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Klöckner & Co SE

French anti-trust authority fines French steel distributors

Duisburg (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
companies/legal affairs
Duisburg, December 16, 2008 - The French
anti-trust authority (DGCCRF) announced today that it has imposed 
fines totaling almost EUR600 million on KDI SAS (a subsidiary of 
Klöckner & Co SE), members of the Arcelor group, Descours et Cabaud, 
Morel and other steel distributors in France. The companies were 
accused of taking part in anti-competitive price-fixings from 1999 to
2004.
The company and its legal advisers maintain that the fine of EUR169 
million imposed on KDI SAS is unjustifiably high. Contrary to its 
previous practice, the French anti-trust authority obviously used 
global sales of Klöckner & Co as the basis for the fine´s 
calculation, even though the violations were committed exclusively by
the French subsidiary, KDI SAS, and only affected the French market. 
For this reason, KDI SAS will appeal the fine with the aim of 
significantly reducing the amount and of obtaining a suspension of 
payment until a final judgment has been rendered.
The fine will negatively impact the 2008 group results of Klöckner & 
Co SE by a total of EUR79 million. Reserves had been made in the 
amount of EUR20 million. In addition, today´s Klöckner & Co SE (the 
former acquisition vehicle of private equity investors Lindsay 
Goldberg & Bessemer) possesses a compensation claim totaling EUR70 
million towards the previous owners of the Klöckner & Co group 
resulting from the sale of the group in 2005.
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

Further inquiry note:

Peter Ringsleben - Corporate Communications
Phone: +49-203-307-2800
E-mail: peter.ringsleben@kloeckner.de

Claudia Uhlendorf - Corporate Communications
Phone: +49-203-307-2289
E-mail: claudia.uhlendorf@kloeckner.de

Dr. Thilo Theilen - Investor Relations
Phone: +49-203-307-2050
E-Mail: thilo.theilen@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

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