euro adhoc: Klöckner & Co AG / other / Klöckner & Co Aktiengesellschaft / High book profit from sale of Koenig Verbindungstechnik AG, Switzerland

--------------------------------------------------------------------------------
Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
--------------------------------------------------------------------------------

Sales

21.07.2008

Duisburg, July 21, 2008 - Acting through its Swiss subsidiary
Debrunner Koenig Holding (DKH), Klöckner & Co AG has signed a
contract to sell Koenig Verbindungstechnik (KVT) to private equity
company Capvis. The sale price totals approximately EUR325 million,
resulting in a book profit after taxes of about EUR 265 million. The
transaction is subject to approval by the antitrust authorities.

KVT, a wholly owned subsidiary of DKH, is involved in the market of
fastening systems and sealing plugs, an area that is not part of the
core business of Klöckner & Co AG. The planned sale was announced in
the company´s report for the first quarter of 2008. KVT, which is
headquartered in Dietikon, Switzerland, has a workforce of about 300
people. In fiscal year 2007, it had sales of about EUR120 million and
earnings after taxes of around EUR20 million.

Funds generated by the sale of KVT can be used to finance the
expansion of Klöckner & Co. In the future, Klöckner & Co will
continue to intensify its focus on its core business of multi metal
distribution and vigorously expand this business.

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

Contact persons: Peter Ringsleben - Corporate Communications
Phone: +49-203-307-2800 E-mail: peter.ringsleben@kloeckner.de Claudia
Uhlendorf - Corporate Communications Phone: +49-203-307-2289 E-mail:
claudia.uhlendorf@kloeckner.de

Claudia Nickolaus, Investor Relations
Phone: +49-203-307-2050
E-Mail: claudia.nickolaus@kloeckner.de

end of announcement euro adhoc
--------------------------------------------------------------------------------

ots Originaltext: Klöckner & Co AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Legal Department

Helmut Geisen

Phone: +49(0)171 330 94 57

helmut.geisen@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