Not for release, publication or distribution in or into the United States, Australia, Canada or Japan

• Issue volume of Euro 200 million
• Coupon of EURIBOR plus 1.25%
• Duration to May 2015

Wiesbaden, May 10, 2007. SGL Carbon AG has successfully placed a variable interest-bearing corporate bond (senior note) for Euro 200 million. The securities with a denomination of 50,000 Euro have a maturity until May 2015 and have a coupon of EURIBOR plus 1.25% margin. The issue price is 100%. Deutsche Bank, Morgan Stanley and LBBW acted as joint lead managers for the issue.

The proceeds from the placement of the corporate bond will be used primarily to repay the 8.5% high yield bond issued by SGL Carbon Luxembourg SA and guaranteed by SGL in February 2004 in the amount of €270 million. SGL will satisfy and discharge its obligations under the 2004 high yield bond by depositing government bonds for payment of aggregate interest, principal and pre-payment costs until the first possible repayment date on February 1, 2008. By depositing the government bonds all obligations of the high yield bond are fully discharged and removed from the SGL Carbon AG balance sheet and profit and loss statement.
The issue of the corporate bond forms part of a comprehensive refinancing recently initiated by SGL. On May 2, 2007, SGL announced the successful placement of a €200 million convertible bond with a coupon of 0.75%, a conversion price per share of €36.52 and a term of six years. In addition, the comprehensive new financing will be supplemented with an undrawn credit line for working capital and investments under a new syndicated loan with a total amount of €200 million.


Additional Information:
ISIN: DE0007235301
Listing: Amtlicher Markt / Prime Standard / Frankfurter Wertpapierbörse
(Official Market / Prime Standard / Frankfurt Stock Exchange)
Company’s seat: Wiesbaden


About SGL Group – The Carbon Company
The SGL Group is one of the world’s leading manufacturers of carbon-based products. It has a  comprehensive portfolio ranging from carbon and graphite products to carbon fibers and composites. SGL Group’s core competencies are its expertise in high-temperature technology as well as its applications and engineering know-how gained over many years. These competencies enable  the Company to make full use of its broad material base. SGL Group’s carbon-based materials combine several unique properties such as electrical and thermal conductivity, heat and corrosion resistance as well as high mechanical strength combined with low weight. Due to the paradigm shift in the use of materials as a result of the worldwide shortage of energy and raw materials, there is a growing demand for SGL Group’s high-performance materials and products from an increasing number of industries. Carbon and graphite products are  used whenever other materials such as steel, aluminum, copper, plastics, wood etc. fail due to their limited properties. Products from the SGL Group are used predominantly in the steel, aluminum, automotive, chemical and glass/ceramics industries. However, manufacturers in the semiconductor, battery, solar/wind energy, environmental protection, aerospace and defense industries as well as in the nuclear energy industry also figure among the Company’s customers.

With around 30 production sites in Europe, North America and Asia as well as a service network covering more than 100 countries, the SGL Group is a company with a global presence. In 2006, the Company’s  workforce of 5,250 generated  sales of € 1.2 billion. The Company’s head office is located in Wiesbaden/Germany.


Important information:
This press release constitutes neither an offer to sell nor a solicitation to buy any securities.
This press release is not being issued in the United States of America and must not be distributed to U.S. persons (as defined in regulations S of the U.S. securities act of 1933, as amended (“Securities Act”) or publications with a general circulation in the United States. This press release does not constitute an offer or invitation to purchase any securities in the United States. The securities of SGL Carbon Aktiengesellschaft have not been registered under the securities act and may not be offered, sold or delivered within the United States or to U.S. persons absent from registration under or an applicable exemption from the registration requirements of the United States Securities Law.

This document is directed only at persons (I) who are outside the United Kingdom or (II) who have professional experience in matters relating to investment falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (The “order”) or (III) who fall within article 49(2)(A) to (D) (“High net worth companies, Unincorporated Associations, etc.”) of the order (all such persons together being referred to as “relevant persons”).  Any person who is not a relevant person must not act or rely on this communication or any of its contents. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons.