Kennametal Inc. Announces Pricing of Common Stock Offering

LATROBE, Pa., July 9 /PRNewswire-FirstCall/ -- Kennametal Inc. (NYSE: KMT)
announced today that the public offering of 7,000,000 shares of its common
stock has priced at today's market close of $15.75 per share. The offering
includes a 30-day option for the underwriters to purchase up to an additional
1,050,000 shares to cover over-allotments, if any.

Kennametal will use the net proceeds from the offering to pay down outstanding
bank debt.

J.P. Morgan and Merrill Lynch & Co. are the joint book-runners for the common
stock offering. Lead managers include Key Banc, Capital Markets Inc. and PNC
Capital Markets LLC. Co-managers include ABN AMRO Incorporated, BNY Mellon
Capital Markets, LLC, Comerica Securities, Inc., Mitsubishi UFJ Securities
(USA), Inc. and Mizuho Securities USA Inc.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of any of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such
jurisdiction. The offering of these securities will be made only by means of
the prospectus supplement and the accompanying prospectus. A registration
statement relating to the securities has been filed with the Securities and
Exchange Commission.

Before you invest, you should read the prospectus in that registration
statement and other documents Kennametal has filed with the Securities and
Exchange Commission for more complete information about Kennametal and the
equity offering.

Copies of the final prospectus supplement and accompanying prospectus may be
obtained from J.P. Morgan, National Statement Processing, Prospectus Library,
4 Chase Metrotech Center, CS Level, Brooklyn, New York 11245 or by telephone
at (718) 242-8002; Merrill Lynch & Co. 4 World Financial Center, New York, New
York 10080, Attention: Prospectus Department; and at www.sec.gov.

This release contains "forward-looking" statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Forward-looking statements are statements that do not
relate strictly to historical or current facts. You can identify
forward-looking statements by the fact they use words such as "should,"
"anticipate," "estimate," "approximate," "expect," "may," "will," "project,"
"intend," "plan," "believe" and other words of similar meaning and expression
in connection with any discussion of future operating or financial performance
or event. Forward-looking statements in this release concern, among other
things, Kennametal's intention to conduct an offering of its common stock and
intended uses of proceeds from the offering, and are based on current
expectations that involve inherent risks and uncertainties. Should one or
more of these risks or uncertainties materialize, or should the assumptions
underlying the forward-looking statements prove incorrect, actual outcomes
could vary materially from those indicated. Factors that could cause the
actual results to differ materially from those indicated in the
forward-looking statements are more fully described in Kennametal's report on
Form 10-Q for the period ending March 31, 2009, the prospectus supplement
describing the offering and registration statement on Form S-3, and its other
periodic filings with the Securities and Exchange Commission. We undertake no
obligation to release publicly any revisions to forward-looking statements as
a result of future events or developments.

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 2008 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. [KMT-G]

SOURCE Kennametal Inc.

MEDIA RELATIONS, Joy Chandler, +1-724-539-4618; INVESTOR RELATIONS, Quynh
McGuire, +1-724-539-6559, both of Kennametal Inc.