<SEC-DOCUMENT>0000930413-14-002401.txt : 20140508
<SEC-HEADER>0000930413-14-002401.hdr.sgml : 20140508
<ACCEPTANCE-DATETIME>20140508131808
ACCESSION NUMBER:		0000930413-14-002401
CONFORMED SUBMISSION TYPE:	DFAN14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20140508
DATE AS OF CHANGE:		20140508
EFFECTIVENESS DATE:		20140508

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GRAFTECH INTERNATIONAL LTD
		CENTRAL INDEX KEY:			0000931148
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRICAL INDUSTRIAL APPARATUS [3620]
		IRS NUMBER:				061385548
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DFAN14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13888
		FILM NUMBER:		14824051

	BUSINESS ADDRESS:	
		STREET 1:		12900 SNOW ROAD
		CITY:			PARMA
		STATE:			OH
		ZIP:			44130
		BUSINESS PHONE:		2166762000

	MAIL ADDRESS:	
		STREET 1:		12900 SNOW ROAD
		CITY:			PARMA
		STATE:			OH
		ZIP:			44130

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UCAR INTERNATIONAL INC
		DATE OF NAME CHANGE:	19941011

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Milikowsky Nathan
		CENTRAL INDEX KEY:			0001506746

	FILING VALUES:
		FORM TYPE:		DFAN14A

	MAIL ADDRESS:	
		STREET 1:		C/O JORDANMILL VENTURES, LLC
		STREET 2:		822 BOYLSTON STREET, SUITE 106
		CITY:			CHESTNUT HILL
		STATE:			MA
		ZIP:			02467
</SEC-HEADER>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="background-color: white"><B>UNITED
STATES</B></FONT><B><BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="background-color: white"><B>SCHEDULE
14A</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="background-color: white">Proxy
Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934<BR>
<BR>
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Filed
by the Registrant </FONT>[_]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Filed
by a Party other than the Registrant </FONT>[X]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Check the appropriate box:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">[_]&#9;Preliminary Proxy Statement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">[_]&#9;<B>Confidential, for Use of the Commission Only (as
permitted by Rule 14a-6(e)(2))</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">[_]&#9;Definitive Proxy Statement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">[X]&#9;Definitive Additional Materials</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">[_]&#9;Soliciting Material under &sect;240.14a-12</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRAFTECH
INTERNATIONAL LTD.</B></FONT><BR>
<FONT STYLE="font-size: 8pt">(Name of Registrant as Specified In Its Charter)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="background-color: white"><B>NATHAN
MILIKOWSKY</B></FONT><B><BR>
<FONT STYLE="background-color: white">DANIEL MILIKOWSKY</FONT><BR>
<FONT STYLE="background-color: white">NM GTI INVESTMENTS LLC</FONT><BR>
<FONT STYLE="background-color: white">DANIEL MILIKOWSKY FAMILY HOLDINGS, LLC</FONT><BR>
<FONT STYLE="background-color: white">THE DANIEL AND SHARON MILIKOWSKY FAMILY FOUNDATION, INC.</FONT><BR>
<FONT STYLE="background-color: white">THE REBECCA AND NATHAN MILIKOWSKY FAMILY FOUNDATION</FONT><BR>
<FONT STYLE="background-color: white">KAREN FINERMAN</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; background-color: white"><B>DAVID
R. JARDINI</B></FONT><BR>
<BR>
<FONT STYLE="font-size: 8pt">(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</FONT></P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0">Payment of Filing Fee (Check the appropriate box):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">[X]<FONT STYLE="font-size: 8pt">&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>No fee required.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">[_]<FONT STYLE="font-size: 8pt">&#9;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fee computed on
table below per Exchange Act Rules 14a-6(i)(1) and 0-11.</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(1)</FONT></TD><TD>Title of each class of securities to which transaction applies:</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(2)</FONT></TD><TD>Aggregate number of securities to which transaction applies:</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(4)</FONT></TD><TD>Proposed maximum aggregate value of transaction:</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">[_]<FONT STYLE="font-size: 8pt">&#9;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fee paid previously
with preliminary materials.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-indent: -0.5in">[_]<FONT STYLE="font-size: 8pt">&#9;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check
box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting
fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of
its filing.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in">&nbsp;</P>

<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">NATHAN MILIKOWSKY<BR>
DANIEL MILIKOWSKY<BR>
NM GTI INVESTMENTS LLC<BR>
DANIEL MILIKOWSKY FAMILY HOLDINGS, LLC<BR>
THE DANIEL AND SHARON MILIKOWSKY FAMILY FOUNDATION, INC.<BR>
THE REBECCA AND NATHAN MILIKOWSKY FAMILY FOUNDATION<BR>
KAREN FINERMAN<BR>
DAVID R. JARDINI</P>

<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&ldquo;SAVE GRAFTECH&rdquo; COMMENTS ON ISS
RESPONSE TO LETTER FROM GRAFTECH CEO</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>ISS Reiterates Support FOR All Three &ldquo;Save
GrafTech&rdquo; Nominees</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Former Director Sues GrafTech for Defamation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>NEW YORK,
May 8, 2014 &ndash; </B></FONT>Save GrafTech, an investor group led by Nathan Milikowsky, a holder of over 11.2% of the common
stock of GrafTech International Ltd. (NYSE:&nbsp; GTI), today commented on the proxy alert issued by leading proxy advisory firm
Institutional Shareholder Services Inc. (&ldquo;ISS&rdquo;) in response to a letter it received from GrafTech.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On May 2, 2014, ISS recommended that GrafTech shareholders vote
the BLUE proxy card FOR Karen Finerman, David Jardini and Nathan Milikowsky at GrafTech&rsquo;s 2014 Annual Meeting of Stockholders
to be held on May 15, 2014. ISS has recommended that GrafTech stockholders specifically &ldquo;DO NOT VOTE&rdquo; on the Company&rsquo;s
white proxy card.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On May 6, 2014, GrafTech sent a letter to ISS, which requested ISS
&ldquo;immediately publicly correct certain material misstatements and omissions included in ISS&rsquo;s report.&rdquo; ISS responded
to the Company on May 7, 2014 in a proxy alert, which refuted and debunked the points raised in GrafTech&rsquo;s letter and reiterated
ISS&rsquo;s recommendation that GrafTech&rsquo;s shareholders vote the BLUE proxy card FOR all three Save GrafTech nominees, Karen
Finerman, David Jardini and Nathan Milikowsky.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">ISS&rsquo;s response also referenced a lawsuit filed on May 7, 2014
against GrafTech by former GrafTech director Michael Nahl, alleging the company in its proxy statement &ldquo;defames and disparages
Mr. Nahl by falsely accusing him of corruption, dishonesty, conflict-of-interest, and breaches of fiduciary duty in discharging
his duties as a director of GrafTech.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0;">On behalf of Save GrafTech, Nathan Milikowsky
said, &ldquo;It is no surprise that GrafTech would publicly attack the only impartial proxy advisory firm that met with both sides
in this contest for not supporting its long-serving, incumbent directors in this contested election. GrafTech&rsquo;s latest action
confirms what we have believed and tried to present to our fellow shareholders all along &ndash; that the incumbent Board is focused
on a campaign of obfuscation, rather than on improving GrafTech&rsquo;s operations and delivering value to its shareholders. It
seems as if their approach is to attack any person or entity that doesn&rsquo;t agree with them, even shareholders, directors and
completely impartial advisory firms who have carefully weighed the facts.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Mr. Milikowsky added, &ldquo;GrafTech&rsquo;s Board has a history
of launching public smear campaigns against individuals who disagree with them, and we are pleased that Mr. Nahl&rsquo;s lawsuit
is seeking to hold them accountable for their actions. We strongly urge shareholders to follow ISS&rsquo;s recommendation by voting
for all three Save GrafTech nominees and finally unseating three GrafTech directors who have overseen massive value destruction
and are willing to attack any person or organization who threatens their continued entrenchment. It is time for your Board to represent
you, the owners of the business, and cease wasting your money on personal attacks unrelated to the performance of the business.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">ISS&rsquo;s response to GrafTech&rsquo;s letter noted*:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>In response to GrafTech&rsquo;s assertion that it is &ldquo;highly
misleading for ISS to refer to the Company as underperforming or as a troubled company&rdquo;:</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt/115% Symbol">&#183;</FONT></TD><TD>&ldquo;The TSR analysis demonstrated underperformance versus the median of GrafTech&rsquo;s graphite electrode peers by 169
percentage points (ppts), 36 ppts, and 32 ppts, respectively, over the 10-, 5- and 3-year periods through the date [Save GrafTech]
announced they would run a proxy contest. The 11-paragraph analysis of operating and financial performance, which begins with the
observation that &lsquo;The decline of the company&rsquo;s profitability, notably EBIT, EPS, Cash Flow, ROA and ROE, since 2008
is apparent,&rsquo; walks the reader through a trend analysis of these and other key performance metrics. The M&amp;A Edge report
to which the</TD></TR></TABLE>
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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&nbsp;</TD><TD>company&rsquo;s letter specifically refers also prominently features two tables summarizing key financial metrics
and ratios, drawn from Bloomberg data, to illustrate this analysis.&rdquo;</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>In response to GrafTech&rsquo;s assertion that it &ldquo;has
not stated that Nathan Milikowsky has deep understanding of the industry or could bring significant strengths as a director&rdquo;
and that the Company&rsquo;s acknowledgement of Mr. Milikowsky&rsquo;s &ldquo;financial acumen and deep understanding the industry&rdquo;
is &ldquo;blatantly false and wrongly attributed to the Company&rdquo;:</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt/115% Symbol">&#183;</FONT></TD><TD>&ldquo;These statements in the ISS report were based on comments from GrafTech directors during the engagement meeting with
ISS, and were recorded in contemporaneous notes taken by the research analyst during that engagement meeting. They are consistent
with other company statements which are part of the public record, as when during the Q1 2010 earnings call the company&rsquo;s
former CEO and current executive Chair, Craig Shular, observed to analysts and investors that Milikowsky &lsquo;is a very experienced
steel industry executive who brings very valuable business experience to our Board.&rsquo;&rdquo;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>In response to GrafTech&rsquo;s assertions that the statement
that Save GrafTech &ldquo;nominees Milikowsky and Jardini were responsible, as &lsquo;&hellip;co-founders and managers of C/G Electrodes
and Seadrift Coke, [for] growing that company from an initial investment of $6 million in 2003 to a valuation of $850 million at
its sale to GrafTech seven years later&rsquo; is &ldquo;materially misleading.&rdquo;:</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt/115% Symbol">&#183;</FONT></TD><TD>&ldquo;That two of the [Save GrafTech] nominees built a $6 million investment into a company they sold to GrafTech seven years
later for $850 million is material to the credentials of these nominees, regardless of whether their growth strategy included strategic
acquisitions. That the business itself was apparently so valuable these nominees were able, in the midst of the financial crisis,
to secure additional loans from investors, also speaks to the credibility of their industry knowledge and experience.&rdquo;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>In response to GrafTech&rsquo;s assertion that Mr. Milikowsky&rsquo;s
review proposal included a provision that he &ldquo;could not be removed from the Board if &ndash; once again &ndash; he did not
like or disagreed with the results of such review.&rdquo;:</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt/115% Symbol">&#183;</FONT></TD><TD>&ldquo;In an April 13, 2014 letter to current GrafTech CEO Joel Hawthorne outlining his offer, subsequently filed with the
SEC and is available to all shareholders, Milikowsky stated unequivocally that &ldquo;Should the law firm conclude that I do not
[meet GrafTech&rsquo;s standards for membership on the Board of Directors], I would promptly resign.&rdquo;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>In response to GrafTech&rsquo;s criticism that ISS&rsquo;s commentary
on the Special Committee investigation and subsequent settlement proposals &ldquo;conspicuously omits any description, timeline,
or discussion of key events.&rdquo;:</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt/115% Symbol">&#183;</FONT></TD><TD>&ldquo;ISS elected not to reproduce chapter and verse of the company&rsquo;s version of events. Instead, as the ISS reports
made clear, ISS elected to highlight for clients the proposals each side has made to resolve this impasse through independent third
party review, and what the details of those proposals suggest about the relative confidence each side has in what the evidence
will show.&rdquo;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Save GrafTech&rsquo;s proxy statement and presentation are available
at <FONT STYLE="color: Blue"><U>www.sec.gov</U></FONT> and <FONT STYLE="color: Blue"><U>www.SaveGrafTech.com</U></FONT>. Save
GrafTech urges shareholders to vote the BLUE proxy card FOR all three of Save GrafTech&rsquo;s director nominees today.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">* Permission to use quotations neither sought nor obtained</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Your Vote Is Important, No Matter How Many
Shares You Own.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border: Black 1pt solid">If you have questions
about how to vote your shares on the <B>BLUE</B> proxy card,<BR>
or need additional assistance, please contact
the firm assisting us in the proxy solicitation:<BR>
<BR>
<B>D.F. King &amp; Co., Inc.</B><BR>
Shareholders Call Toll-Free: (800) 628-8532</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border: Black 1pt solid">Banks and Brokers Call
Collect: (212) 269-5550<BR>
Email:
<FONT STYLE="color: Blue"><U>savegraftech@dfking.com</U></FONT><BR>
<BR>
<B>IMPORTANT</B><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase"><B>We
urge you <U>NOT</U> to sign any WHITE proxy card sent to you by GRAFTECH</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Media:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">George Sard/Ren&eacute;e Soto/Jared Levy</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Sard Verbinnen &amp; Co</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(212) 687-8080</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Important
information</B></FONT>&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">On April 15, 2014 Nathan Milikowsky,
Daniel Milikowsky, NM GTI Investments LLC, The Daniel Milikowsky Family Holdings, LLC, The Daniel and Sharon Milikowsky Family
Foundation, Inc., and The Rebecca and Nathan Milikowsky Family Foundation (collectively, &ldquo;Save GrafTech&rdquo;) filed with
the Securities and Exchange Commission (the &ldquo;SEC&rdquo;) and began distributing to the stockholders of GrafTech International,
Ltd. (the &ldquo;Company&rdquo;) a definitive proxy statement and form of proxy (the &ldquo;Proxy Statement&rdquo;) in connection
with the Company&rsquo;s 2014 annual meeting of stockholders. SAVE GRAFTECH STRONGLY ADVISES ALL STOCKHOLDERS OF THE COMPANY TO
CAREFULLY REVIEW THE PROXY STATEMENT BECAUSE IT CONTAINS IMPORTANT INFORMATION, INCLUDING INFORMATION RELATING TO SAVE GRAFTECH&rsquo;S
PARTICIPANTS IN SUCH PROXY SOLICITATION. SAVE GRAFTECH&rsquo;S PROXY STATEMENT, AS FILED, AND ANY FURTHER AMENDMENTS, SUPPLEMENTS
OR OTHER RELEVANT PROXY SOLICITATION DOCUMENTS ARE AVAILABLE AT NO CHARGE ON THE SEC&rsquo;S WEB SITE AT WWW.SEC.GOV<FONT STYLE="text-transform: uppercase">,
or by CONTACTING D.F. KING &amp; CO., INC. BY TELEPHONE AT THE FOLLOWING NUMBERS: BANKS AND BROKERS CALL COLLECT: (212) 269-5550
AND ALL OTHERS, INCLUDING SHAREHOLDERS, CALL TOLL-FREE: (800) 628-8532. </FONT></P>



<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"></P>
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