Ethics Obligations for Chief Executive Officer and Employees with Financial Reporting Responsibilities

Revised: May 18, 2017

As
a public company it is of critical importance that the Company’s reports to the
public and filings with the Securities and Exchange Commission be accurate and
timely.Depending on their position with
the Company, employees may be called upon to provide information to assure that
the Company’s public reports are complete, fair and understandable.The Company expects all of its personnel to
take this responsibility very seriously and to provide prompt and accurate
answers to inquiries related to the Company’s public disclosure requirements.

The
Finance Department bears a special responsibility for promoting integrity
throughout the organization, with responsibilities to stakeholders both inside
and outside of the Company.The Chief
Executive Officer and Finance Department personnel have a special role both to
adhere to these principles themselves and also to ensure that a culture exists
throughout the Company as a whole that ensures the fair and timely reporting of
the Company’s financial results and condition.

Because
of this special role, the Chief Executive Officer and all members of the
Company’s Finance Department are bound by the following Code of Ethics, and by
accepting this Code of Ethics, each agrees that he or she will:

1. Act
   with honesty and integrity, avoiding actual or apparent conflicts of interest
   in personal and professional relationships.
2. Provide
   information that is accurate, complete, objective, relevant, timely and
   understandable to ensure full, fair, accurate, timely, and understandable
   disclosure in reports and documents that the Company files, with, or submits
   to, government agencies and in other public communications.
3. Comply
   with rules and regulations of federal, state, provincial and local governments,
   and other appropriate private and public regulatory agencies.
4. Act
   in good faith, responsibly, with due care, competence and diligence, without
   misrepresenting material facts or allowing one’s independent judgment to be
   subordinated.
5. Respect
   the confidentiality of information acquired in the course of one’s work except
   when authorized or otherwise legally obligated to disclose.Confidential information acquired in the
   course of one’s work will not be used for personal advantage.
6. Share
   knowledge and maintain skills important and relevant to stakeholders’ needs.
7. Proactively
   promote and be an example of ethical behavior as a responsible partner among
   peers, in the work environment and the community.
8. Achieve
   responsible use of and control over all assets and resources employed or
   entrusted.
9. Make no offer, promise, payment or authorization
   to pay anything of value to any foreign government official for the purpose of
   influencing any act or decision in order to obtain or retain business.
10. Maintain records in reasonable detail to reflect
    accurately and fairly transactions and dispositions of assets.

Concerns about actions or circumstances that
appear inconsistent with our Code of Conduct should be dealt with as
follows:

• Review the matter with your supervisor or
  manager.
• If the matter is not resolved or if you do not
  wish to review the matter with your supervisor or manager, you can review
  the matter with a member of the Human Resources Department.

If the matter is not resolved or if you do not
feel comfortable discussing the matter with any of the persons listed
above, you can contact the Company’s Integrity Line, which is operated by
an independent company, and report the matter, if permitted by local law.

You can contact the Integrity Line:

• By telephone: 1-844-826-8142 – Employees located
  outside the U.S. and Canada should first dial the AT&T Direct Code in their
  country and then either dial or ask the operator to connect them to the number
  listed above. The AT&T Direct Codes are available on the internet at: http://www.business.att.com/bt/access.jsp
• Via the internet at www.kewaunee.ethicspoint.com
• By mail addressed to: Kewaunee Scientific
  Integrity Line, PMB 3767 | 13950 Ballantyne Corporate Place, Suite 300 |
  Charlotte, NC 28277

If the matter involves questionable accounting
or auditing matters, you can also contact the Audit Committee of the Board
of Directors:

• By mail address to Audit Committee, c/o
  Corporate Secretary, Kewaunee Scientific Corporation, 2700 West Front Street,
  Statesville, North Carolina 28677

Violations of this Code of Ethics, including failures
to report potential violations by others, will be viewed as a severe
disciplinary matter that may result in personnel action, including termination
of employment.

It
is against the Company’s policy to retaliate against any employee for good
faith reporting of violations of this Code.

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