DGAP-News: SKW Stahl-Metallurgie Holding AG: SKW

SKW Stahl-Metallurgie Holding AG / Dividend/AGM/EGM

05.06.2008

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Press release

SKW Metallurgie resolves to pay dividend for first time&#61607; Shareholders participate in record-breaking earnings in 2007&#61607; Further revenue and earnings growth expected for 2008&#61607; Supervisory Board without necessary majority, continuity of
strategic further development secured by Managing Board

Unterneukirchen, June 4, 2008. The Managing Board was able to look back on
a very positive fiscal year 2007 at today's Annual General Meeting of SKW
Stahl-Metallurgie Holding AG in München (Munich). Revenues and earnings
broke new records, with revenues up 29% to 239 million, and EBITDA
soaring by almost 50% to 21.1 million. Given this background, and
according to today's resolution by the General Meeting, the company will
pay a dividend for the first time in its history. Shareholders will
participate in the record-breaking results in fiscal year 2007 in the
amount of 0.50 per share. The Managing Board is also highly confident for
fiscal year 2008, which got off to a flying start, and the second quarter
to date has also been significantly better than expected. As a result, the
Managing Board is again forecasting strong increases in revenues and
earnings. The SKW Metallurgie Group is thus on track to break records in
its operating business, and it has confirmed the targets already
communicated of recording consolidated revenues of 310 to 330 million
in 2008 with EBITDA up to 23 to 25 million. Figures for the second
quarter are scheduled to be published on August 14, 2008.

Majority of agenda items passed almost unanimously Supervisory Board
without necessary majority
Approx. 40% of the company's share capital attended today's 2008 General
Meeting in München (Munich). The shareholders represented voted in favor of
all of the agenda items with one exception with a majority of more than
85% in each case.

These agenda items were for the ratification of the Managing and
Supervisory Boards, the resolution on the appropriation of net profits,
election of the auditor and the creation of new authorization for the
acquisition of treasury shares. For the agenda item 'New election of the
Supervisory Board', neither the members of the Supervisory Board which
existed until the end of the General Meeting (each with approx. 58%) nor
the candidates proposed by the shareholders (each with approx. 2.5%)
reached the two-thirds majority required by the Articles of Incorporation.
The General Meeting ended without a new Supervisory Board being elected.
Operating business and the continuity of the SKW Metallurgie's strategic
further development are secured by the Managing Board over the short term.
In addition, according to the Aktiengesetz (German Public Limited Companies
Act), a new Supervisory Board will be appointed by the respective court or
a further General Meeting.

Further information on the General Meeting and SKW Metallurgie can be found
online at: www.skw-steel.com

Contact:
SKW Stahl-Metallurgie Holding AG
Christian Schunck
Head of Investor Relations and Corporate Communications
Fabrikstraße 6
84579 Unterneukirchen
Germany
Tel.: +49 8634 -617596
Fax: +49 8634 -617594
E-Mail: schunck@skw-steel.com
Internet: www.skw-steel.com

About SKW Stahl-Metallurgie Holding AG
SKW Metallurgie is the global market leader for chemical additives for hot
metal desulfurization, and for cored wire used in secondary metallurgy. The
Groups products enable steel-makers to efficiently manufacture
high-quality steel products. Clients include the world's leading companies
in the steel industry. The SKW Metallurgie Group has more than 50 years of
metallurgical know how, and currently operates in more than 40 countries.
Approximately 44% of revenues are recorded in Europe and approx. 42% in the
NAFTA region (2007; ESM revenues included as of initial consolidation).
What is more, the Group is a leading supplier of Quab specialty chemicals,
which are mainly used in the global production of industrial starch for the
paper industry. SKW Metallurgies operations are structured into the three
business segments 'Cored Wire', 'Powder and Granules', and 'Quab'. The SKW
Metallurgie Group is headquartered in Germany with production facilities in
France, the US (6), Canada, South Korea, the Peoples' Republic of China (2)
and India (2 via joint ventures)..
Shares of SKW Stahl-Metallurgie Holding AG have been listed in Frankfurt
Stock Exchange's Prime Standard since December 1, 2006 with ISIN
DE000SKWM013.

DISCLAIMER
This press release contains statements on future developments that are
based on currently available information and involve risks and
uncertainties that could cause the actual results to differ from these
forward-looking statements. These risks and uncertainties include, for
example, unforeseeable changes to political and economic conditions, in
particular in the steel and paper production industry, the competitive
situation, changes in interest rates and exchange rates, technological
developments and other risks and unexpected circumstances. SKW
Stahl-Metallurgie Holding AG and its Group companies accept no obligation
to update such forward-looking statements.

DGAP 05.06.2008
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Language: English
Issuer: SKW Stahl-Metallurgie Holding AG
Fabrikstrasse 6
84579 Unterneukirchen
Deutschland
Phone: +49 (0)8634 61 7596
Fax: +49 (0)8634 61 7594
E-mail: info@skw-steel.com
Internet: www.skw-steel.com
ISIN: DE000SKWM013
WKN: SKWM01
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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DGAP-News: SKW Stahl-Metallurgie Holding AG: SKW Metallurgie resolves to pay dividend for first time