Salzgitter AG

EANS-Adhoc: Salzgitter AG - Realignment of the Group structure

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  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
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Realignment of the Group structure

30.11.2011

The Executive Board of Salzgitter AG took the decision on November 30, 2011 to
realign the Group's structure under company law, effective January 1, 2012.

Under the current structure the profit and loss generated by the individual
domestic Group companies can only be offset to a limited extent and would result
in sizable tax disadvantages to the Group in the coming years. These
disadvantages can be avoided by combining all material domestic Group companies
into one uniform group for tax purposes. To this end, former Klöckner-Werke AG
(a wholly-owned group company of Salzgitter AG), now renamed as Salzgitter
Klöckner-Werke GmbH, will take over all material domestic participations, held
up until now by Salzgitter Mannesmann GmbH, as well as the Group's financial
clearing. There will be no changes to the management structure of the Group. 

As a result of this restructuring, the profit after tax disclosed in the 2011
consolidated financial statements will be around approximately EUR 100 million
higher based on the standards currently prevailing under IFRS. This measure will
not affect the current forecast under which the Salzgitter Group anticipates
earnings before tax of around EUR 200 million in the financial year 2011. 

The changes to the structure are subject to approval by the Supervisory Board of
Salzgitter AG, which will make a decision on December 15, 2011.

Disclaimer: 
Some of the statements made in this report possess the character of forecasts or
may be interpreted as such. They are made to the best of knowledge and belief,
and by their nature are subject to the proviso that no unforeseeable
deterioration occurs in the economy or in the specific market conditions
pertaining to the companies of the various divisions, but rather that the
underlying bases of plans and outlooks prove to be accurate as expected in terms
of their scope and timing. The company undertakes no obligation to update any
forward-looking statements.


Further inquiry note:
Bernhard Kleinermann 
+49 (0) 5341/21-1852
ir@salzgitter-ag.de

end of announcement                               euro adhoc 
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issuer:      Salzgitter AG
             Eisenhüttenstraße 99
             D-38239 Salzgitter
phone:       +49 (0) 5341-21-3783
mail:     info@salzgitter-ag.de
WWW:      http://www.salzgitter-ag.de
sector:      Iron & Steel
ISIN:        DE0006202005
indexes:     Midcap Market Index, MDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
             Hamburg, Stuttgart, Düsseldorf, Hannover, München 
language:   English
 



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