Scott+Scott, LLC Sues Graphite and Carbon Product Manufacturer, GrafTech International, Ltd., on Behalf of Investors -- GTI


COLCHESTER, Conn., Feb. 28, 2006 (PRIMEZONE) -- Scott+Scott, LLC (www.scott-scott.com) filed a securities class action in Delaware federal court on behalf of purchasers of GrafTech International Ltd. ("GrafTech" or the "Company") (NYSE:GTI) securities from November 3, 2005, through February 8, 2006, inclusive (the "Class Period"). GrafTech provides synthetic and natural graphite and carbon-based products, as well as technical and R&D services. Its synthetic graphite products include: graphite electrodes, cathodes, and advanced synthetic graphite products. The complaint charges GrafTech and certain of its officers and directors with violations of the Securities Exchange Act of 1934.

If you purchased GrafTech securities during the Class Period and wish to serve as a lead plaintiff in the action, you must move the court no later than 60 days from today. Any purported class member may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you wish to discuss this action or have questions concerning this notice or your rights, please contact Scott+Scott partner David R. Scott (drscott@scott-scott.com, 800/404-7770) or visit the Scott+Scott website, www.scott-scott.com, for more information. There is no cost or fee to you.

During the Class Period, according to the complaint, defendants made materially false and misleading statements regarding the Company's business prospects, which served to artificially inflate the price of the Company's securities. Specifically, defendants knew and concealed that: (i) pricing power for the Company's graphite electrode products was nonexistent, particularly in the European markets; (ii) announced cost-cutting measures were insufficient to improve the Company's bottom line; (iii) contraction in the non-graphite market was contributing to the Company's financial woes; (iv) the Company was unable to accurately forecast growth and report guidance; and (v) the Company's inability to determine the required extent of its restructuring activities and charges necessary to counter the costs of its staggering debt and loss of pricing power grossly understated the true costs the Company would incur in restructuring.

On February 8, 2006, GrafTech revealed the truth about its business prospects. As a result, the price of GrafTech shares plunged 37.0%, on unusually high volume, falling from $7.31 per share on February 8, 2006 to $4.60 per share on February 9, 2006, for a one-day drop of $2.71 per share, on volume of 9.8 million shares, nearly twelve times the average daily trading volume.

The plaintiff is represented by Scott+Scott, a firm with significant experience in prosecuting investor class actions. The firm dedicates itself to client communication and satisfaction and currently is litigating major securities, antitrust and employee retirement plan actions throughout the United States. The firm represents pension funds, charities, foundations, individuals and other entities worldwide. Cases currently being litigated and/or investigated by Scott+Scott include: Priceline.com; Guidant Corp.; Halliburton; and Faro Tech., among others. Its success has brought shareholders hundreds of millions of dollars in cases against Mattel, Royal Dutch/Shell, Sprint and ImClone, among others.