[GRAPHIC OMITTED] UCAR INTERNATIONAL INC. BRANDYWINE WEST, 1521 CONCORD PIKE, SUITE 301, WILMINGTON, DE 19803 N E W S R E L E A S E FOR IMMEDIATE RELEASE CONTACT: Elise A. Garofalo Director of Investor Relations 302-778-8227 UCAR COMPLETES $400 MILLION SENIOR NOTE OFFERING Wilmington, DE - February 15, 2002 - UCAR International Inc. (NYSE:UCR) today announced that the closing of its $400 million private offering of Senior Notes due 2012 was completed earlier today. The deal was upsized from $250 million. The Senior Notes have an annual coupon rate of 10.25 percent. The issue price of the Senior Notes is 100 percent of principal amount plus accrued interest, with the first semi-annual interest payment due on August 15, 2002. The Company intends to use the net proceeds from this offering for the repayment of debt under its senior secured credit facilities. The notes have not been and will not be registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent such registration or an applicable exemption from the registration requirements of the Securities Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, the notes in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. UCAR INTERNATIONAL PROVIDES NATURAL AND SYNTHETIC GRAPHITE AND CARBON PRODUCTS AND SERVICES TO CUSTOMERS IN THE STEEL, ALUMINUM, FUEL CELL POWER GENERATION, ELECTRONICS, SEMICONDUCTOR AND TRANSPORTATION INDUSTRIES. NOTE: THIS NEWS RELEASE CONTAINS FORWARD LOOKING STATEMENTS AS DEFINED IN THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. THESE INCLUDE STATEMENTS ABOUT SUCH MATTERS AS THE USE OF PROCEEDS OF A PRIVATE PLACEMENT. WE HAVE NO DUTY TO UPDATE SUCH STATEMENTS. ACTUAL FUTURE EVENTS AND CIRCUMSTANCES (INCLUDING FUTURE RESULTS) COULD DIFFER MATERIALLY FROM THOSE SET FORTH IN THESE STATEMENTS DUE TO VARIOUS FACTORS. THESE FACTORS INCLUDE POSSIBLE CHANGES IN THE BUSINESS, PROSPECTS, RESULTS OF OPERATION OR FINANCIAL CONDITION OF UCAR INTERNATIONAL AND OTHER RISKS AND UNCERTAINTIES, INCLUDING THOSE DETAILED IN FILINGS BY UCAR INTERNATIONAL WITH THE SEC.