Klöckner & Co plans to sell its Canadian subsidiary Namasco Ltd.

• Spin-off of non-core activities • Strategic focus on core business
• Continued systematic expansion of the core business in North
America

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Duisburg (euro adhoc) - Duisburg, December 3, 2007 - Klöckner & Co
Aktiengesellschaft intends to sell its Canadian subsidiary Namasco
Ltd. The company today instructed an investment bank to start the
sale process.

Namasco Ltd. is headquartered in Burlington, Canada. The company has
approximately 400 employees and generated sales of around EUR 293
million in the 2006 financial year. It operates primarily in the area
of processing flat rolled metal products for the North American
automotive industry. Due to structural changes in this industry and
the market trend over the past few years, this business could only be
expected to perform well for the company if the relevant services
were expanded to the US. However, the core business of the Klöckner &
Co Group does not include activities of this nature with automotive
related customers.

In the future, Klöckner & Co will continue to focus on its core
business in North America, the distribution of steel and metal, and
systematically expand the business. "Along with the planned sale of
the Canadian subsidiary, we will further advance the expansion of our
North American activities in steel and metal distribution. We have
already acquired three steel and metal distributors based in North
America this year with Primary Steel, Premier Steel und Scan Steel
and have thus extended our market share in the North American market
significantly," explains Dr. Thomas Ludwig, CEO of Klöckner & Co AG.

With just under 30 sites in the US, Namasco Corporation, Klöckner´s
US country operation headquartered in Atlanta, provides Klöckner & Co
with an excellent base for further expanding its North American
business. Thanks to the acquisitions it made in 2007, the Namasco
Corporation has risen to become one of the top ten North American
steel and metal distributors. Together with the companies acquired,
Namasco Corporation accounts for around 17% of the total sales of the
Klöckner & Co Group.

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. Klöckner & Co
shares have been listed in the MDax® Index of Deutsche Börse since
the end of January 2007.

Contact persons:
Klöckner & Co AG
Am Silberpalais 1
47057 Duisburg, Germany

Peter Ringsleben, Claudia Uhlendorf - Corporate Communications
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

Claudia Nickolaus - Investor Relations

Claudia Nickolaus
Phone: +49-203-307-2050
Fax: +49-203-307-5025
E-Mail: claudia.nickolaus@kloeckner.de

end of announcement euro adhoc 03.12.2007 14:12:55
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ots Originaltext: Klöckner & Co AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Claudia Uhlendorf
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 / regulated dealing/prime standard
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