Klöckner & Co: Second Annual General Meeting since IPO

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Duisburg (euro adhoc) - Duisburg, June 20, 2008 - At today´s Annual General
Meeting of Klöckner & Co AG, the Chairman of the Management Board, Dr. Thomas
Ludwig, will raise the company´s business forecast for the current fiscal year:
Klöckner & Co projects at least 10 percent higher sales for the entire year of
2008 compared with the previous year. EBITDA is forecasted to exceed current
market expectations of about EUR 470 million, with a substantial increase in net
profit for the period. Aside from favorable market developments and massive
price increases, this success can be attributed to the company´s business
strategy. "Our strategy based on acquisitions, organic growth and business
process optimization through the STAR program will remain the focus of our
activities in 2008. As a result, it will contribute to the continued improvement
of our business results," Dr. Thomas Ludwig said.

At the Annual General Meeting, the Management and Supervisory Boards will
present resolutions on important issues to stockholders, including the
conversion of the company into a European company (SE) and the company´s
dividend disbursement. "The conversion into an SE marks another step in our
company´s evolution into a European organization. The legal form of SE
underscores the special significance of the European market for the Klöckner &
Co Group and is an expression of a modern, entrepreneurial Europe," Dr. Thomas
Ludwig noted.

The company will propose a dividend payment of 80 euro cents per share to the
Annual General Meeting. The size of the dividend corresponds to a payout ratio
of 30 percent of the consolidated net profit allocable to shareholders of
Klöckner & Co AG after special effects. "Klöckner & Co´s commitment to maintain
this dividend policy in the future is a testament to the company´s payout
continuity and also makes its share an attractive investment in terms of
dividend yield," Dr. Thomas Ludwig said.

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 210,000 active customers are supplied through more
than 260 distribution locations in 15 countries in Europe and North America.
During the financial year 2007, the Company achieved sales of approximately
EUR6.3 billion with more than 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. Klöckner & Co shares
are listed in the MDax® Index of Deutsche Börse.

Contact persons:
Peter Ringsleben, Claudia Uhlendorf - Corporate Communications

Peter Ringsleben
Phone: +49-203-307-2800
Fax: +49-203-307-5060
E-mail: [email protected]

Claudia Uhlendorf
Phone: +49-203-307-2289
Fax: +49-203-307-5103
E-mail: [email protected]

Claudia Nickolaus - Investor Relations
Phone: +49-203-307-2050
Fax: +49-203-307-5025
E-Mail: [email protected]

Further inquiry note:
Claudia Uhlendorf
Phone: +49-203-307-2289
Fax: +49-203-307-5103
E-mail: [email protected]

end of announcement euro adhoc
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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: [email protected]
WWW: http://www.kloeckner.de
sector: Metal Goods & Engineering
ISIN: DE000KC01000
indexes: MDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Börse Frankfurt, free trade:
Börse Berlin, Börse Hamburg, Börse Stuttgart, Börse Düsseldorf,
Börse München
language: English

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