euro adhoc: Klöckner & Co AG / other / Ad hoc announcement pursuant to Sec. 15 WpHG (German Securities Trading Act), dated September 20, 2007 Klöckner & Co AG plans to transform into a European Compan

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
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Company Information

20.09.2007

Duisburg, September 20, 2007 - The Supervisory Board and the Board of
Management of Klöckner & Co AG have resolved to propose a
transformation from an Aktiengesellschaft (AG - German stock
corporation) into a European public limited-liability company (SE -
Societas Europaea) at the Company´s Annual General Meeting next year.

The intended legal form reflects the international position and
orientation of the Klöckner & Co Group: Klöckner & Co is represented
in 15 countries with over 250 locations and generated roughly 75% of
its sales outside of Germany in the first half of 2007. Including
Germany, approximately 85% of the total sales was generated in
Europe. The primary objective of the transformation into an SE is to
evolve the historically grown, country-oriented organization into a
European organization, and thus better and more efficiently utilize
the possibilities of the common market than has been done up till
now.

The Company´s headquarters will remain in Duisburg, Germany. Besides,
no further changes within the group are associated with the
transformation. The two-tier model of a supervisory board and a board
of management shall be continued. Preparations for the formation of a
special negotiating body - responsible for the negotiations
concerning the future involvement of employees in the SE - have
begun. The objective is to conclude the negotiations before the next
Annual General Meeting.

Issuer: Klöckner & Co Aktiengesellschaft, Am Silberpalais 1, D 47057
Duisburg ISIN: DE000KC01000; WKN: KCO0100 Listed: Amtlicher Markt /
Prime Standard; Frankfurter Wertpapierbörse Further information can
be obtained on the webpage of Klöckner & Co: www.kloeckner.de

end of announcement euro adhoc 20.09.2007 12:32:24
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ots Originaltext: Klöckner & Co AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Helmut Geisen
Telefon: +49(0)203-307-2007
E-Mail: helmut.geisen@kloeckner.de

Branche: Metal Goods & Engineering
ISIN: DE000KC01000
WKN: KC0100
Index: CDAX, Classic All Share, Prime All Share, MDAX
Börsen: Börse Frankfurt / official dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade