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Klöckner & Co SE

EANS-News: Klöckner & Co SE
Klöckner & Co substitutes Luxembourg Issuer

Duisburg (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Contracts
Duisburg, December 4, 2009 - The Management
Board of Klöckner & Co SE ("Klöckner & Co") announces the 
substitution of the Luxembourg issuer of the EUR 325 million 
convertible bond issued in July 2007 and due 2012 (ISIN DE000A0N0J03,
WKN A0N0J0, Common Code 031294827). Pursuant to § 15 of the terms and
conditions of the bonds, the original issuer Klöckner & Co Finance 
International S.A., Luxembourg, is substituted by Klöckner & Co 
Financial Services S.A., also Luxembourg. The substitute issuer, 
which is a wholly-owned subsidiary of Klöckner & Co SE as well, has 
issued in June 2009 the EUR 97.9 million convertible bond due 2014. 
The reason for the substitution is the optimization of the financing 
structure and the reduction of administration costs. No further 
changes follow from such substitution; in particular, all rights of 
the bondholders and the guarantee of Klöckner & Co for the bonds 
remain substantively unchanged.
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 185,000 active customers are supplied through around 
250 distribution locations by around 9,200 employees in 15 countries 
in Europe and North America. During the financial year 2008, the 
Company achieved sales of approximately EUR6.7 billion. The shares of
Klöckner & Co SE are admitted to trading on the regulated market 
segment (Regulierter Markt) of the Frankfurt Stock Exchange 
(Frankfurter Wertpapierbörse) with simultaneous admission to the 
sub-segment to the regulated market with further post-admission 
obligations (Prime Standard). Klöckner & Co shares are listed in the 
MDAX® Index of Deutsche Börse. ISIN: DE000KC01000; WKN: KC0100; 
Common Code: 025808576.
end of announcement                               euro adhoc

Further inquiry note:

Dr. Thilo Theilen - Head of Investor Relations & Corporate Communications
Phone: +49-(0)203-307-2050
E-Mail: thilo.theilen@kloeckner.de

Claudia Uhlendorf - Spokesperson
Phone: +49-(0)203-307-2289
E-mail: claudia.uhlendorf@kloeckner.de

Branche: Metal Goods & Engineering
ISIN: DE000KC01000
WKN: KC0100
Index: CDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade

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