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GrafTech Provides Update On Previously Announced Initiatives To Drive Operating Efficiencies, Global Competitiveness And Shareholder Value

About GrafTech GrafTech International is a global company that has been redefining limits for more than 125 years. We offer innovative graphite material solutions for our customers in a wide range of industries and end markets, including steel manufacturing, advanced energy and latest generation electronics. GrafTech currently operates 20 principal manufacturing facilities on four continents and sells products in over 70 countries. Headquartered in Parma, Ohio, GrafTech currently employs approximately 3,000 people. For more information, call 216-676-2000 or visit www.graftech.com .

NOTE ON FORWARD-LOOKING STATEMENTS: This news release and related discussions may contain forward looking statements about such matters as: rationalization and related initiatives and activities; the impact of rationalization, cost competitiveness, liquidity and related initiatives; changes in senior management; the markets we serve and our position in those markets; future or targeted operational and financial performance, profitability, cash flow, and liquidity; future or targeted sales, costs, cost management, working capital, inventory management, revenues, and business opportunities and positioning; strategic plans; expected or targeted changes in production capacity, operating rates or efficiency in our operations or our competitors' or customers' operations; future prices and demand for our products and changes therein; product quality; diversification, new products and product improvements and their impact on our business; and regional and global economic and industry market conditions and changes therein, including our expectations concerning their impact on us and our customers and suppliers.

We have no duty to update these statements and, except as expressly stated herein, these statements are not intended to update any prior statements. Our expectations and targets are not predictions of actual performance and historically our performance has deviated, often significantly, from our expectations and targets. Actual future events, circumstances, performance and trends could differ materially, positively or negatively, due to various factors, including: non-realization of anticipated benefits from, or variances in the cost or timing of, organizational changes and rationalization and other initiatives; loss of market share or sales due to rationalization and related activities; failure to achieve earnings or other estimates; actual outcome of uncertainties associated with assumptions and estimates used when applying critical accounting policies and preparing financial statements; failure to successfully develop and commercialize new or improved products; or operational, financial or other targets; business interruptions including those caused by weather, natural disaster or other causes; adverse changes in labor relations including those that could be related to rationalization and related activities; adverse developments in legal proceedings or investigations; negative developments relating to health, safety or environmental compliance or remediation or liabilities; downturns, production reductions or suspensions, or changes in steel and other markets we or our customers serve; intensified competition and price or margin decreases; changes in graphite electrode and needle coke manufacturing capacity; fluctuating market prices for our products; mismatches between manufacturing capacity and demand; and other risks and uncertainties, including those detailed in our SEC filings, as well as future decisions by us. This news release does not constitute an offer or solicitation as to any securities.

GTI-G

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