March 16, 2007 — ThyssenKrupp Steel and Stainless USA, LLC has filed permit applications in both Alabama and Louisiana for its planned $2.9-billion facility.

The filings were submitted to each state’s respective environmental agency—the Alabama Department of Environmental Management and the Louisiana Department of Environmental Quality. These permits are required under the Clean Air Act to provide an analysis of emission sources prior to construction.

“We are pleased to submit air permit applications to both the Alabama and Louisiana Environmental Departments, said Robert P. Soulliere, President and CEO of ThyssenKrupp Steel and Stainless USA, LLC. “These filings represent another important milestone as we continue our site selection process.”

The applications filed in each state detail such information as a description of the construction process; emissions calculations and air dispersion modeling assessments; best achievable control technologies employed during construction to ensure limited emissions; and computer modeling demonstrating that the facility, once operational, will meet or exceed the National Ambient Air Quality Standards and applicable state air guidelines.

“We are confident that our filings demonstrate ThyssenKrupp’s environmental know-how and our focus on the development of processes that are environmentally friendly and conserve resources,” noted Soulliere. “We are committed to incorporating state-of-the-art technology to limit any air emissions.”

Over the past several months, ThyssenKrupp has been conducting extensive due diligence to construct and operate its $2.9-billion steelmaking and processing complex, which is said to be one of the largest private industrial development projects in the U.S. over the next decade. The company has not yet made a decision about the final site, but expects to complete the site selection process as expeditiously as possible.

“We look forward to continue working with officials in both Alabama and Louisiana as we move forward with the site selection process,” Soulliere concluded.

In the coming weeks, the company says it will file additional permits in both states, including a Section 404/10 application with the U.S. Army Corps of Engineers related to the Clean Water Act (33 U.S.C. 1344) and the Rivers and Harbors Act of 1899 (U.S.C. 403).

ThyssenKrupp Steel and Stainless USA, LLC is a wholly owned subsidiary of ThyssenKrupp USA, Inc. of Troy, Mich. The company was created to oversee the development of the new $2.9 billion steel and stainless manufacturing plant, which is a cooperative effort of ThyssenKrupp Steel and ThyssenKrupp Stainless, both based in Duisburg, Germany.

The ThyssenKrupp Group, based in Düsseldorf, Germany, is a global technology company that consists of five business segments—Steel, Stainless, Technologies, Elevator and Services. The company has annual sales of approximately €47 billion (US$61 billion) and employs 188,000 employees in over 70 countries worldwide.

Also based in Duisburg, Germany, ThyssenKrupp Steel AG, is the holding company for the carbon steel activities of the Group. It is the largest single entity of ThyssenKrupp. Last year, it produced approximately 14 million tonnes of crude steel and generated sales of €10.7 billion (US$14 billion). This business segment is focused on high-quality carbon steel flat products and is one of the world’s leading producers, ranking second in Europe. The segment employs over 30,000 people. Its subsidiaries are active in processing, coating and steel services. Subsidiaries include Rasselstein GmbH, the largest tinplate production site in Andernach, Germany, and Duisburg-based ThyssenKrupp Tailored Blanks GmbH, a market and technology leader in laser-welded blanks for the auto industry.

ThyssenKrupp Stainless AG, also based in Duisburg, Germany, is the holding company for the stainless activities of the Group. It has achieved leading market positions worldwide in stainless steel flat-rolled products, nickel alloys and titanium. With annual sales of €6.4 billion (US$8.3 billion), the segment employs 12,200 employees in Germany, Italy, China, Mexico and the U.S.