Kennametal Chairman, President and CEO Carlos Cardoso Named Ernst & Young Entrepreneur Of The Year® 2009 Award Winner in Pittsburgh

Award Recognizes Entrepreneurial Excellence in Master Category

LATROBE, Pa., (June 22, 2009) – Kennametal Inc. (NYSE: KMT) announced today that Chairman, President and CEO, Carlos Cardoso, received the Ernst & Young Entrepreneur Of The Year® 2009 Award in the Master category for the Upstate New York, Western Pennsylvania and West Virginia region. According to Ernst & Young LLP, the award recognizes outstanding entrepreneurs who are building and leading dynamic, growing businesses. Cardoso was selected by an independent panel of judges, and the award was presented at a gala event at the Carnegie Music Hall Foyer in Pittsburgh, PA on June 19, 2009.

In accepting the honor, Carlos Cardoso said, “I have learned in my career that the people around you make all the difference between success and failure—build the best team and you assure success, settle for less and you fail. Therefore, I accept this award on behalf of the entire world-class Kennametal team.”

The Ernst & Young Entrepreneur Of The Year awards celebrate their 23rd anniversary this year. The program honors entrepreneurs who have demonstrated exceptionality in such areas as innovation, financial performance and personal commitment to their businesses and communities. “

We are proud to recognize the achievements of Mr. Cardoso,” said Kevin Pickels, Ernst & Young LLP Entrepreneur Of The Year Program Director for Upstate New York, Western Pennsylvania and West Virginia region. “Winners of the Entrepreneur Of The Year award build leading businesses and contribute significantly to the strength of our region’s economy. Their success helps our area grow stronger.”

As an Upstate New York, Western Pennsylvania and West Virginia award winner, Cardoso is now eligible for consideration for the Ernst & Young LLP Entrepreneur Of The Year 2009 national program. Award winners in several national categories, as well as the overall national Ernst & Young Entrepreneur Of The Year award winner, will be announced at the annual awards gala in Palm Springs, California on November 14, 2009. The awards are the culminating event of the Ernst & Young Strategic Growth Forum, the nation’s most prestigious gathering of high-growth, marketleading companies.

Sponsors

PFounded and produced by Ernst & Young LLP, the Entrepreneur Of The Year awards are pleased to have the Ewing Marion Kauffman Foundation and SAP America as national sponsors.

In Upstate New York, Western Pennsylvania and West Virginia, sponsors include our primary regional sponsor, Alpern Rosenthal; primary media sponsor, Pittsburgh Business Times; and the Pittsburgh Technology Council.

About Ernst & Young’s Entrepreneur Of The Year® Awards Program

Ernst & Young’s Entrepreneur Of The Year® Award is the world’s most prestigious business award for entrepreneurs. The award makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, the Ernst & Young Entrepreneur Of The Year® award celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 135 cities in 50 countries.

About Kennametal Inc.

Kennametal Inc. (NYSE: KMT) is a leading global supplier of tooling, engineered components and advanced materials consumed in production processes. The company improves customers' competitiveness by providing superior economic returns through the delivery of application knowledge and advanced technology to master the toughest of materials application demands. Companies producing everything from airframes to coal, from medical implants to oil wells and from turbochargers to motorcycle parts recognize Kennametal for extraordinary contributions to their value chains. As of the prior fiscal year end, customers bought approximately $2.7 billion annually of Kennametal products and services – delivered by our 14,000 talented employees in over 60 countries – with 50 percent of these revenues coming from outside North America. Visit us at www.kennametal.com. [KMT-G]

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