Klöckner & Co: Second Annual General Meeting since IPO

• Forecast for current fiscal year to be raised

• Conversion into European company (SE)

• Stable dividend

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stock market/Annual General Meeting

Duisburg (euro adhoc) - Duisburg, June 20, 2008 - At today´s Annual
General Meeting of Klöckner & Co AG, the Chairman of the Management
Board, Dr. Thomas Ludwig, will raise the company´s business forecast
for the current fiscal year: Klöckner & Co projects at least 10
percent higher sales for the entire year of 2008 compared with the
previous year. EBITDA is forecasted to exceed current market
expectations of about EUR 470 million, with a substantial increase in
net profit for the period. Aside from favorable market developments
and massive price increases, this success can be attributed to the
company´s business strategy. "Our strategy based on acquisitions,
organic growth and business process optimization through the STAR
program will remain the focus of our activities in 2008. As a result,
it will contribute to the continued improvement of our business
results," Dr. Thomas Ludwig said.

At the Annual General Meeting, the Management and Supervisory Boards
will present resolutions on important issues to stockholders,
including the conversion of the company into a European company (SE)
and the company´s dividend disbursement. "The conversion into an SE
marks another step in our company´s evolution into a European
organization. The legal form of SE underscores the special
significance of the European market for the Klöckner & Co Group and
is an expression of a modern, entrepreneurial Europe," Dr. Thomas
Ludwig noted.

The company will propose a dividend payment of 80 euro cents per
share to the Annual General Meeting. The size of the dividend
corresponds to a payout ratio of 30 percent of the consolidated net
profit allocable to shareholders of Klöckner & Co AG after special
effects. "Klöckner & Co´s commitment to maintain this dividend policy
in the future is a testament to the company´s payout continuity and
also makes its share an attractive investment in terms of dividend
yield," Dr. Thomas Ludwig said.

About Klöckner & Co: Klöckner & Co is the largest
producer-independent 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 210,000 active customers are supplied
through more than 260 distribution locations in 15 countries in
Europe and North America. During the financial year 2007, the Company
achieved sales of approximately EUR6.3 billion with more than 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 are listed in the MDax® Index of Deutsche Börse.

Contact persons:
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
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

Phone: +49-203-307-2289

Fax: +49-203-307-5103

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