Klöckner & Co SE - Sale of Koenig Verbindungstechnik AG, Switzerland, completed

• Announced deal consummated

• Transaction approved by antitrust authorities

• Focus on core business continued

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Duisburg (euro adhoc) - Duisburg, September 4, 2008 - Klöckner & Co
SE, working through its Swiss subsidiary Debrunner Koenig Holding
(DKH), completed the sale of Koenig Verbindungstechnik (KVT) today.
As announced in July, the specialist in fastening systems has been
acquired by the private equity company Capvis. The acquisition has
already been approved by antitrust authorities.

KVT does business in the market of fastening systems and sealing
plugs. As a result, it is not part of the core business of Klöckner &
Co SE. The sale price was about EUR325 million, producing a book gain
after taxes of around EUR265 million.

"After successfully directing the focus in North America to our core
business, we have now continued this approach in Europe by selling
KVT. With the funds produced by the transaction, we also gain further
leeway for our expansion strategy," said Dr. Thomas Ludwig, CEO of
Klöckner & Co SE.

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 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 SE 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.

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

Further inquiry note:

Contact persons:

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

Phone: +49-203-307-2050

Fax: +49-203-307-5025

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