Klöckner & Co AG

euro adhoc: Klöckner & Co AG
Strategic management decisions
Klöckner & Co Aktiengesellschaft
Sale of subsidiary B.V. Aluminium Verkoop Zuid (AVZ), Netherlands Disposal of non-core assets Strategic focus on core business activities

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 03.07.2006 Ad hoc announcement pursuant to Sec. 15 WpHG (German Securities Trading Act) dated 3 July 2006 Klöckner & Co Aktiengesellschaft / Sale of subsidiary B.V. Aluminium Verkoop Zuid (AVZ), Netherlands Disposal of non-core assets Strategic focus on core business activities Duisburg, 3 July 2006 - Today, an affiliate of Klöckner & Co Aktiengesellschaft has entered into an agreement for the sale of its interest in AVZ in the Netherlands with CRH Niederland B.V., which is part of the CRH plc. Group, Dublin. AVZ is responsible for the sun protection products in the Klöckner & Co group. By disposing of this non-core business activity, Klöckner & Co Aktiengesellschaft is consistently focussing on its core business. The indebtedness of the Klöckner & Co group can be further reduced by using the sale proceeds. AVZ is active in the business sectors of "outdoor sun protection/blinds" and has approx. 150 employees. In the financial year 2005, the revenues of AVZ amounted to EUR 54 million. Klöckner & Co Aktiengesellschaft had already announced that it would realize up to EUR 110 million in the financial year 2006 from dispositions that are not essential to its core business, including the sale of interests in the Netherlands. The sale of AVZ was realized faster than anticipated. By selling assets that are not essential to its core business and as a result of the capital increase in connection with the initial public offering, Klöckner & Co Aktiengesellschaft has already realized nearly EUR 180 million in cash during the financial year 2006. Klöckner & Co Aktiengesellschaft intends to use these proceeds to further reduce its indebtedness. The shares in 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) of the official market with further post-admission obligations. ISIN: DE000KC01000; WKN: KC0100; Common Code: 025808576. end of announcement euro adhoc 03.07.2006 20:29:16 -------------------------------------------------------------------------------- ots Originaltext: Klöckner & Co AG Im Internet recherchierbar: http://www.presseportal.de Further inquiry note: Claudia Uhlendorf Public Relations Telefon: +49(0)203-307-2289 E-Mail: claudia.uhlendorf@kloeckner.de Branche: Metal Goods & Engineering ISIN: DE000KCO1000 WKN: KCO100 Index: CDAX Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard Börse Berlin-Bremen / free trade Hamburger Wertpapierbörse / free trade Baden-Württembergische Wertpapierbörse / free trade Börse Düsseldorf / free trade Bayerische Börse / free trade

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