Result negatively impacted by price declines in the third quarter • Sales growth remains intact

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finances/profit estimate

Duisburg (euro adhoc) - Duisburg, October 08, 2007 - On the basis of
its provisional figures, Klöckner & Co AG improved year-on-year sales
by roughly 15% to EUR4.75 billion in the first nine months of
financial year 2007. However, due to the unsatisfactory development
of certain steel prices in the third quarter, especially for
stainless steel, Klöckner & Co will post an EBITDA some 10% under the
figure of the previous year of EUR395 million in the 2007 financial
year, thus under the previous forecast.

While the volumes in Europe and North America remained satisfactory,
Klöckner & Co experienced increasing pressure on the gross margins in
the distribution of steel products during the third quarter. It was
particularly prices for stainless steel which developed negatively,
the result of a dramatic fall in the nickel price over the last few
months. This resulted in a major negative impact on gross margins for
stainless steel and a write-down on inventories as of September 30,
2007.

"Even if the development of steel and in particular the stainless
steel prices in the third quarter mean that we will not achieve our
original target for the current year, we will post the second best
result in the history of Klöckner & Co. The profitable growth track
remains intact", stated Dr. Thomas Ludwig, CEO of Klöckner & Co AG.

About Klöckner & Co AG:

Klöckner & Co is the largest independent producer and 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 200,000
active customers are supplied through approximately 250 distribution
locations in 15 countries in Europe and North America.

Klöckner & Co was founded more than 100 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. Klöckner & Co
shares have been listed in the MDax® Index of Deutsche Börse since
the end of January 2007.

Contact person:
Klöckner & Co AG
Am Silberpalais 1
47057 Duisburg, Germany

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

Claudia Nickolaus - Investor Relations

Claudia Nickolaus
Phone: +49-203-307-2050
Fax: +49-203-307-5025
eMail: claudia.nickolaus@kloeckner.de

end of announcement euro adhoc 08.10.2007 18:46:37
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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: 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