euro adhoc: Klöckner & Co AG / Strategic management decisions / Klöckner & Co Aktiengesellschaft / Planned sale of subsidiary Namasco Ltd., Canada

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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03.12.2007

Duisburg, December 3, 2007 - Klöckner & Co Aktiengesellschaft intends
to sell its Canadian subsidiary Namasco Ltd. The company today
instructed an investment bank to start the sale process.

Namasco Ltd. operates primarily in the area of processing flat rolled
metal products for the North American automotive industry. Due to
structural changes in this industry and the market trend over the
past few years, this business could only be expected to perform well
for the company if the relevant services were expanded to the US.
However, the core business of the Klöckner & Co Group does not
include activities of this nature with automotive related customers.
In the future, Klöckner & Co will continue to focus on its core
business in North America, the distribution of steel and metal, and
systematically expand the business.

Namasco Ltd. is headquartered in Burlington, Canada. The company has
approximately 400 employees and generated sales of around EUR 293
million in the 2006 financial year.

Issuer: Klöckner & Co Aktiengesellschaft, Am Silberpalais 1, 47057
Duisburg, Germany. The shares of Klöckner & Co Aktiengesellschaft are
admitted to trading on the official market segment (Amtlicher Markt)
of the Frankfurt Stock Exchange with simultaneous admission to the
sub-segment (Prime Standard) with further post-admission obligations.
ISIN: DE000KC01000; WKN: KC0100; Common Code: 025808576.

end of announcement euro adhoc 03.12.2007 13:35:38
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ots Originaltext: Klöckner & Co AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Helmut Geisen
Telefon: +49(0)203-307-2007
E-Mail: helmut.geisen@kloeckner.de

Branche: Metal Goods & Engineering
ISIN: DE000KC01000
WKN: KC0100
Index: CDAX, Classic All Share, Prime All Share, MDAX
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade