euro adhoc: Klöckner & Co SE / Justice/Processes / French anti-trust authority fines subsidiary of Klöckner & Co

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for the content of this announcement.
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Litigation & Regulations

16.12.2008

Duisburg, December 16, 2008 - The French anti-trust authority
(DGCCRF) announced today that it has imposed fines totaling almost
EUR600 million on French steel distributors. KDI SAS (a subsidiary of
Klöckner & Co SE) was fined EUR169 million. The companies were
accused of taking part in anti-competitive price-fixings in France
from 1999 to 2004. Contrary to its previous practice, the French
anti-trust authority obviously used global sales of Klöckner & Co as
the basis for the calculation of the fine, even though the violations
were committed exclusively by the French subsidiary, KDI SAS, and
only affected the French market. For this reason, KDI SAS will appeal
the fine with the aim of significantly reducing the amount and of
obtaining a suspension of payment until a final judgment has been
rendered.

The fine will negatively impact the 2008 group results of Klöckner &
Co SE by a total of EUR79 million. Reserves had been made in the
amount of EUR20 million. In addition, Klöckner & Co possesses a
compensation claim totaling EUR70 million towards the former owners
of the Klöckner & Co group resulting from the sale of the group to
today´s Klöckner & Co SE in 2005.

Issuer: Klöckner & Co SE, 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 SE
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

Dr. Thilo Theilen - Investor Relations

Phone: +49-203-307-2050

E-Mail: thilo.theilen@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
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