Klöckner & Co strengthens position in USA

• Purchase of steel distribution company Action Steel concluded
• Consistent continuation of growth strategy

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Klöckner & Co strengthens position in USA

• Purchase of steel distribution company Action Steel concluded
• Consistent continuation of growth strategy

Duisburg, October 2, 2006 - Klöckner & Co Aktiengesellschaft
concluded the purchase of the distribution company Action Steel with
headquarters in Indianapolis, Indiana, USA today. Through this
acquisition Klöckner & Co expands its activities on the North
American market.

Action Steel is a steel distribution company in the Midwest of the US
with locations in Indianapolis, Indiana and Louisville, Illinois.
Action Steel’s product portfolio primarily encompasses steel bar and
structurals, steel pipe and tubing and flat rolled sheet and plate.
With this market base the company has a similar alignment as Namasco
Corporation, the North American subsidiary of Klöckner & Co AG. After
the takeover of Action Steel Namasco with Corporate Offices in
Atlanta, Georgia, will have over 18 branches in the US.

Action Steel has approximately 110 employees and a sales volume of
$70 million in 2005. The range of services offered by Action Steel
includes plasma burning, shearing and sawing as well as other
machining operations.

"This acquisition is a successful step in the expansion of our market
position in North America and a consistent continuation of our growth
strategy. Based on its portfolio, Action Steel fits in ideally with
our North American subsidiary Namasco Corporation and with its
locations in Indiana and Illinois enlarges our radius of activity in
the USA," states the CEO, Dr. Thomas Ludwig.

About Klöckner & Co:

Klöckner & Co is the largest producer-independent steel and metal
distributor 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 240 distribution
locations in 14 countries in Europe and North America. Klöckner & Co
was founded 100 years ago by Peter Klöckner. During the financial
year 2005, the company achieved sales of approximately EUR5 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.

Contacts:
Peter Ringsleben, Claudia Uhlendorf - Corporate Communications

Klöckner & Co AG
Am Silberpalais 1
D - 47057 Duisburg

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

end of announcement euro adhoc 02.10.2006 18:06:17
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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: DE000KC01000
WKN: KC0100
Index: CDAX, Classic All Share, Prime All Share, SDAX
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
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