST GREENVILLE, Pa., May 4  /PRNewswire-FirstCall/ -- Knoll, Inc. (NYSE: KNL) today announced that the Company's Board of Directors declared a quarterly cash dividend of  $0.02 per share payable June 30, 2009 to all shareholders of record on June 15, 2009. This is a $0.10 per share reduction from the $0.12 per share dividend that the Company declared and paid each quarter in 2008 and the first quarter of 2009.

Commenting on the reduced dividend, Andrew Cogan, CEO, noted, "In the midst of a substantial decline in industry demand, our focus is to use free cash flow to pay down debt while investing in the kinds of new product initiatives that we believe will allow us to gain share in high potential categories.  This includes the June 2009 introduction of our Generation by Knoll(TM) work chair at our industry's NeoCon(R) trade show in Chicago."

He added, "When compared to our previous dividend rate, this reduced dividend will preserve approximately $18.7 million annually.  With other actions to improve working capital, we expect to make significant progress in continuing to delever our balance sheet.  We will continue to evaluate our dividend quarterly and, as business conditions change, we will adjust to the circumstances we face."

About Knoll

Since 1938, Knoll has been recognized internationally for creating workplace and residential furnishings that inspire, evolve and endure. Today, our commitment to modern design, our understanding of the workplace and our dedication to sustainable design has yielded a unique portfolio of products that respond and adapt to changing needs. Knoll is aligned with the U.S. Green Building Council and can help companies, healthcare organizations and educational institutions achieve Leadership in Energy and Environmental Design (LEED(R)) workplace certification. Knoll is the contract furniture industry's first member of the Chicago Climate Exchange (CCX(R)) and is the founding sponsor of the World Monuments Fund Modernism at Risk program. 

DATASOURCE: Knoll, Inc.



CONTACT:  Investors: Barry L. McCabe, Executive Vice President and Chief

Financial Officer, [phone], , Media:  David E.

Bright, Senior Vice President, Communications, [phone],





Web Site:  http://www.knoll.com/ 

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