Sale of Canadian subsidiary Namasco Ltd. concluded

• Announced transaction is completed

• Intensified focus on core business

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companies/Sale

Duisburg (euro adhoc) - Duisburg - July 9, 2008 - Klöckner & Co
concluded the sale of its Canadian subsidiary Namasco Ltd. to Samuel,
Son & Co. Ltd. yesterday. The sale has been approved by Canadian
antitrust officials.

The primary business of Namasco Ltd. is processing flat-rolled metal
products for the North American automotive industry. The focus on
OEM-accounts in automotive is not one of the core businesses at
Klöckner & Co Group.

"By divesting ourselves of Namasco Ltd., we are focusing on our
strengths. Particularly since we acquired the U.S. companies Primary
Steel and Temtco Steel, we have become one of the leading providers
of high-quality heavy plates in North America," says Dr. Thomas
Ludwig, CEO of Klöckner & Co AG.

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.

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

Further inquiry note:

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

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
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade