Press Releases 2005


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	Press Releases

September 19, 2005

SGL Carbon Redeems Convertible Bond and Reduces US$ Credit

WIESBADEN, September 19, 2005. SGL Carbon repaid to investors the outstanding 37 percent of the convertible bond that matured today. The bond had originally been issued in September 2000. Between the end of February and early April 2004, SGL Carbon redeemed 63 percent of the convertible bond on the basis of a voluntary redemption offer. Within the framework of the refinancing measures at the beginning of 2004, the Company had deposited the funds required to redeem the convertible bond in a cash escrow account.

SGL Carbon was additionally able to reduce its US credit facility from US$ 112 million to US$ 80 million in early September. The Company's main banks acquired this credit from the over 70 U.S. financial investors with whom it had previously been placed. This step further underscores the progress the Company has been making in the reduction of its debt.

Both measures serve to strengthen the equity ratio of SGL Carbon in the third quarter (assuming unchanged exchange rates from the date for the first half-year's financial figures – June 30, 2005).

Important Notice:
This document contains statements on future developments that are based on currently available information and that involve risks and uncertainties that could lead to actual results deviating from these forward-looking statements. These risks and uncertainties include, for example, unforeseeable changes in political, economic and business conditions, particularly in the area of electrosteel production, the competitive situation, interest rate and currency developments, technological developments and other risks and unanticipated circumstances. We see other risks in price developments, unexpected developments relating to acquired and consolidated companies, ongoing restructuring measures and unforeseeable occurrences in conjunction with the reviews to be performed by the European antitrust authorities. SGL Carbon does not intend to update these forward-looking statements.