EANS-News: Klöckner & Co SE issues 20,000,000 new shares

•Klöckner & Co decides on capital increase with a volume of EUR 200
million
•Subscription price of EUR 10.00 per new share

•Subscription rights for Klöckner & Co shareholders at a ratio of 7
to 3
•Subscription rights to be exercised from September 8 through
September 21, 2009

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Restructuring & Recapitalisations

Duisburg (euro adhoc) - Duisburg, September 4, 2009 - The Management
Board of Klöckner & Co SE decided today with the consent of the
Supervisory Board to carry out a capital increase from authorized
capital. Klöckner & Co is raising new funds inter alia to resume its
acquisition strategy started after the public listing in 2006 and to
advance sectoral consolidation. The company had suspended its
expansion efforts when the global financial crisis deepened last
September in order to focus on cost-cutting and debt reduction and
safeguard its financial stability. Due to the Company´s fast,
rigorous response to the crisis, these measures have now largely been
completed. Although the financial crisis and its repercussions are
probably not yet behind us, Klöckner & Co aims to use crisis-related
opportunities to push its long-term growth. In addition, a recovery
of the economic situation will lead to higher working capital
requirements. In this process, the Company will not loosen its safety
net of healthy balance-sheet ratios and financing structure and will
expand its equity capital base accordingly.

The Company will increase its share capital by EUR 50,000,000 from
EUR 116,250,000 to EUR 166,250,000. The capital increase will be
effected through the issue of 20,000,000 no-par value shares with a
calculated pro rata share of the capital stock of EUR 2.50 per share
and full dividend entitlements as of January 1, 2009. The issue price
for the new shares amounts to EUR 10.00 per share, resulting in gross
issue proceeds of EUR 200 million. The underwriter banks have
guaranteed the placement at this price. Following the approval of the
securities prospectus by the German Federal Financial Supervisory
Authority (Bundesanstalt für Finanzdienstleistungsaufsicht)
anticipated on September 4, 2009, the new shares will be offered to
Klöckner & Co shareholders for subscription at a ratio of 7 : 3, i.e.
shareholders can subscribe three new shares for seven old shares.
Shareholders´ legal subscription rights were excluded for a residual
amount of 71,429 shares to ensure an even subscription ratio. The
subscription rights may be exercised during the period from September
8, 2009, through September 21, 2009. They will be traded in the
regulated market of the Frankfurt Stock Exchange during the period
from September 8, 2009, through September 17, 2009. It is expected
that the new Klöckner & Co shares will be included in the existing
listing of shares of Klöckner & Co on September 22, 2009. The capital
increase of Klöckner & Co is underwritten by a consortium of Deutsche
Bank and J.P. Morgan as well as ABN AMRO, Barclays Capital and
COMMERZBANK.

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
250 distribution locations by around 9,500 employees in 15 countries
in Europe and North America. During the financial year 2008, the
Company achieved sales of approximately EUR6.7 billion. The shares of
Klöckner & Co SE are admitted to trading on the regulated market
segment (Regulierter Markt) of the Frankfurt Stock Exchange
(Frankfurter Wertpapierbörse) with simultaneous admission to the
sub-segment to the regulated market with further post-admission
obligations (Prime Standard). Klöckner & Co shares are listed in the
MDax® Index of Deutsche Börse. ISIN: DE000KC01000; WKN: KC0100;
Common Code: 025808576.

Disclaimer NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA,
AUSTRALIA, JAPAN OR TO U.S. PERSONS This publication does not
constitute an offer to sell or the solicitation of an offer to
purchase the shares or any other securities of Klöckner & Co SE. Any
offering of shares will, subject to approval from the German Federal
Financial Supervisory Authority (Bundesanstalt für
Finanzdienstleistungsaufsicht), be made on the basis of a prospectus
yet to be published. This document is not an offer of securities for
sale or a solicitation of an offer to purchase shares or subscription
rights in the United States. The shares of Klöckner & Co SE (the
"Shares") and subscription rights in respect of Shares may not be
offered or sold in the United States or to or for the account or
benefit of U.S. persons (as such term is defined in Regulation S
under the U.S. Securities Act of 1933, as amended (the "Securities
Act")) unless registered under the Securities Act or pursuant to an
exemption from such registration. The Shares and subscription rights
in respect of Shares will not be registered under the Securities Act.

The subscription rights in respect of Shares may be exercised in the
United States only by qualified institutional buyers as defined in
and in reliance on Rule 144A under the Securities Act. Each person
located in the United States who exercises subscription rights will
be required to provide certain written representations and warranties
to this effect.

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 - 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

E-Mail: claudia.uhlendorf@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