Klöckner & Co SE holds close to 100 percent of the shares in Klöckner Metalsnab Holding AD, Bulgaria

• Klöckner & Co SE raises its stake to 99.9 percent

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investments

Duisburg (euro adhoc) - Duisburg, September 23, 2008 - Having already
raised its stake in Klöckner Metalsnab above 77 percent at the start
of the year, Klöckner & Co has acquired additional shares and now
holds 99.9 percent of the shares in the Bulgarian steel and metal
distributor Klöckner Metalsnab Holding AD.

The nearly full takeover of Sofia-based Klöckner Metalsnab allows
Klöckner & Co to continue to strengthen its market position in
Eastern Europe. "This move represents an important step in our
efforts to advance our activities in Eastern Europe," notes Dr.
Thomas Ludwig, Chairman of the Management Board of Klöckner & Co SE.

The steel and metal distributor Klöckner Metalsnab generated sales of
about EUR37 million with about 260 employees in 2007. The company´s
key product groups include long products, flat steel and tubes. The
company has its headquarters in Sofia; seven distribution centers
across Bulgaria cover the country´s key industrial locations. The
construction industry and the mechanical and plant engineering sector
are the company´s main customers.

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 SE 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.

end of announcement euro adhoc
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ots Originaltext: Klöckner & Co SE
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

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

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