Klöckner & Co - High book profit through the sale of Koenig Verbindungstechnik AG, Switzerland

• Sales contract signed

• Strategic focus on core business

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companies/Sale

Duisburg (euro adhoc) - 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 the
private equity company Capvis. The sale price totals approximately
EUR325 million, resulting in a book profit after taxes of about
EUR265 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 generated sales of about
EUR120 million and earnings after taxes of around EUR20 million.
Among other things, the company for fastening systems and sealing
plugs sells self-clinching fasteners, riveting system, nuts as well
as high-pressure fasteners used particularly in automotive technology
for hydraulic applications.

"We are intensifying our focus on our core business in Europe just as
we are doing in North America. The funds generated by the sale of KVT
can be used to finance the expansion of Klöckner & Co," said 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