Klöckner & Co ready for listing on the stock exchange

Duisburg (ots) - The steel and metal distribution company,
Klöckner & Co AG, is aiming for a listing on the Prime Standard of
the Frankfurt Stock Exchange before the summer break. This will be
subject to a favourable capital market environment. "We have
thoroughly examined this step. A direct access to the capital market
opens up additional flexibility for the future development of our
company", said the Chairman of the Management Board Dr. Thomas
Ludwig. The private equity firm Lindsay Goldberg & Bessemer (LGB)
plans to keep approx. 50 % of the shares after the IPO.

The company will provide additional details on its IPO plans at a
later date.

About Klöckner & Co:

Klöckner & Co is the largest producer-independent steel and metal
distributor 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 200,000 active
customers are supplied through approximately 240 distribution
locations in 14 countries in Europe and North America.

Klöckner & Co was founded 100 years ago by Peter Klöckner. During
the financial year 2005 the company achieved sales of approx. 5
billion Euros with around 10,000 employees. Klöckner & Co AG is
controlled 100 per cent by Lindsay Goldberg & Bessemer (LGB).

Originaltext: Klöckner & Co AG
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Contacts:
Peter Ringsleben, Claudia Uhlendorf - Corporate communication

Klöckner & Co AG
Am Silberpalais 1
47057 Duisburg

Peter Ringsleben
Tel: +49-203-307-2800
Fax: +49-203-307-5060
Email: peter.ringsleben@kloeckner.de

Claudia Uhlendorf
Tel: +49-203-307-2289
Fax: +49-203-307-5103
Email: claudia.uhlendorf@kloeckner.de

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