euro adhoc: Klöckner & Co AG / Earnings / Klöckner & Co AG: Business Development better than expected • Klöckner & Co boosts operating result by 60 percent in first half of 2008 over last year,

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preliminary results

07.07.2008

Duisburg, July 7, 2008 - Despite a cooling global economy, Klöckner &
Co achieved a result during the first half of 2008 that significantly
exceeds market expectations, preliminary figures show. The
preliminary operating result (Earnings before interest, taxes,
depreciations and amortizations; EBITDA) totals EUR310 million, about
EUR115 million above the same figure last year of EUR195 million.

The driving forces behind this increase of nearly 60 percent were
mainly the successful transformation of price increases for steel
products into higher gross margins and the contribution of acquired
companies. The preliminary operating result (EBITDA) for the second
quarter is about EUR200 million, nearly 100 percent above the
previous year´s level of EUR103 million. For the entire year,
Klöckner & Co expects to generate an operating result (EBITDA) that
surpasses the present market expectation of about EUR480 million.

The company´s interim report for the second quarter and the first
half-year 2008 will be released on August 14, 2008 on
www.kloeckner.de.

Issuer: Klöckner & Co Aktiengesellschaft, Am Silberpalais 1, D 47057
Duisburg ISIN: DE000KC01000; WKN: KCO0100 Listed: Amtlicher Markt /
Prime Standard; Frankfurter Wertpapierbörse Further information can
be obtained on the webpage of Klöckner & Co: www.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:

Peter Ringsleben - Corporate Communications

Phone: +49-203-307-2800

E-mail: peter.ringsleben@kloeckner.de

Claudia Uhlendorf - Corporate Communications

Phone: +49-203-307-2289

E-mail: claudia.uhlendorf@kloeckner.de

Claudia Nickolaus, Investor Relations

Phone: +49-203-307-2050

E-Mail: claudia.nickolaus@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