Acquisition of Primary Steel LLC in USA

• Latest acquisition, Primary Steel, increases sales in USA by over
60 percent

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merger, acquisition and takeover

Duisburg (euro adhoc) - Duisburg, April 13, 2007 - The Namasco
Corporation with headquarters in Atlanta, Georgia, USA, a country
operation of Klöckner & Co Aktiengesellschaft, has signed a contract
for acquisition of the distribution company Primary Steel LLC, whose
headquarters are in Middletown, Connecticut, USA. The takeover is
still subject to approval by the US Antitrust Division.

Primary Steel LLC is a steel distribution company with seven branches
in North America. The enterprise is specialized in the distribution
and pre-processing of flat steel products, particularly plates.
Primary Steel LLC has around 412 employees and achieved sales of $467
million in 2006. The main customers of the distribution company are
smaller distributors and sectors including manufacturers of
heavy-duty construction machinery (building cranes and excavators),
the energy industry, structural steel engineering, railway car
production, shipbuilding, etc.

"We are extremely pleased about the addition of Primary Steel. The
acquisition of this company will result in an increase in sales of
the Klöckner & Co Group in the USA of over 60 percent. The addition
of Primary Steel to the existing operations of Klöckner & Co expands
the company’s geographic market area throughout the US. The
acquisition represents consistent continuation of Klöckner & Co’s
growth strategy through the acquisition of large companies," states
Dr. Thomas Ludwig, Chairman of the Board of Management of Klöckner &
Co AG.

Through Primary Steel’s activities Klöckner & Co’s US subsidiary
Namasco Corporation gains a strong position on the US market for
plates. Currently Namasco Corporation, with headquarters in Atlanta,
Georgia, has over 17 branches in the USA.

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 more than100 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.

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 13.04.2007 22:56:42
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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, MDAX
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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