KLÖCKNER & CO SE DECIDES ON CAPITAL INCREASE WITH A VOLUME OF EUR 200 MILLION

The Management Board of Klöckner & Co SE has, with the consent of the Supervisory Board, decided today to carry out a capital increase from authorized capital. The Company’s share capital is to be increased by EUR 50,000,000 from EUR 116,250,000 to EUR 166,250,000. The capital increase will be effected through the issue of 20,000,000 no-par value shares with a calculated pro rata share of the capital stock of EUR 2.50 per share and full dividend entitlement as of January 1, 2009.

The issue price for the new shares amounts to EUR 10.00 per share, resulting in gross issue proceeds of about EUR 200 million.
Klöckner & Co plans to use the issue proceeds to reinitiate acquisitions once the economic situation improves and to cover higher working capital requirements resulting from such a recovery, both without markedly increasing its debt position.
Following the approval of the securities prospectus by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) anticipated on September 4, 2009, the new shares will be offered to Klöckner & Co shareholders for subscription at a ratio of 7 : 3; i.e. for 7 old shares shareholders can subscribe for 3 new shares. Shareholders‘ statutory subscription rights are excluded for a residual amount of 71,429 shares to ensure an even subscription ratio.
The subscription rights may be exercised during the period from September 8, 2009, through September 21, 2009. They will be traded in the regulated market of the Frankfurt Stock Exchange during the period from September 8, 2009, through September 17, 2009.

Disclaimer
NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR TO U.S. PERSONS
This publication does not constitute an offer to sell or the solicitation of an offer to purchase the shares or any other securities of Klöckner & Co SE. Any offering of shares will, subject to approval from the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht), be made on the basis of a prospectus yet to be published.
This document is not an offer of securities for sale or a solicitation of an offer to purchase shares or subscription rights in the United States. The shares of Klöckner & Co SE (the "Shares") and subscription rights in respect of Shares may not be offered or sold in the United States or to or for the account or benefit of U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act")) unless registered under the Securities Act or pursuant to an exemption from such registration. The Shares and subscription rights in respect of Shares will not be registered under the Securities Act.
The subscription rights in respect of Shares may be exercised in the United States only by qualified institutional buyers as defined in and in reliance on Rule 144A under the Securities Act. Each person located in the United States who exercises subscription rights will be required to provide certain written representations and warranties to this effect