Market Overview

GrafTech Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering

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GrafTech International Ltd. (the "Company") today announced that it has
confidentially submitted a draft registration statement on Form S-1 with
the Securities and Exchange Commission (the "SEC") relating to the
proposed initial public offering of the Company's common stock by its
sole stockholder, an affiliate of Brookfield Business Partners LP, a
publicly listed business services and industrials company of Brookfield
Asset Management Inc. The number of shares to be offered and the price
range for the proposed offering have not yet been determined. The
initial public offering is expected to commence after the SEC completes
its review process, subject to market and other conditions.

This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities.

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. The Company undertakes no obligation to update the
information contained in this press release to reflect subsequently
occurring events or circumstances.

GTI-G

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