FOR IMMEDIATE RELEASE

CONTACT: Leslie Cummings, Vice President of Finance and Treasurer

Knape & Vogt Manufacturing Company (616) 459-3311, Ext. 225

or

Jeff Lambert, Paula MacKenzie (616) 233-0500

Lambert, Edwards & Associates, Inc. (mail@lambert-edwards.com)

Knape & Vogt Reports Improved Second-Quarter and Six-Month Results

GRAND RAPIDS, Michigan, January 12, 2004 – Knape & Vogt Manufacturing Co. (Nasdaq: KNAP) today announced double-digit net sales growth for the six months and quarter ended December 27, 2003.

The Grand Rapids, Mich.-based manufacturer and distributor of drawer slides, shelving, storage and ergonomic office products reported that net sales increased 14.2 percent to .5 million for the second quarter of fiscal 2004, compared with net sales of .2 million during the same period a year ago. KV reported net income of 1,904, or .10 per diluted share, for the just-completed quarter, compared with 1,728, or .19 per diluted share, during the same period in fiscal 2003. Excluding a one-time after-tax gain of $.5 million related to the settlement of certain legal matters, net income in the prior year second quarter would have been approximately $.3 million or .07 per diluted share.

The Company attributed the strong sales growth to new products introduced during the past year, which accounted for .4 million of sales in the quarter. The new products not only generated sales with existing customers but also allowed the Company to develop new customers in key markets.

"We have grown sales and gained market share with both existing and new customers," said Bill Dutmers, chairman and CEO. "Our ability to bring innovative, value-added products to the markets we serve, combined with our outstanding customer service have proven to be key reasons for our growth over the past six months."

"We see potential to continue this growth trend in the coming months," Dutmers continued. "Our focus on key markets is critical. We listen to our customers needs and respond quickly with products and services that address their issues, serving as a true partner in helping them achieve their business objectives. Many of our new products – those already introduced along with those currently under development – provide enhanced features and at the same time allow our customers to increase their productivity. This can be seen in products, such as our 4X4 Pocket Dooräslide and our Interlokälateral drawer anti-tip and locking system."

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Knape & Vogt, page 2 of 2

KV also attributed the sales growth to its expanded sales force and sales rep network, which is beginning to generate new retail and wholesale customers.

For the first six months of fiscal 2004, KV reported a 15.4 percent increase in sales and higher net income compared to the prior year period. KV posted net income of .1 million, or .25 per diluted share, on net sales of .6 million, compared with net income of .0 million, or .23 per diluted share, on net sales of .2 million for the first six months of fiscal 2003. New products accounted for .8 million in sales for the first six months of fiscal 2004, compared with .2 million in the year-ago period.

"Our entire organization is committed to positioning KV for future growth," stated Dutmers. "We involve many cross functional teams in our new product development process, lean manufacturing activities and customer service initiatives. This helps foster a culture of continuous improvement and ensures that we remain focused on innovation that drives top and bottom line performance."

About Knape & Vogt

Knape & Vogt Manufacturing Co. brings more than a century of experience to the design, manufacture and distribution of kitchen and bath storage solutions and office products for original equipment manufacturers, specialty distributors, office furniture dealers, hardware chains and major home centers throughout the country. Additional information on KV's product lines is available on www.knapeandvogt.com.

Cautionary Statement: This press release contains certain forward-looking statements that involve risks and uncertainties. When used in this release, the words "believe," "anticipates," "think," "intend," "optimistic," "forecast," "expect," "potential" and similar expressions identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements concerning future improvements in net sales, margins and profitability. Such statements are subject to certain risks and uncertainties which could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, economic, competitive, governmental and technological factors affecting the Company's operations, markets, products, services and prices. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

Knape & Vogt Manufacturing Company and Subsidiaries

Condensed Consolidated Statements of Income

(Unaudited)

Six Months Ended Three Months Ended

	Dec. 27, 2003	Dec. 28, 2002	Dec. 27, 2003	Dec. 28, 2002
Net sales...........................................................	$ 70,623,675	$ 61,218,080	$ 34,498,436	$ 30,219,890
Cost of sales....................................................	56,143,079	47,583,496	27,182,375	23,639,237
Gross margin....................................................	14,480,596	13,634,584	7,316,061	6,580,653
Selling and administrative expenses............	11,962,694	11,071,891	6,062,245	4,921,448
Other.................................................................	-	271,325	-	-
Operating income............................................	2,517,902	2,291,368	1,253,816	1,659,205
Interest and other expenses, net..................	839,627	636,815	446,698	317,769
Income before income taxes..........................	1,678,275	1,654,553	807,118	1,341,436
Income taxes....................................................	566,497	607,862	365,214	489,708
Net income.......................................................	$ 1,111,778	$ 1,046,691	$ 441,904	$ 851,728
Earnings per common share – basic and diluted: Weighted average shares outstanding	4,516,137	4,517,472	4,516,349	4,517,480
Net income per share....................................	$ .25	$ .23	$ .10	$ .19
Cash dividend - Common stock....................	$ .33	$ .33	$ .165	$ .165
Cash dividend - Class B common stock.......	$ .30	$ .30	$ .15	$ .15

Knape & Vogt Manufacturing Company and Subsidiaries

Condensed Consolidated Balance Sheets

	December 27, 2003 (Unaudited)		June 28, 2003
Assets Current Assets:
Cash...........................................…………………	$ 4,583,171		$ 3,846,611
Accounts receivable, net...............................…….	16,862,223		16,820,600
Inventories...................................................…….	21,218,846		18,979,056
Prepaid expenses and other ..........................…….	1,507,187		731,751
Total current assets.........……......................…….	44,171,427		40,378,018
Property, plant and equipment, net...............…….	31,206,900		33,989,109
Other assets................................................……...	17,723,160		17,981,702
	$ 93,101,487		$ 92,348,829
Liabilities and Equity
Current liabilities..........................................……	$ 20,668,512		$ 19,920,749
Long-term debt and capital leases...................….	24,046,310		24,052,605
Deferred income taxes & other long-term liabilities...................................……..	13,399,120		13,613,613
Stockholders' equity......................................……	34,987,545		34,761,862
	$ 93,101,487		$ 92,348,829

Knape & Vogt Manufacturing Company and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(Unaudited)

Six Months Ended

		December 27, 2003		December 28, 2002
From Operating Activities:
Net income............................................……...		$ 1,111,778		$ 1,046,691
Depreciation and amortization…...............…..		3,278,015		3,552,611
Decrease in prepaid pension cost………..		203,585		52,234
Deferred income taxes………………………..		205,319		265,000
Loss (gain) on disposal of fixed assets…....…..		(4,349	)	87,615
Changes in operating assets & liabilities....................................……..		(1,931,557	)	(855,273	)
Other, net.................................….......……….		(30,801	)	15,448
Net cash provided by operating activities..………..		2,831,990		4,164,326
From Investing Activities:
Additions to property, plant & equipment net.…………..		(764,415	)	(1,634,228	)
Proceeds from sales of property, plant & equipment		800		243,527
Other, net............................................……..		(21,962	)	(21,411	)
Net cash used for investing activities..…..		(785,577	)	(1,412,112	)
From Financing Activities:
Cash dividends paid..........…..............…. Net change in long-term debt/capital leases….. Repurchase and retirement of common stock……………………………………..		(1,424,363 (6,295 -	) )	(1,423,152 - (5,934	) )
Net cash used for financing activities....…………...		(1,430,658	)	(1,429,086	)
Effect of Exchange Rates on Cash................……….		120,805		(80,276	)
Net increase in cash …………….................……….		$ 736,560		$ 1,242,852