SALZGITTER AG: Salzgitter takes over 78 % of the Klöckner-Werke shares, thus raising its stake to 83 %

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merger, acquisition and takeover

Salzgitter (euro adhoc) - Upon fulfillment of the mandatory
requirements, particularly approval of the takeover by the EU
Commission, Salzgitter AG is to take over another 78 % of the shares
of Klöckner-Werke AG on 5 July 2007. Together with the 5 % stake
acquired prior to this date, the Salzgitter AG will hold 83 % of the
share capital. Salzgitter AG is pleased to have the opportunity of
actively supporting the strategic and operational development of the
Klöckner Werke Group in its capacity of a financially strong
industrial majority shareholder.

From this date onwards, the companies of the Klöckner-Werke Group
will be included in the financial statements of Salzgitter AG.
Klöckner-Werke AG will form the nucleus of the new Technology
Division, alongside the Group´s already existing divisions of Steel,
Tubes, Trading and Services.

For the remaining shares in free float, a voluntary public offer to
buy the shares for EUR 15 per share (corresponds to a pro-rata amount
of the share capital of EUR 5.12) in cash was made on April 30, 2007.
The deadline for acceptance of this offer will expire on midnight
Monday, July 9, 2007 (detailed information can be found in the
bidding documentation under www.salzgitter-ag.de).

Klöckner-Werke AG is an industrial holding with subsidiaries which
operate worldwide. The mainstay of its business operations is the
Dortmund-based KHS AG which ranks among the global leaders of
industrial filling and packaging systems for beverages. Other
activities include the construction of plastic processing machines as
well as food process technology. Klöckner-Werke Group has a workforce
of around 5,500 employees worldwide. In the financial year 2006, the
company generated sales in excess of EUR 870 million.

end of announcement euro adhoc 05.07.2007 16:30:00
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ots Originaltext: Salzgitter AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Bernhard Kleinermann
Tel.: +49 (0) 5341-21-3783
E-Mail: kleinermann.b@salzgitter-ag.de

Branche: Iron & Steel
ISIN: DE0006202005
WKN: 620200
Index: MDAX, CDAX, HDAX, Midcap Market Index, Classic All Share,
Prime All Share
Börsen: Börse Frankfurt / official dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade
Börse Hannover / official dealing