Klöckner & Co: transformation into a European Company (SE) concluded

• Klöckner & Co AG is now known as Klöckner & Co SE

• Significant step in company’s history

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

companies/change of legal form

Duisburg (euro adhoc) - Duisburg, August 8, 2008 - With the entry
into the Commercial Register of the Duisburg Municipal Court today,
the transformation of Klöckner & Co Aktiengesellschaft into a
European Company (Societas Europaea, SE) was concluded. Thus, as of
August 8, 2008, the company is known as Klöckner & Co SE. "The legal
form of the SE is an expression of a modern, entrepreneurially
spirited Europe. For an international company like Klöckner & Co, it
represents a significant step in the company´s history," said Dr.
Thomas Ludwig, Chairman of the Management Board of Klöckner & Co SE.

The company´s headquarters will remain in Duisburg. The two-tier
system of Supervisory Board and Management Board will remain in
effect as well. The members of the AG´s Management Board and the AG´s
Supervisory Board, which will continue to have no employee
representatives, will also be members of the corresponding boards in
the SE. The elections for the new SE Works Council, which will
consist of up to 21 members from 14 EU countries, will be held soon.
No other changes will be made within the Group as a result of the
conversion.

With the conclusion of the transformation process, the shareholders
of Klöckner & Co AG have automatically become shareholders of
Klöckner & Co SE. The shares of Klöckner & Co SE will continue to be
listed on the stock markets where Klöckner & Co AG shares were
traded.

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 SE 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
--------------------------------------------------------------------------------

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