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" Sales contract signed " Strategic focus on core business

companies/Sale

Duisburg (euro adhoc) - Duisburg, July 21, 2008 - Acting throughits Swiss subsidiary Debrunner Koenig Holding (DKH), Klkner &Co AG has signed a contract to sell Koenig Verbindungstechnik (KVT)to the private equity company Capvis. The sale price totalsapproximately EUR325 million, resulting in a book profit aftertaxes of about EUR265 million. The transaction is subject toapproval by the antitrust authorities.

KVT, a wholly owned subsidiary of DKH, is involved in the market offastening systems and sealing plugs, an area that is not part ofthe core business of Klkner & Co AG. The planned sale wasannounced in the company report for the first quarter of 2008.

KVT, which is headquartered in Dietikon, Switzerland, has aworkforce of about 300 people. In fiscal year 2007, it generatedsales of about EUR120 million and earnings after taxes of aroundEUR20 million. Among other things, the company for fasteningsystems and sealing plugs sells self-clinching fasteners, rivetingsystem, nuts as well as high-pressure fasteners used particularlyin automotive technology for hydraulic applications.

"We are intensifying our focus on our core business in Europe justas we are doing in North America. The funds generated by the saleof KVT can be used to finance the expansion of Kl鯿kner & Co,"said Dr. Thomas Ludwig, CEO of Klkner & Co AG.