Klöckner & Co SE - Sale of Koenig Verbindungstechnik AG, Switzerland, completed

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Duisburg (euro adhoc) - Duisburg, September 4, 2008 - Klöckner & Co SE, working
through its Swiss subsidiary Debrunner Koenig Holding (DKH), completed the sale
of Koenig Verbindungstechnik (KVT) today. As announced in July, the specialist
in fastening systems has been acquired by the private equity company Capvis. The
acquisition has already been approved by antitrust authorities.

KVT does business in the market of fastening systems and sealing plugs. As a
result, it is not part of the core business of Klöckner & Co SE. The sale price
was about EUR325 million, producing a book gain after taxes of around EUR265
million.

"After successfully directing the focus in North America to our core business,
we have now continued this approach in Europe by selling KVT. With the funds
produced by the transaction, we also gain further leeway for our expansion
strategy," said Dr. Thomas Ludwig, CEO of Klöckner & Co SE.

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 SE 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.

Further inquiry note:
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]

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: 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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