23.06.2005 – 15:51

Salzgitter AG

euro adhoc: Salzgitter AG
Joint Ventures
Proposed concentration of seamless tubes activities at Vallourec now implemented

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.

23.06.2005

The intention jointly expressed in January 2005 by Salzgitter AG and
Vallourec SA, Paris, to concentrate their seamless tubes activities
at Vallourec has meanwhile been put into effect.

The final documents sealing the transfer of the relevant holdings
were signed in Paris on June 23, 2005. This in particular effected
the transfer of the 45 % stake in Vallourec & Mannesmann Tubes SA
(V&M) held by the wholly-owned Salzgitter subsidiary
Mannesmannröhren-Werke GmbH (MRW) to its French joint venture partner
Vallourec. As a result Vallourec now owns 100 % of V&M. Salzgitter’s
stake in Vallourec (held indirectly via MRW) remains unchanged at
around 23 %.

end of announcement                               euro adhoc 23.06.2005 15:16:26

Further inquiry note:

Bernhard Kleinermann
Tel.: +49 (0) 5341-21-3783
E-Mail: kleinermann.b@salzgitter-ag.de
Tel.:49 (0) 5341-21-01
FAX: +49 (0) 5341-21-2727
Email: gersdorff.b@salzgitter-ag.de

Branche: Iron & Steel
ISIN: DE0006202005
WKN: 620200
Börsen: Berliner Wertpapierbörse
Hamburger Wertpapierbörse
Baden-Württembergische Wertpapierbörse
Börse Düsseldorf
Bayerische Börse
Bremer Wertpapierbörse (BWB)
Frankfurter Wertpapierbörse
Niedersächsische Börse zu Hannover

Original-Content von: Salzgitter AG, übermittelt durch news aktuell