EANS-News: Klöckner & Co SE / Klöckner & Co substitutes Luxembourg Issuer

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Contracts

Duisburg (euro adhoc) - Duisburg, December 4, 2009 - The Management
Board of Klöckner & Co SE ("Klöckner & Co") announces the
substitution of the Luxembourg issuer of the EUR 325 million
convertible bond issued in July 2007 and due 2012 (ISIN DE000A0N0J03,
WKN A0N0J0, Common Code 031294827). Pursuant to § 15 of the terms and
conditions of the bonds, the original issuer Klöckner & Co Finance
International S.A., Luxembourg, is substituted by Klöckner & Co
Financial Services S.A., also Luxembourg. The substitute issuer,
which is a wholly-owned subsidiary of Klöckner & Co SE as well, has
issued in June 2009 the EUR 97.9 million convertible bond due 2014.
The reason for the substitution is the optimization of the financing
structure and the reduction of administration costs. No further
changes follow from such substitution; in particular, all rights of
the bondholders and the guarantee of Klöckner & Co for the bonds
remain substantively unchanged.

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 9,200 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.

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

Further inquiry note:

Dr. Thilo Theilen - Head of Investor Relations & Corporate Communications

Phone: +49-(0)203-307-2050

E-Mail: thilo.theilen@kloeckner.de

Claudia Uhlendorf - Spokesperson

Phone: +49-(0)203-307-2289

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