Klöckner & Co AG acquires majority in Metalsnab Holding AD, a Bulgarian steel and metal distributor

• Klöckner & Co to hold 77.3 percent stake in Metalsnab Holding AD,
Bulgaria • Assumption of a major market position in Bulgaria

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merger, acquisition and takeover

Duisburg (euro adhoc) - Duisburg, August 17, 2007 - Klöckner & Co
Aktiengesellschaft has acquired the majority in the distribution
company Metalsnab Holding AD, based in Sofia, Bulgaria, thus
obtaining a major market position in the area of steel and metal
distribution in Bulgaria. "Bulgaria is a growing, very interesting
market in Eastern Europe. The acquisition of the majority holding in
Metalsnab Holding is thus an important step in advancing our
activities in Eastern Europe," stated Dr. Thomas Ludwig, CEO at
Klöckner & Co AG.

Klöckner & Co AG signed an agreement to buy 70 percent of the shares
in Metalsnab Holding AD, Bulgaria. Klöckner & Co AG already holds a
further 7.3 percent stake. Thus Klöckner & Co will hold 77.3 percent
of the shares in the distribution company Metalsnab Holding. The
remaining shares stay with the original shareholders. The acquisition
is subject to approval from the Bulgarian anti-trust authorities.

In 2006, the steel and metal distributor, Metalsnab Holding,
generated sales of EUR 36 million with some 250 employees. Important
product groups of the distribution company are long products, flat
steel and tubes. The company is headquartered in Sofia, with seven
operative warehouses across Bulgaria covering the important
industrial locations of the country. The company´s main customers are
the construction industry, machinery and mechanical engineering.

About Klöckner & Co AG: Klöckner & Co is the largest independent
producer and 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 200,000 active customers are supplied
through approximately 250 distribution locations in 15 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. Since the end of
January 2007, Klöckner & Co shares are included in the Deutsche Börse
MDAX® Index.

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 17.08.2007 17:33:32
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ots Originaltext: Klöckner & Co AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Claudia Uhlendorf
Public Relations
Telefon: +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, MDAX
Börsen: Börse Frankfurt / official dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade