Klöckner & Co continues acquisitions in the UK

• British country operation takes over Multitube Ltd. in Brierley
Hill, West Midlands
• Acqusition strategy continues in fiscal year
2008

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merger, acquisition and takeover

Duisburg (euro adhoc) - Duisburg - January 23, 2008. Klöckner & Co AG
is continuing on its growth course in 2008. Klöckner UK Holdings
Ltd., the British country operation of Klöckner & Co AG, is taking
over the distribution company Multitube Ltd. which is headquartered
in Brierley Hill, West Midlands (UK). This is now the third
acquisition to be made in the UK over the last seven months.

Multitube specializes in distributing and processing welded tubes
that are used in many industrial sectors, such as the furniture
industry. In 2007, the company generated sales of around EUR5 million
with its 16 employees.

"This first acquisition in fiscal year 2008 enables Klöckner & Co to
further expand its very strong market position in the UK. Multitube
is a specialist in the distribution of tubes and thus excellently
complements the diversified range of its British country operation,"
explains Dr. Thomas Ludwig, CEO of Klöckner & Co AG.

Klöckner UK operates in steel and metal distribution in the UK under
the name ASD Metal Services. The company has 40 business units at
around 30 sites in the UK and employs approximately 1,200 employees.

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
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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: MDAX, CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade