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January 22, 2003

SGL Carbon's Hitco subsidiary wins follow-up order from Boeing

WIESBADEN, January 22, 2003. SGL Carbon Group's Hitco Carbon Composites, Inc., subsidiary located in Gardena/Los Angeles (California) announced today that it has entered into agreements with The Boeing Company to produce large composite tailcone structures for up to 60 more C-17 Globemaster III transport aircrafts for the US armed forces. This is in addition to the 110 already delivered to Boeing and the 14 units remaining to be built under the first contract. Hitco will produce around 20 units per year beginning in 2004. "Hitco is pleased to continue its participation in the C-17 Globemaster III program," said Paul Pendorf, President of Hitco. "The C-17 is the world's most versatile airlifter. It serves all logistics requirements of the US armed forces and its allies."

Hitco Carbon Composites, Inc., is part of the business unit SGL Technologies and manufactures advanced composite materials for defense, aerospace and industrial applications. Products range from solid rocket motor nozzle assemblies, aircraft assemblies, wet and dry friction applications such as military aircraft and automobile racing carbon-carbon brakes, automotive torque control assemblies and transmissions, to materials for industrial insulation for the aluminum and steel industries, chemical process industries and petroleum plants among others. HITCO continues to be an innovative leader in the advancement of carbon composite technologies.

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.