Very sound start into the financial year 2008

• Sales volumes and sales up considerably

• Earnings improvement of over 18%

• Continuation of expansion strategy and focus on the core business

• Positive outlook on financial year 2008

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Duisburg (euro adhoc) - Duisburg - May 15, 2008 - In the first
quarter of 2008, the Klöckner & Co Group improved its sales volume by
5.6%, supported by its successful acquisition strategy, and boosted
its sales by 7.1% against the first quarter of the previous year. The
operating result (EBITDA) was improved by 18.3% to EUR 109 million in
the same period and the consolidated net profit for the period by
12.4% to EUR 52 million. The Group, which is excellently positioned
in Europe and North America, benefited from the ongoing good demand
situation and the favorable price and margin trend against the end of
2007.

As a result of the acquisitions of Multitubes in Great Britain and
especially Temtco Steel in the USA, the expansion strategy was
successfully continued. As part of the further focus on the core
business, the agreement to sale the Canadian subsidiary Namasco
Limited to the Canadian company, Samuel, Son & Co. Ltd., was signed
on May 14, 2008. The acquisition is still subject to the approval of
the Canadian antitrust authorities. Following the full takeover of
the Swiss country operation, Klöckner & Co is currently examining the
disposal of one of its Swiss subsidiaries, Koenig Verbindungstechnik
(KVT), whose products (fastening technology and Koenig sealing plugs)
are not part of the core business at Klöckner & Co. The company
generated sales of around EUR 120 million in financial year 2007.

"By selling the Canadian subsidiary, which mainly operates in the
automotive sector, and purchasing Temtco Steel, which specializes in
plates, we have substantially expanded our product portfolio in North
America in faster-growing areas with a high share of preprocessing.
By selling KVT, we would be continuing to concentrate on our core
business and freeing up additional funds for further expansion,"
explains Dr. Thomas Ludwig, CEO of Klöckner & Co AG.

The good first quarter and the unchanged bright prospects for the
second quarter form a solid foundation for further earnings growth in
the current financial year. "We are very satisfied with our start in
the financial year 2008. The expansion driven by acquisitions, the
continuous optimization of the company and the sound demand and price
development have all had a significantly positive effect. We expect
earnings growth in the second quarter to be even better due to the
sharp increases in prices for steel products and the integration of
Temtco Steel. We also anticipate that the sound demand and price
development will continue throughout the rest of the year and expect
net profit for 2008 that is substantially higher than the previous
year´s level," adds Dr. Thomas Ludwig.

About Klöckner & Co: Klöckner & Co is the largest
producer-independent 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 210,000 active customers are supplied
through more than 260 distribution locations in 15 countries in
Europe and North America. During the financial year 2007, the Company
achieved sales of approximately EUR6.3 billion with more than 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 are listed in the MDax® Index of Deutsche Börse.

Contact persons:
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
Phone: +49-203-307-2050
Fax: +49-203-307-5025
E-Mail: claudia.nickolaus@kloeckner.de

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

Further inquiry note:

Claudia Uhlendorf

Telefon: +49(0)203-307-2289

E-Mail: claudia.uhlendorf@kloeckner.de

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