BROOKLYN HEIGHTS, Ohio–(BUSINESS WIRE)–GrafTech International Ltd. (NYSE: EAF) (the “Company”) today announced
the launch of a secondary offering of 17,500,000 shares of its common
stock. The shares are being offered by the majority stockholder, an
affiliate of Brookfield Business Partners LP, a publicly listed business
services and industrials company of Brookfield Asset Management Inc. The
selling stockholder expects to grant the underwriters a 30 day option to
purchase up to an additional 2,625,000 shares.

J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC are
acting as joint lead book running managers and as representatives of the
underwriters for the offering; Citigroup Global Markets Inc., RBC
Capital Markets, LLC, HSBC Securities (USA) Inc. and BMO Capital Markets
Corp. are also acting as joint book running managers for the offering.

The proposed offering of the securities will be made only by means of a
prospectus. When available, copies of the preliminary prospectus
relating to the offering may be obtained from: J.P. Morgan Securities
LLC, Attention: J.P. Morgan Securities LLC, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or via
telephone: 1-866-803-9204; or Credit Suisse Securities (USA) LLC,
Attention: Prospectus Department, Eleven Madison Avenue, 3rd Floor, New
York, NY 10010, or by telephone at 1-800-221-1037, or by email at [email protected].

A registration statement relating to these securities has been filed
with the Securities and Exchange Commission but has not yet become
effective. These securities may not be sold nor may offers to buy be
accepted prior to the time the registration statement becomes effective.

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.

GrafTech International Ltd. is a leading manufacturer of high
quality graphite electrode products essential to the production of
electric arc furnace (or EAF) steel and other ferrous and non-ferrous
metals.

Cautionary Statement Regarding Forward-Looking Statements

Statements in this press release regarding the Company that are not
historical facts are “forward-looking statements” that involve risks and
uncertainties. Certain of the risks and uncertainties to which the
Company is subject are described in the “Risk factors” and “Special note
regarding forward looking statements” sections of the Company’s
registration statement on Form S-1, the “Risk Factors” and “Forward
Looking Statements” sections of its annual report on Form 10-K and the
Company’s other applicable filings with the Securities and Exchange
Commission. The Company undertakes no obligation to update the
information contained in this press release to reflect subsequently
occurring events or circumstances.

Contacts

Meredith Bandy
Vice President, Investor Relations and Corporate
Communications
(216) 676-2699