Acquisition of Primary Steel LLC in USA

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Duisburg (euro adhoc) - Duisburg, April 13, 2007 - The Namasco Corporation with
headquarters in Atlanta, Georgia, USA, a country operation of Klöckner & Co
Aktiengesellschaft, has signed a contract for acquisition of the distribution
company Primary Steel LLC, whose headquarters are in Middletown, Connecticut,
USA. The takeover is still subject to approval by the US Antitrust Division.

Primary Steel LLC is a steel distribution company with seven branches in North
America. The enterprise is specialized in the distribution and pre-processing of
flat steel products, particularly plates. Primary Steel LLC has around 412
employees and achieved sales of $467 million in 2006. The main customers of the
distribution company are smaller distributors and sectors including
manufacturers of heavy-duty construction machinery (building cranes and
excavators), the energy industry, structural steel engineering, railway car
production, shipbuilding, etc.

"We are extremely pleased about the addition of Primary Steel. The acquisition
of this company will result in an increase in sales of the Klöckner & Co Group
in the USA of over 60 percent. The addition of Primary Steel to the existing
operations of Klöckner & Co expands the company’s geographic market area
throughout the US. The acquisition represents consistent continuation of
Klöckner & Co’s growth strategy through the acquisition of large companies,"
states Dr. Thomas Ludwig, Chairman of the Board of Management of Klöckner & Co
AG.

Through Primary Steel’s activities Klöckner & Co’s US subsidiary Namasco
Corporation gains a strong position on the US market for plates. Currently
Namasco Corporation, with headquarters in Atlanta, Georgia, has over 17 branches
in the USA.

About Klöckner & Co:

Klöckner & Co is the largest producer-independent steel and metal distributor 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 200,000 active customers are supplied through approximately 240
distribution locations in 14 countries in Europe and North America.
Klöckner & Co was founded more than100 years ago by Peter Klöckner. During the
financial year 2006, the company achieved sales of approximately EUR5.5 billion
with around 10,000 employees.
The shares of Klöckner & Co Aktiengesellschaft are admitted to trading on the
official market segment (Amtlicher Markt) of the Frankfurt Stock Exchange
(Frankfurter Wertpapierbörse) with simultaneous admission to the sub-segment
(Prime Standard) to the official market with further post-admission obligations.
ISIN: DE000KC01000; WKN: KC0100; Common Code: 025808576.

Contacts:
Peter Ringsleben, Claudia Uhlendorf - Corporate Communications

Klöckner & Co AG
Am Silberpalais 1
D - 47057 Duisburg

Peter Ringsleben
Phone: +49 203 307 2800
Fax: +49 203 307 5060
e-mail: peter.ringsleben@kloeckner.de

Claudia Uhlendorf
Phone: +49 203 307 2289
Fax: +49 203 307 5103
e-mail: claudia.uhlendorf@kloeckner.de

Further inquiry note:
Claudia Uhlendorf
Public Relations
Telefon: +49(0)203-307-2289
E-Mail: claudia.uhlendorf@kloeckner.de

end of announcement euro adhoc 13.04.2007 22:56:42
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emitter: Klöckner & Co AG
Am Silberpalais 1
D-47057 Duisburg
phone: +49(0)203-307-0
FAX: +49(0)203-307-5000
mail: info@kloeckner.de
WWW: http://www.kloeckner.de
sector: Metal Goods & Engineering
ISIN: DE000KC01000
indexes: CDAX, Classic All Share, Prime All Share, MDAX
stockmarkets: official dealing/prime standard: Frankfurter Wertpapierbörse, free
trade: Börse Berlin-Bremen, Hamburger Wertpapierbörse,
Baden-Württembergische Wertpapierbörse, Börse Düsseldorf,
Bayerische Börse
language: English

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