Klöckner & Co - acquisition of Temtco Steel in the US

• Second large acquisition closed by the company in the US

• Acquisition of a leading distributor of specialty plate products

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merger, acquisition and takeover

Duisburg (euro adhoc) - Duisburg, April 4, 2008 - Via its US
operating subsidiary - Namasco Corporation headquartered in Atlanta,
Georgia - Klöckner & Co AG has entered into an agreement to acquire
the operating assets of the distribution company Taylor Equipment and
Machine Tool Corporation (dba Temtco Steel), headquartered in
Louisville, Mississippi. The acquisition is still subject to the
approval of the American anti-trust authorities.

Temtco Steel is a leading distribution company for specialty plate
with a large share of processing. Temtco Steel employs some 180 staff
in 5 locations in the USA and generated sales of approximately EUR226
million in 2007. The high strength quenched & tempered steels, wear
resistant steels and security steels have broad areas of application
such as energy and heavy equipment industries, as well as the mining
and transportation sectors.

After the acquisition of Primary Steel last year, a company which
also has a focus on specialty plate, Klöckner & Co, through Namasco
Corporation, continues to expand its market position for specialty
plate and strengthens its presence in the North American steel and
distribution market.

"With sales of approximately EUR226 million, Temtco Steel is just
like Primary Steel, another larger distribution company in the North
American market, which we acquired in 2007. The Temtco Steel
acquisition not only strengthens our market presence, but also
facilitates our expansion of our product portfolio in the area of
high-grade specialty plates with a large share of processing,"
commented Dr. Thomas Ludwig, Chairman of the Klöckner & Co AG
Management Board.

About Klöckner & Co AG:

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:
Klöckner & Co AG
Am Silberpalais 1
47057 Duisburg, Germany

Peter Ringsleben, Claudia Uhlendorf - Corporate Communications
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

Claudia Nickolaus - Investor Relations

Claudia Nickolaus
Phone: +49-203-307-2050
Fax: +49-203-307-5025
E-Mail: claudia.nickolaus@kloeckner.de

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

Further inquiry note:

Nadine Hagemus

Telefon: +49(0)203-307-2288

E-Mail: nadine.hagemus@kloeckner.de

Branche: Metal Goods & Engineering
ISIN: DE000KC01000
WKN: KC0100
Index: MDAX, CDAX, Classic All Share, Prime All Share
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