15.02.2007 – 19:49

Salzgitter AG

Salzgitter AG confirms discussions with Algoma Steel Inc.

Salzgitter (euro adhoc) -

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Salzgitter AG today confirmed that it is in
discussions with Algoma Steel Inc. in Sault Ste. Marie, Ontario,
regarding the possible acquisition of the Canadian steel producer.
The discussions are at a very preliminary stage. There can be no
assurance that an acquisition will take place. Furthermore there is
no agreement as to the price at which an acquisition would be made if
it does take place.

end of announcement                               euro adhoc 15.02.2007 19:47:24

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: MDAX, CDAX, HDAX, Midcap Market Index, Classic All Share,
Prime All Share
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade
Niedersächsische Börse zu Hannover / official dealing