EANS-Adhoc: Salzgitter AG / The Salzgitter Group adjusts its annual forecast in line with the provisional 9-months figures

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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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05.11.2012

According to the key data now available for the interim accounts for
the first nine months of the financial year 2012, the Salzgitter
Group will record negative earnings before tax (EBT) of around EUR
-25 million in the third quarter (Q3 2011: EBT EUR +39.2 million).
This development is mainly attributable to unsatisfactory results in
the Steel Division. The results achieved by the other divisions are
in line with expectations.

The Group will therefore close the 9-months period of 2012 with a
pre-tax loss of around EUR -43 million (9 months 2011: EBT EUR +169.1
million).

Consolidated external sales climbed by 9 % to EUR 8.0 billion in the
reporting period (9 months 2011: EUR 7.3 billion).

Along with the ailing European steel market impacted by the general
economic climate, the business activities of German steel processors
and traders have also recently lost momentum. As, therefore, a
seasonal recovery of the steel market has failed to materialize in
the second half of the year, it has so far not been possible to
implement the price increases urgently required in the face of the
persistently high raw materials and energy costs.

Given these framework conditions, we see the need to adjust the
forecast for the year as a whole and now anticipate a pre-tax result
around breakeven.

More detailed information can be found in the press release and the
Interim Report on the first nine months of the current financial
year, both of which will be released on November 14, 2012.

Disclaimer: Some of the statements made in this report possess the
character of forecasts or may be interpreted as such. They are made
upon the best of information and belief and by their nature are
subject to the proviso that no unforeseeable deterioration occurs in
the economy or in the specific market situation pertaining to the
division companies, but rather that the underlying bases of plans and
outlooks prove to be accurate as expected in terms of their scope and
timing. The company undertakes no obligation to update any
forward-looking statements.

Further inquiry note:
Markus Heidler
Deputy Head of Investor Relations
+49 (0) 5341/21-6105
heidler.m@salzgitter-ag.de

end of announcement euro adhoc
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issuer: Salzgitter AG
Eisenhüttenstraße 99
D-38239 Salzgitter
phone: +49 (0) 5341-21-3783
mail: info@salzgitter-ag.de
WWW: http://www.salzgitter-ag.de
sector: Iron & Steel
ISIN: DE0006202005
indexes: Midcap Market Index, MDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf,
Stuttgart, regulated dealing/prime standard: Frankfurt
language: English