EANS-News: Klöckner & Co SE / Klöckner & Co substitutes Luxembourg Issuer

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Duisburg (euro adhoc) - Duisburg, December 4, 2009 - The Management Board of
Klöckner & Co SE ("Klöckner & Co") announces the substitution of the Luxembourg
issuer of the EUR 325 million convertible bond issued in July 2007 and due 2012
(ISIN DE000A0N0J03, WKN A0N0J0, Common Code 031294827). Pursuant to § 15 of the
terms and conditions of the bonds, the original issuer Klöckner & Co Finance
International S.A., Luxembourg, is substituted by Klöckner & Co Financial
Services S.A., also Luxembourg. The substitute issuer, which is a wholly-owned
subsidiary of Klöckner & Co SE as well, has issued in June 2009 the EUR 97.9
million convertible bond due 2014. The reason for the substitution is the
optimization of the financing structure and the reduction of administration
costs. No further changes follow from such substitution; in particular, all
rights of the bondholders and the guarantee of Klöckner & Co for the bonds
remain substantively unchanged.

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 9,200 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.

Further inquiry note:
Dr. Thilo Theilen - Head of Investor Relations & Corporate Communications
Phone: +49-(0)203-307-2050
E-Mail: thilo.theilen@kloeckner.de

Claudia Uhlendorf - Spokesperson
Phone: +49-(0)203-307-2289
E-mail: claudia.uhlendorf@kloeckner.de
end of announcement euro adhoc
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issuer: Klöckner & Co SE
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
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English

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