EANS-Adhoc: Klöckner & Co SE decides on capital increase with a volume of approximately EUR 527 million

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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26.05.2011

Duisburg, May 26, 2011 - The Management Board of Klöckner & Co SE,
with the consent of the Supervisory Board, decided today to carry out
a capital increase from authorized capital. The Company´s share
capital is to be increased by EUR 83,125,000 from EUR 166,250,000 to
EUR 249,375,000. The capital increase will be effected through the
issue of 33,250,000 no-par value shares with a calculated pro rata
share of the capital stock of EUR 2.50 per share and full dividend
entitlement as of January 1, 2011.

The issue price for the new shares amounts to EUR 15.85 per share,
resulting in gross issue proceeds of approximately EUR 527 million.
Klöckner & Co intends to use the proceeds of the offering, together
with its current cash and future cash flow from operations, primarily
to continue to pursue investment opportunities in its business, and
for general corporate purposes. The Company expects investment
opportunities to include acquisitions of other metal distributors and
steel service centers, with the goal of expanding the customer base
and regional product portfolios in existing and new markets.
Following the approval of the securities prospectus by the German
Federal Financial Supervisory Authority (Bundesanstalt für
Finanzdienstleistungsaufsicht), which is expected for today, the new
shares will be offered to Klöckner & Co shareholders for subscription
at a ratio of 2 : 1; i.e. for 1 old share shareholders receive 1
subscription right. 2 subscription rights entitle a holder to
subscribe for 1 new share. The subscription rights may be exercised
during the period from May 27, 2011, through June 9, 2011. They will
be traded in the regulated market of the Frankfurt Stock Exchange
during the period from May 27, 2011, through June 7, 2011.

*****

Disclaimer

This announcement 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 such 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 securities in the United States. The shares of Klöckner & Co
SE (the "Shares") and subscription rights in respect of the Shares
may not be offered or sold in the United States absent registration
under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), or pursuant to an applicable exemption from such registration.
The Shares and subscription rights in respect of the Shares have not
been and will not be registered under the Securities Act. The
subscription rights in respect of the 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. *****

Issuer: Klöckner & Co SE, Am Silberpalais 1, D 47057 Duisburg ISIN:
DE000KC01000; WKN: KCO0100, Common Code: 025808576. Listed:
Regulierter Markt / Prime Standard; Frankfurter Wertpapierbörse
Further information can be obtained on the webpage of Klöckner & Co:
www.kloeckner.de

end of announcement euro adhoc
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issuer: Klöckner & Co SE
Am Silberpalais 1
D-47057 Duisburg
phone: +49(0)203-307-0
FAX: +49(0)203-307-5000
mail: info@kloeckner.de
WWW: http://www.kloeckner.de
sector: Metal Goods & Engineering
ISIN: DE000KC01000
indexes: CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English

ots Originaltext: Klöckner & Co SE
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Dr. Thilo Theilen
Leiter Investor Relations
Telefon: +49 (0)203 307 2050
E-Mail: thilo.theilen@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