German country operation of Klöckner & Co AG expands in Southern Germany

• Three acquisitions in Germany
• Strengthening the market position in Southern Germany

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merger, acquisition and takeover

Duisburg (euro adhoc) - Duisburg, 11 May 2007 - After significantly
strengthening its position in North America through the purchase of
Primary Steel, Klöckner & Co AG is systematically advancing its
expansion of the European business. Following successful
restructuring, the German Klöckner & Co company, Klöckner Stahl- und
Metallhandel GmbH, has concluded contracts for the acquisition of
three distribution companies in Southern Germany. These companies
are the Edelstahlservice Verkaufsgesellschaft mbH in Frankfurt am
Main as well as the steel distribution of Max Carl GmbH & Co KG in
Coburg and the steel distribution of Zweygart Fachhandelsgruppe GmbH
& Co. KG in Stuttgart.

Edelstahlservice Verkaufsgesellschaft mbH, with headquarters in
Frankfurt am Main and a subsidiary in Hungary, is specialized in
steel processing and stainless steel trade for the chemical industry.
Together with its subsidiary Edelstahlservice Mágocs
Nemesacélfeldolgozó Kft,Hungary, the company employs 49 persons and
generated sales of EUR16.7 million in 2006.

Max Carl Stahlhandel registered in Coburg achieved sales of EUR15.0
million in 2006 with 19 employees. The distribution company - a
former division of Max Carl GmbH & Co KG - offers a full range of
steel and metal products.

Zweygart Stahlhandel, registered in Ehningen, southwest of Stuttgart,
is also a distributor of steel and metals and has a diversified
customer topology in Baden-Württemberg. The company - a former
division of Zweygart Fachhandelsgruppe GmbH & Co. KG - employs 22
persons and generated sales of EUR11.3 million in the 2005/2006
fiscal year.

"These companies perfectly strengthen our market position in Southern
Germany, and through the location in Hungary, we have also expanded
our business activity in Eastern Europe. We have thus already
purchased six companies in the first five months of the year and have
made significant progress in achieving our target of taking over 10
to 12 distributors in the 2007 fiscal year", explains Dr. Thomas
Ludwig, CEO of Klöckner & Co AG.

The German Klöckner & Co subsidiary, Klöckner Stahl- und Metallhandel
GmbH (KSM), is headquartered in Duisburg. KSM currently employs
around 1,600 persons and has 19 locations in Germany.

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 more than 100 years ago by Peter Klöckner.
During the financial year 2006, the company achieved sales of
approximately EUR5.5 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

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

end of announcement euro adhoc 11.05.2007 15:10:26
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ots Originaltext: Klöckner & Co AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Nadine Hagemus
Telefon: +49(0)203-307-2288
E-Mail: nadine.hagemus@kloeckner.de

Branche: Metal Goods & Engineering
ISIN: DE000KC01000
WKN: KC0100
Index: CDAX, Classic All Share, Prime All Share, MDAX
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