EANS-News: Klöckner & Co SE / Klöckner & Co prices highly oversubscribed convertible bond offering

• Coupon of 6%

• Conversion price set at EUR 21.06

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borrowings/convertible bond

Duisburg (euro adhoc) - Duisburg, June 4, 2009 - The Management Board
of Klöckner & Co SE ("Klöckner & Co") announces the pricing of its
offering of EUR 97.9 million senior unsecured convertible bonds (the
"Bonds") to institutional investors outside of the US only. Order
books were closed after only two hours and were multiple times
oversubscribed. Klöckner & Co intends to use the issue proceeds for
general corporate purposes and to continue its stated expansion at a
later stage.

The Bonds will be issued by Klöckner & Co Financial Services S.A.
(the "Issuer"), a wholly-owned Luxembourg subsidiary of Klöckner &
Co, guaranteed by Klöckner & Co, and will be convertible into
existing or new shares of Klöckner & Co.

The Bonds will have a maturity of five years and a coupon of 6 per
cent being at the low end of the indicated range of 6 to 7 per cent.
The conversion price has been set at EUR 21.06, which represents a
premium of 35 per cent above the reference price of EUR 15.60. Based
on the conversion price 4.65 million shares are underlying the bond.

J.P. Morgan and Deutsche Bank AG are acting as joint bookrunners,
lead managers and sole syndicate members for the Offering.

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 185,000 active customers are supplied
through around 260 distribution locations in 15 countries in Europe
and North America. During the financial year 2008, the Company
achieved sales of approximately EUR6.7 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:

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: CDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade