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14.03.2007 – 07:46

Salzgitter AG

Takeover discussions with Algoma Steel Inc. terminated

Salzgitter (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
merger, acquisition and takeover
Salzgitter AG Stahl und Technologie,
Salzgitter, announces that the Executive Board has decided on March
13, 2007 not to continue discussions with Algoma Steel Inc., Sault
Ste. Marie, Ontario, Canada, in regards to a possible takeover. It
was further announced that no binding takeover bid will be issued for
the time being. It is intended to continue to investigate potential
for an industrial cooperation.
end of announcement                               euro adhoc 14.03.2007 07:45:00

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

Original content of: Salzgitter AG, transmitted by news aktuell

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