Second Quarter 2005 Update Andrew Cogan, CEO Barry McCabe, SVP, CFO. 1 Knoll NeoCon 2005 Showroom Entry

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1 Second Quarter 2005 Update Andrew Cogan, CEO Barry McCabe, SVP, CFO 1 Knoll NeoCon 2005 Showroom Entry

2 Disclaimer 2 The following information includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding Knoll, Inc. s expected future financial position, results of operations, cash flows, business strategy, budgets, projected costs, capital expenditures, products, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. Such forward-looking statements are inherently uncertain, and readers must recognize that actual results may differ materially from the expectations of Knoll management. Knoll does not undertake a duty to update such forward-looking statements. Factors that may cause actual results to differ materially from those in the forward-looking statements include corporate spending and service-sector employment, price competition, acceptance of Knoll s new products, the pricing and availability of raw components, demand for high quality, well designed office furniture solutions, changes in the competitive marketplace, changes in the trends in the market for office furniture and other risks identified on Knoll s Registration Statement on Form S-1, the Company s Form 10-K for 2004, and other filings with the Securities and Exchange Commission. Many of these factors are outside of Knoll s control.

3 Investment Highlights Growing Demand Premier Brand Identity and Attractive Market Segment Industry Leading Margins Achievable Growth Opportunities Delivering Results 3

4 Macroeconomic Environment Non-Residential Construction Service Sector Employment % Change from Prior Yea 20% 15% 10% 5% 0% (5%) (10%) (15%) (20%) (25%) J A J O J A J O J A J O J A J O J A Thousands of Employees 86,000 84,000 82,000 80, Q Q Q Q Q Q Q Q Q Q Q1 Source: Census Bureau Source: U.S. Bureau of Labor Statistics U.S. Office Space Absorption Business Confidence Index 4 Office Space Absorption(millions sq. ft.) (10) (20) (30) (40) Office Absorption 2004 BIFMA 2005 $4.0 $3.5 $3.0 $2.5 $2.0 $1.5 $1.0 $0.5 $0.0 BIFMA Order Volume ($ billions) JMMJ SNJ MMJ SN JMMJ SNJ MMJ SN JMMJ Source: Grubb & Ellis, BIFMA Source: Fortune

5 Industry Rebound BIFMA predicts strong growth out of down cycle 5 U.S. Office Furniture Shipments ($ bn) $14.0 $12.0 $10.0 $8.0 $6.0 $4.0 $2.0 $0.0 Source: BIFMA 8.5% 7.8% (0.9)% 14.1% (17.4)% 7.0% 6.4% 8.5% 6.6% 12.4% (19.0)% 5.1% (4.3)% $8.9 $9.4 $10.0 $11.5 $12.4 $12.2 $13.3 $10.9 $8.9 $8.5 $8.9 $9.9 $ F 2006F

6 Industry Is Growing Systems and other product categories grew in 2004 and are continuing in % Systems Other 16.40% 17.40% 15% 10% 10.20% 7.60% 6.20% Shipments (% Chang 5% 0% -5% -10% -15% -20% % % % -1.20% 2.30% -25% -30% % % Source: BIFMA

7 Unique and Expanding Product Portfolio Specialty 16.6% Office Systems 57.2% Seating 9.8% Storage 7.3% Excludes: European Sales (8.4%) and Tables/Desks (1%) 7

8 Expand Our Market Opportunity > Target underpenetrated seating and storage for growth ($ in millions) % Category Share of Total Industry Shipments* Knoll Category Share 2003 Category Share (% $2,554 15% $390 25% $2,262 21% $1, % 3% $69 $52 Office Systems Seating Storage 8 Successful Track Record of Gaining Share: Systems 1996: 11% 2004: 15% * Percent of 2004 total industry shipments of $8.9 billion, as reported by BIFMA.

9 Industry-Leading Margins Knoll Herman Miller Steelcase 25% 20% 15% Operating Margi 10% 5% 0% -5% Source: Knoll financials and public financials. Operating profit excludes one-time charges.

10 We Continue to Successfully Implement Our Growth Strategy Broaden Seating, Storage and Casegoods Offering Continuous Improvement & Global Sourcing Design Legacy Leading Office Systems Increase Share of Dealer Sales Expand Specialty Products & Distribution 10

11 NeoCon 2005 Introductions AutoStrada Applied Wall Essentials Work Chairs 11 KnollTextiles

12 Sales Momentum Continues 5 th Consecutive Quarter of YOY Sales Growth $ % 16.8% $ % 14.0% ($mm) $200 $180 $160 $179 $181 $193 $179 $198 (% Chg. vs. PY 12.0% 10.0% 8.0% 6.0% 7.7% 10.6% $ % 2.0% 1.0% 2.8% $120 2Q04 3Q04 4Q04 1Q05 2Q05 0.0% 2Q04 3Q04 4Q04 1Q05 2Q05 Sales Dollars Sales Percent Change 12

13 Performance Continues to Improve Despite Inflation Jan-Mar Apr-June July-Sept Oct-Dec Jan-Mar Apr-Jun Sales ($mm) Y-O-Y Growth (6.9%) 1.0% 2.8% 7.7% 16.8% 10.6% Gross Profit ($mm) Gross Margin 30.7% 34.8% 34.7% 35.7% 32.4% 34.5% EBIT ($mm) EBIT Margin 7.5% 10.1% 11.7% 9.0% 9.8% 12.2% Net Income ($mm) Earnings per share

14 Pricing and Global Sourcing Initiatives 4Q Q05 2Q05 (in millions $) Price $2.9 $4.8 $2.0 $3.8 Global Sourcing/Continuous Improvements Material Inflation (4.2) (16.1) (5.5) (5.2) Exchange (2.1) (3.4) (1.7) (1.3) Net Impact (0.1) 1.1 (2.0) (0.7) 14

15 Debt Was Further Reduced by $19M in the Quarter; $70M Since Sept $445.0 $425.0 $426.0 $405.0 $393.0 $385.0 $375.0 $365.0 $356.0 $345.0 $325.0 September 30, 2004 December 31, 2004 March 31, 2005 June 30,

16 Outlook for Third Quarter 2005 Net Sales ($ Millions) $ $203.0 Earnings Per Share $ $0.24* 16 * excluding special item

17 17 Thank You

Good design is good business. Florence Knoll

Good design is good business. Florence Knoll Knoll Today Andrew Cogan, CEO Barry McCabe, CFO Disclaimer The following information contains forward-looking statements within the meaning of the Private Securities