NEW MEMBER OF THE BOARD OF MANAGEMENT AT KLÖCKNER & CO AG

At its meeting held earlier today, the Supervisory Board of Klöckner & Co AG appointed Mr. Ulrich Becker as a member of the Board of Management. Mr. Becker was previously a member of the management team of Benteler Automobiltechnik GmbH, and already has many years’ experience at management level in the steel distribution and trading business. Mr. Becker will assume responsibility for the Europe segment and take on functional responsibility for Purchasing.

The members of the Board of Management are now Dr. Thomas Ludwig (Chairman), who heads the North America segment in addition to functional responsibility for Legal Affairs, Auditing, Human Resources and Communications, as well as Mr. Ulrich Becker and Mr. Gisbert Rühl (CFO), whose responsibilities remain unchanged.