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14.03.2007 – 07:46

Salzgitter AG

Takeover discussions with Algoma Steel Inc. terminated

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merger, acquisition and takeover

Salzgitter (euro adhoc) - 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

ots Originaltext: Salzgitter AG
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Further inquiry note:
Bernhard Kleinermann
Tel.: +49 (0) 5341-21-3783

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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