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EANS-News: Salzgitter AG prices convertible bond offering

Salzgitter, 29. September 2009 (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Capital measures
Convertible bond
offering: Issue size: approx. EUR 296 million, Coupon: 1.125%, 
Conversion price:  EUR 83.4963
Salzgitter AG announces the successful placement of its approx. EUR 
296 million senior unsecured convertible bonds (the "Bonds") with 
domestic and international institutional investors outside of the US 
only. The bond has been oversubscribed several times. With this 
transaction Salzgitter diversifies its sources of funding and intends
to use the proceeds from the issue for general corporate purposes. 
The Bonds will be issued by Salzgitter Finance B.V. (the "Issuer"), a
wholly-owned Dutch subsidiary of Salzgitter AG, guaranteed by 
Salzgitter AG, and will be convertible into Salzgitter AG shares. The
Bonds will have a maturity of seven years. Holders of the Bonds will 
be entitled to require an early redemption of their Bonds on the 
fifth anniversary, after the issue date, at the principal amount 
together with accrued interest. The annual coupon has been set at 
1.125 % from a coupon range of 0,625 % to 1,625 %. The initial 
conversion price has been set at EUR 83.4963, which represents a 
conversion premium of 25% above the reference price of EUR 66.7970. 
The pre-emptive rights of shareholders of Salzgitter to subscribe to 
the Bonds are excluded. Settlement will take place on or around 6. 
October 2009. Salzgitter intends to list the Bonds on the Open Market
(Freiverkehr) segment of the Frankfurt Stock Exchange. Commerzbank, 
Deutsche Bank and UniCredit Group (Bayerische Hypo- und Vereinsbank 
AG) are joint bookrunnners
IMPORTANT NOTE: NOT FOR DISTRIBUTION OR RELEASE IN OR INTO THE UNITED
STATES OF AMERICA (OR TO US PERSONS), AUSTRALIA, CANADA OR JAPAN, OR 
IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE 
PROHIBITED BY APPLICABLE LAW
This press release is for information purposes only and does not 
constitute or form part of, and should not be construed as an offer 
or an invitation to sell, or issue or the solicitation of any offer 
to buy or subscribe for, any securities. In connection with this 
transaction there has not been, nor will there be, any public 
offering. No prospectus will be prepared in connection with the 
offering. The Bonds may not be offered to the public in any 
jurisdiction in circumstances which would require the Issuer of the 
Bonds to prepare or register any prospectus or offering document 
relating to the Bonds in such jurisdiction.
The distribution of this press release and the offer and sale of the 
Bonds in certain jurisdictions may be restricted by law. Any persons 
reading this press release should inform themselves of and observe 
any such restrictions. This press release does not constitute an 
offer to sell or a solicitation of an offer to purchase any 
securities in the United States. The securities referred to herein 
(including the Bonds and the shares of Salzgitter) have not been and 
will not be registered under the U.S. Securities Act of 1933, as 
amended (the "Securities Act") or the laws of any state within the 
U.S., and may not be offered or sold in the United States or to or 
for the account or benefit of U.S. persons, except in a transaction 
not subject to, or pursuant to an applicable exemption from, the 
registration requirements of the Securities Act or any state 
securities laws. This press release and the information contained 
herein may not be distributed or sent into the United States, or in 
any other jurisdiction in which offers or sales of the securities 
described herein would be prohibited by applicable laws and should 
not be distributed to United States persons or publications with a 
general circulation in the United States. No offering of the Bonds is
being made in the United States. In the United Kingdom, this press 
release is only being distributed to and is only directed at (i) 
persons who have professional experience in matters relating to 
investments falling within Article 19(1) of the Financial Services 
and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") 
and (ii) high net worth entities falling within Article 49(2) of the 
Order and (iii) persons to whom it would otherwise be lawful to 
distribute it (all such persons together being referred to as 
"relevant persons"). The Bonds are only available to, and any 
invitation, offer or agreement to subscribe, purchase or otherwise 
acquire such Bonds will be engaged in only with, relevant persons. 
Any person who is not a relevant person should not act or rely on 
this press release or any of its contents.
Further information can be obtained on the Salzgitter website::
www.salzgitter-ag.de

Further inquiry note:

Bernhard Kleinermann
Tel.: +49 (0) 5341-21-3783
E-Mail: kleinermann.b@salzgitter-ag.de

Branche: Iron & Steel
ISIN: DE0006202005
WKN: 620200
Index: DAX, Midcap Market 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
Hannover / regulated dealing

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