SGL CARBON SE — Capital/Financing Update 2007

May 8, 2007

News Details

Ad-hoc | 8 May 2007 08:42

SGL CARBON AG: SGL Carbon AG issues variable interest-bearing corporate bond

SGL Carbon AG / Issue of Debt

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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· Issue volume of approx. Euro 175 million
· SGL Group refinances existing debt

Wiesbaden, May 8, 2007. The Board of Management of SGL Carbon AG ('SGL'),
with the consent of the Supervisory Board, decided today to issue a
variable interest-bearing corporate bond to institutional investors
internationally (outside the US).

The volume of the corporate bond is approx. Euro 175 million. The
securities have a minimum denomination of Euro 50,000 and an expected
maturity until May 2015. The pricing of the placement is expected on May
11, 2007 with a settlement to take place on or around May 16, 2007. SGL
intends to list the corporate bond for trading on the Euro MTF segment of
the Luxembourg Stock Exchange. Deutsche Bank, Morgan Stanley and LBBW are
acting as joint lead managers in connection with the placement of the
corporate bond.
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
S.A. and guaranteed by SGL in February 2004 in the amount of Euro 270
million. SGL will satisfy and discharge its obligations under the 2004 high
yield bond by depositing German government bonds for payment of aggregate
interest, principal and pre-payment costs until the first possible
repayment date on February 1, 2008. 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 Euro 200 million
convertible bond with a coupon of 0.75%, a conver-sion price per share of
Euro 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
Euro 200 million.

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

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Information and Explaination of the Issuer to this News:

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.

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

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 experi-ence in matters relating to
investment falling within article 19(5) of the Financial Services and
Markets Act 2000 (Finan-cial 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.

Contact person for institutional Investors and Analysts:
Corporate Communications / Investor Relations / Raj Roychowdhury
Phone : +49 611 60 29 106 / Fax : +49 6 11 60 29 101 / Mobil : +49 172 671
7445
e-mail : raj.roychowdhury@sglcarbon.de / Internet : www.sglcarbon.de

Contact person for journalists:
Corporate Communications / Media Relations / Stefan Wortmann
Phone : +49 611 60 29 105 / Fax : +49 6 11 60 29 101 / Mobil : +49 170 540
2667
e-mail : stefan.wortmann@sglcarbon.de / Internet : www.sglcarbon.de

DGAP 08.05.2007

Language: English
Issuer: SGL Carbon AG
Rheingaustraße 182
65203 Wiesbaden Deutschland
Phone: +49 (0)611 6029 - 0
Fax: +49 (0)611 6029 - 101
E-mail: vaness.rau@sglcarbon.de
www: www.sglcarbon.de
ISIN: DE0007235301
WKN: 723530
Indices: MDAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin-Bremen, Hannover, Düsseldorf, Hamburg, München,
Stuttgart

End of News DGAP News-Service

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