EANS-News: Klöckner & Co SE issues 20,000,000 new shares

•Subscription rights to be exercised from September 8 through September
21, 2009
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Duisburg (euro adhoc) - Duisburg, September 4, 2009 - The Management Board of
Klöckner & Co SE decided today with the consent of the Supervisory Board to
carry out a capital increase from authorized capital. Klöckner & Co is raising
new funds inter alia to resume its acquisition strategy started after the public
listing in 2006 and to advance sectoral consolidation. The company had suspended
its expansion efforts when the global financial crisis deepened last September
in order to focus on cost-cutting and debt reduction and safeguard its financial
stability. Due to the Company´s fast, rigorous response to the crisis, these
measures have now largely been completed. Although the financial crisis and its
repercussions are probably not yet behind us, Klöckner & Co aims to use
crisis-related opportunities to push its long-term growth. In addition, a
recovery of the economic situation will lead to higher working capital
requirements. In this process, the Company will not loosen its safety net of
healthy balance-sheet ratios and financing structure and will expand its equity
capital base accordingly.

The Company will increase its share capital by EUR 50,000,000 from EUR
116,250,000 to EUR 166,250,000. The capital increase will be effected through
the issue of 20,000,000 no-par value shares with a calculated pro rata share of
the capital stock of EUR 2.50 per share and full dividend entitlements as of
January 1, 2009.
The issue price for the new shares amounts to EUR 10.00 per share, resulting in
gross issue proceeds of EUR 200 million. The underwriter banks have guaranteed
the placement at this price.
Following the approval of the securities prospectus by the German Federal
Financial Supervisory Authority (Bundesanstalt für
Finanzdienstleistungsaufsicht) anticipated on September 4, 2009, the new shares
will be offered to Klöckner & Co shareholders for subscription at a ratio of 7 :
3, i.e. shareholders can subscribe three new shares for seven old shares.
Shareholders´ legal subscription rights were excluded for a residual amount of
71,429 shares to ensure an even subscription ratio.
The subscription rights may be exercised during the period from September 8,
2009, through September 21, 2009. They will be traded in the regulated market of
the Frankfurt Stock Exchange during the period from September 8, 2009, through
September 17, 2009. It is expected that the new Klöckner & Co shares will be
included in the existing listing of shares of Klöckner & Co on September 22,
2009.
The capital increase of Klöckner & Co is underwritten by a consortium of
Deutsche Bank and J.P. Morgan as well as ABN AMRO, Barclays Capital and
COMMERZBANK.

About Klöckner & Co
Klöckner & Co is the largest producer-independent distributor of steel and metal
products in the European and North American markets combined. The core business
of the Klöckner & Co Group is the storage and distribution of steel and
non-ferrous metals. About 185,000 active customers are supplied through around
250 distribution locations by around 9,500 employees in 15 countries in Europe
and North America. During the financial year 2008, the Company achieved sales of
approximately EUR6.7 billion.
The shares of Klöckner & Co SE are admitted to trading on the regulated market
segment (Regulierter Markt) of the Frankfurt Stock Exchange (Frankfurter
Wertpapierbörse) with simultaneous admission to the sub-segment to the regulated
market with further post-admission obligations (Prime Standard). Klöckner & Co
shares are listed in the MDax® Index of Deutsche Börse.
ISIN: DE000KC01000; WKN: KC0100; Common Code: 025808576.

Disclaimer
NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR TO U.S.
PERSONS
This publication does not constitute an offer to sell or the solicitation of an
offer to purchase the shares or any other securities of Klöckner & Co SE. Any
offering of shares will, subject to approval from the German Federal Financial
Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht), be made
on the basis of a prospectus yet to be published.
This document is not an offer of securities for sale or a solicitation of an
offer to purchase shares or subscription rights in the United States. The shares
of Klöckner & Co SE (the "Shares") and subscription rights in respect of Shares
may not be offered or sold in the United States or to or for the account or
benefit of U.S. persons (as such term is defined in Regulation S under the U.S.
Securities Act of 1933, as amended (the "Securities Act")) unless registered
under the Securities Act or pursuant to an exemption from such registration.
The Shares and subscription rights in respect of Shares will not be registered
under the Securities Act.

The subscription rights in respect of Shares may be exercised in the United
States only by qualified institutional buyers as defined in and in reliance on
Rule 144A under the Securities Act. Each person located in the United States
who exercises subscription rights will be required to provide certain written
representations and warranties to this effect.

Further inquiry note:
Contact persons
Peter Ringsleben - Corporate Communications
Phone: +49-203-307-2800
E-mail: [email protected]

Claudia Uhlendorf - Corporate Communications
Phone: +49-203-307-2289
E-mail: [email protected]

Dr. Thilo Theilen - Investor Relations
Phone: +49-203-307-2050
E-Mail: [email protected]

E-Mail: [email protected]

end of announcement euro adhoc
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emitter: Klöckner & Co SE
Am Silberpalais 1
D-47057 Duisburg
phone: +49(0)203-307-0
FAX: +49(0)203-307-5000
mail: [email protected]
WWW: http://www.kloeckner.de
sector: Metal Goods & Engineering
ISIN: DE000KC01000
indexes: CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English

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