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KENNAMETAL RESPONDS TO MEDIA REPORTS

 KENNAMETAL RESPONDS TO MEDIA REPORTS
 PITTSBURGH, April 23 /PRNewswire/ -- In response to media reports


today, that Kennametal Inc. (NYSE: KMT) is under investigation by federal agencies, the company issued the following statement:
 On behalf of the 5,000 employees of Kennametal worldwide, Kennametal welcomes any legitimate investigation into our export operations. It's time to clear the air. Kennametal has not been contacted by the Justice Department in Pittsburgh since last summer but is providing information to the United States Commerce Department.
 Ever since our critics first made allegations against us in an effort to damage the name of a fine American corporation, we have been diligently seeking a review of this matter through proper governmental agencies having legitimate jurisdiction. Kennametal has nothing to hide and has been urging such a review since last year. The Justice Department in Atlanta, Ga., conducted a full investigation last fall and determined that Kennametal did not violate United States law.
 The corporation's name has been dragged through the mud by an irresponsible, tabloid news program and a headline-seeking congressman with ethical problems of his own. We welcome this scrutiny because it will set the record straight and place Kennametal's image in its true light. Kennametal is made up of proud, hard-working, patriotic Americans who fully honor and protect our nation's interests.
 Kennametal has always been and pledges to continue to be cooperative and open with all governmental agencies. We are confident this review will set the matter to rest.
 -0- 4/23/92
 /CONTACT: Bill Kennedy of Kennametal Inc., 412-539-5765.
 (KMT) CO: Kennametal Inc. ST: Pennsylvania IN: SU:


PS -- NY143 -- 2227 04/23/92 19:00 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Date:Apr 23, 1992
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