euro adhoc: Klöckner & Co AG / Strategic management decisions / Klöckner & Co Aktiengesellschaft / Sale of subsidiary B.V. Aluminium Verkoop Zuid (AVZ), Netherlands Disposal of non-core assets Strate

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Disclosure announcement transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
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03.07.2006

Ad hoc announcement pursuant to Sec. 15 WpHG (German Securities
Trading Act) dated 3 July 2006

Klöckner & Co Aktiengesellschaft / Sale of subsidiary B.V. Aluminium
Verkoop Zuid (AVZ), Netherlands

Disposal of non-core assets
Strategic focus on core business activities

Duisburg, 3 July 2006 - Today, an affiliate of Klöckner & Co
Aktiengesellschaft has entered into an agreement for the sale of its
interest in AVZ in the Netherlands with CRH Niederland B.V., which is
part of the CRH plc. Group, Dublin.

AVZ is responsible for the sun protection products in the Klöckner &
Co group. By disposing of this non-core business activity, Klöckner &
Co Aktiengesellschaft is consistently focussing on its core business.
The indebtedness of the Klöckner & Co group can be further reduced by
using the sale proceeds.

AVZ is active in the business sectors of "outdoor sun
protection/blinds" and has approx. 150 employees. In the financial
year 2005, the revenues of AVZ amounted to EUR 54 million.

Klöckner & Co Aktiengesellschaft had already announced that it would
realize up to EUR 110 million in the financial year 2006 from
dispositions that are not essential to its core business, including
the sale of interests in the Netherlands. The sale of AVZ was
realized faster than anticipated. By selling assets that are not
essential to its core business and as a result of the capital
increase in connection with the initial public offering, Klöckner &
Co Aktiengesellschaft has already realized nearly EUR 180 million in
cash during the financial year 2006. Klöckner & Co Aktiengesellschaft
intends to use these proceeds to further reduce its indebtedness.

The shares in 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) of the
official market with further post-admission obligations. ISIN:
DE000KC01000; WKN: KC0100; Common Code: 025808576.

end of announcement euro adhoc 03.07.2006 20:29:16
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ots Originaltext: Klöckner & Co AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Claudia Uhlendorf
Public Relations
Telefon: +49(0)203-307-2289
E-Mail: claudia.uhlendorf@kloeckner.de

Branche: Metal Goods & Engineering
ISIN: DE000KCO1000
WKN: KCO100
Index: CDAX
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade


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