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January 20, 2003

SGL Carbon wins €27 million Corrosion Protection contract

Hydrochloric acid synthesis unit and pumps for Australian magnesium producer
Largest Corrosion Protection contract in the history of the business

WIESBADEN, January 20, 2003. The SGL Carbon Group recently won a contract for over €27 million to produce corrosion protection equipment for one of the world's largest magnesium producers, Australian Magnesium Operations (AMO), based in Brisbane (Australia). This means that SGL Carbon's Corrosion Protection business, which focuses on industrial corrosion protection, has won the largest contract in its history.

SGL Carbon's subsidiary SGL Acotec GmbH, based in Siershahn, Germany, will provide AMO with a complete hydrochloric acid synthesis unit (methane chloride synthesis process) as well as 42 high-performance graphite pumps for its large-scale magnesium metal production plant in Stanwell (Australia) by mid-2004. The plant will have an annual capacity of 90,000 tons of magnesium.

Dr. Thomas Kosack, managing director of SGL Acotec and head of Corrosion Protection, commented on the signing of the deal as follows, "This contract from Australia is testimony to our strong position as a global leader in industrial corrosion protection. The consistent implementation of our systems approach by providing a full-service package to the customer is just as important to our success as the ongoing development of our product and service portfolio, with strong focus on needs of both the market and our customers."

Important Notice:
This press release contains forward-looking statements as defined in the US Private Securities Litigation Reform Act of 1995. It contains forward-looking statements and information relating to sales and earnings figures, based on currently available information. Actual future results and trends could differ materially from those set forth in such statements due to various factors. Such factors include unforeseeable alterations in electric steel production, the possibility of changing economic and competitive conditions, changes in currency rates, technological developments, unanticipated developments relating to recently acquired businesses and Group companies, unforeseen difficulties relating to the investigations by the European antitrust authorities and to the now completed investigation by the Canadian and U.S. antitrust authorities and the civil actions related to these investigations and other risks and uncertainties, including those detailed in the Company's filings with the U.S. Securities and Exchange Commission. SGL Carbon does not intend to update these forward-looking statements, and does not assume any obligation to do so.