Klöckner & Co's free float now about 55 per cent

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Duisburg, October 24, 2006 - The free float of the international
distribution company Klöckner & Co AG has increased from 35 per cent
to a new level of around 55 per cent. The private equity investor
Lindsay Goldberg & Bessemer (LGB), until now the majority shareholder
in Klöckner & Co, today announced the release of some 20 per cent of
its 65 per cent shareholding in the company. This brings the free
float up to approximately the level aimed for in the course of the
IPO.

"We welcome this substantial increase of our free float; this makes
us an interesting candidate for admission into the MDAX of the
Frankfurt Stock Exchange," said the Chairman of the Board of
Management, Dr. Thomas Ludwig. Klöckner & Co AG was already admitted
into the SDAX index of the Frankfurt Stock Exchange two months after
its IPO on June 28, 2006.

About Klöckner & Co:

Klöckner & Co is the largest producer-independent steel and metal
distributor 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 200,000 active
customers are supplied through approximately 240 distribution
locations in 14 countries in Europe and North America. Klöckner & Co
was founded 100 years ago by Peter Klöckner. During the financial
year 2005, the company achieved sales of approximately EUR5 billion
with around 10,000 employees. The shares of Klöckner & Co
Aktiengesellschaft 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.

Contacts:
Peter Ringsleben, Claudia Uhlendorf - Corporate Communications

Klöckner & Co AG
Am Silberpalais 1
D - 47057 Duisburg

end of announcement euro adhoc 24.10.2006 14:09:43
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ots Originaltext: Klöckner & Co AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
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

Branche: Metal Goods & Engineering
ISIN: DE000KC01000
WKN: KC0100
Index: CDAX, Classic All Share, Prime All Share, SDAX
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade