Hardinge Offers Statement Related to Privet Fund Comments: Says Has Reviewed Letter

Hardinge Inc.

("Hardinge" or the "Company"), a leading international provider of advanced metal-cutting solutions and accessories, today issued the following statement to shareholders and other Company stakeholders: On March 3, 2015, Hardinge received a letter from one of our shareholders, Privet Fund Management LLC, which we have carefully reviewed. Management and the Board of Hardinge value the input we receive from our shareholders and take it into serious consideration. Hardinge is committed to acting in the best interests of all shareholders. With the oversight and full engagement of our experienced and qualified Board of Directors, the management team regularly reviews and rigorously evaluates the Company's strategy while continually assessing alternatives and initiatives to enhance shareholder value. On February 12, 2015, we announced strong fourth quarter results highlighted by orders that were at the highest levels since the second quarter of 2011. We are expecting solid growth in 2015 driven by the strength of our year-end orders and backlog, as well as an active pipeline of new orders. As we commented in our earnings release, "we are intent upon growing the business organically and through acquisitions, and to improve productivity to drive stronger profitability." We look forward to keeping our shareholders apprised of Hardinge's progress in the coming months as we execute on our plans. We welcome the opportunity to continue a dialogue with all of our shareholders.