[UCAR LOGO] UCAR INTERNATIONAL INC. BRANDYWINE WEST, 1521 CONCORD PIKE, SUITE 301, WILMINGTON, DE 19803 NEWS RELEASE FOR IMMEDIATE RELEASE CONTACT: Elise A. Garofalo Director of Investor Relations 302-778-8227 UCAR COMPLETES $150 MILLION OFFERING OF ADDITIONAL SENIOR NOTES Wilmington, DE - May 6, 2002 - UCAR International Inc. (NYSE: UCR) today announced that the closing of its $150 million private offering of additional Senior Notes due 2012 was completed earlier today. The issue price of the additional Senior Notes was 104.5 percent of principal amount, plus accrued interest, with the first semi-annual interest payment due August 15, 2002. The additional Senior Notes have an annual coupon rate of 10.25 percent and, as a result of the price, the yield to maturity on the additional Senior Notes is approximately 9.53 percent. The Company intends to use the net proceeds from this offering for the repayment of debt under its senior secured credit facilities. The additional Senior 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 additional Senior 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.