EANS-Adhoc: Salzgitter AG - Realignment of the Group structure

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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Realignment of the Group structure

30.11.2011

The Executive Board of Salzgitter AG took the decision on November
30, 2011 to realign the Group's structure under company law,
effective January 1, 2012.

Under the current structure the profit and loss generated by the
individual domestic Group companies can only be offset to a limited
extent and would result in sizable tax disadvantages to the Group in
the coming years. These disadvantages can be avoided by combining all
material domestic Group companies into one uniform group for tax
purposes. To this end, former Klöckner-Werke AG (a wholly-owned group
company of Salzgitter AG), now renamed as Salzgitter Klöckner-Werke
GmbH, will take over all material domestic participations, held up
until now by Salzgitter Mannesmann GmbH, as well as the Group's
financial clearing. There will be no changes to the management
structure of the Group.

As a result of this restructuring, the profit after tax disclosed in
the 2011 consolidated financial statements will be around
approximately EUR 100 million higher based on the standards currently
prevailing under IFRS. This measure will not affect the current
forecast under which the Salzgitter Group anticipates earnings before
tax of around EUR 200 million in the financial year 2011.

The changes to the structure are subject to approval by the
Supervisory Board of Salzgitter AG, which will make a decision on
December 15, 2011.

Disclaimer: Some of the statements made in this report possess the
character of forecasts or may be interpreted as such. They are made
to the best of knowledge and belief, and by their nature are subject
to the proviso that no unforeseeable deterioration occurs in the
economy or in the specific market conditions pertaining to the
companies of the various divisions, but rather that the underlying
bases of plans and outlooks prove to be accurate as expected in terms
of their scope and timing. The company undertakes no obligation to
update any forward-looking statements.

Further inquiry note:
Bernhard Kleinermann
+49 (0) 5341/21-1852
ir@salzgitter-ag.de

end of announcement euro adhoc
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issuer: Salzgitter AG
Eisenhüttenstraße 99
D-38239 Salzgitter
phone: +49 (0) 5341-21-3783
mail: info@salzgitter-ag.de
WWW: http://www.salzgitter-ag.de
sector: Iron & Steel
ISIN: DE0006202005
indexes: Midcap Market Index, MDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, Hannover, München
language: English