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<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>As filed with the
Securities and Exchange Commission on June 28, 2006  </FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>Registration No.
333-___________ </FONT></P><HR ALIGN=LEFT WIDTH=100% SIZE=4 NOSHADE>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>Washington, D.C. 20549 </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FORM S-8<BR><BR>
REGISTRATION STATEMENT <BR>UNDER <BR>THE SECURITIES ACT OF 1933</FONT></H1>

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<P ALIGN=CENTER><IMG SRC="graftechcoverlogo.jpg"><BR><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>GRAFTECH
INTERNATIONAL LTD. </B><BR>(Exact Name of Registrant as Specified in Its Charter) </FONT></P>

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     <TH></TH>
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     <TD WIDTH=69% ALIGN=CENTER><FONT SIZE="2"><B>Delaware</B> </FONT></TD>
     <TD WIDTH=30% ALIGN=CENTER><FONT SIZE="2"><B>06-1385548</B> </FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT SIZE="2">(State or Other Jurisdiction of </FONT></TD>
     <TD ALIGN=CENTER><FONT SIZE="2">(I.R.S. Employer </FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT SIZE="2">Incorporation or Organization) </FONT></TD>
     <TD ALIGN=CENTER><FONT SIZE="2">Identification No.) </FONT></TD></TR>
</TABLE>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
<B>12900 Snow Road<BR>
Parma, Ohio  44130<BR>
(216) 676-2000</B><BR>
(Address of Principal Executive Offices and Zip Code)  </FONT> </P>



<p ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>GrafTech International Ltd. 2005 Equity Incentive Plan <BR>
UCAR Carbon Savings Plan <BR>GrafTech International
Ltd. Management Stock Incentive Plan (Original Version)<BR> GrafTech International Ltd.
1995 Equity Incentive Plan<BR>GrafTech International
Ltd. Management Stock Incentive Plan (Senior Version)<BR>GrafTech International Ltd. 1996
Mid-Management Equity Incentive Plan<BR>GrafTech International
Ltd. Management Stock Incentive Plan (Mid-Management Version)</B><BR>
(Full Title of the
Plan)  </FONT></p>




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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Gary R. Whitaker, Esq.<BR>
General Counsel, Vice President and Secretary<BR>
12900 Snow Road<BR>
Parma, Ohio  44130</B>
<BR>(Name and Address of Agent for Service)</FONT><BR><BR></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>(216) 676-2426</B>
<BR>(Telephone Number, Including Area Code, of Agent for Service)<BR><BR>
<I>Copy To:</I><BR>
<B>M. Ridgway Barker, Esq.</B><BR>
<B>Kelley Drye &amp; Warren LLP </B><BR>
<B>Two Stamford Plaza</B><BR><B>281 Tresser Boulevard </B><BR>
<B>Stamford, CT  06901 </B><BR>
<B>(203) 324-1400</B> </FONT></P>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CALCULATION OF
REGISTRATION FEE </FONT></H1>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 ALIGN=Center WIDTH=600>
<TR VALIGN=Bottom>
     <TH COLSPAN="5"><FONT FACE="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT><HR NOSHADE COLOR=#000000 SIZE="2"></TH></TR>
<TR VALIGN=Bottom>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Title of Securities <BR>To Be Registered </FONT><HR NOSHADE COLOR=#000000 SIZE=1></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Amount To Be <BR>Registered </FONT><HR NOSHADE COLOR=#000000 SIZE=1></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Proposed Maximum <BR>Offering Price Per <BR>Share(1) </FONT><HR NOSHADE COLOR=#000000 SIZE=1></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Proposed Maximum <BR> Aggregate Offering <BR>Price</FONT><HR NOSHADE COLOR=#000000 SIZE=1></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Amount of <BR>Registration Fee </FONT><HR NOSHADE COLOR=#000000 SIZE=1></TH></TR>
<TR VALIGN="BOTTOM">
     <TD WIDTH="23%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Common Stock, par value</FONT></TD>
     <TD WIDTH="20%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="19%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="19%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="19%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$0.01 per share(2)(5)</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1,000,000 Shares</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$5.56</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$5,560,000.00</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$594.92</FONT></TD></TR>
<TR>
     <TD ALIGN=RIGHT><HR NOSHADE COLOR=#000000 SIZE=1></TD>
     <TD ALIGN=RIGHT><HR NOSHADE COLOR=#000000 SIZE=1></TD>
     <TD ALIGN=RIGHT><HR NOSHADE COLOR=#000000 SIZE=1></TD>
     <TD ALIGN=RIGHT><HR NOSHADE COLOR=#000000 SIZE=1></TD>
     <TD ALIGN=RIGHT><HR NOSHADE COLOR=#000000 SIZE=1></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Common Stock, par value<BR>
$0.01 per share(3)(5)</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4,800,000 Shares</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$5.56</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$26,688,000.00</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$2,855.62</FONT></TD></TR>
<TR>
     <TD ALIGN=RIGHT><HR NOSHADE COLOR=#000000 SIZE=1></TD>
     <TD ALIGN=RIGHT><HR NOSHADE COLOR=#000000 SIZE=1></TD>
     <TD ALIGN=RIGHT><HR NOSHADE COLOR=#000000 SIZE=1></TD>
     <TD ALIGN=RIGHT><HR NOSHADE COLOR=#000000 SIZE=1></TD>
     <TD ALIGN=RIGHT><HR NOSHADE COLOR=#000000 SIZE=1></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Common Stock, par value<BR>
$0.01 per share(4)(5)</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>9,601,034 Shares</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$5.56</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$53,381,749.04</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$5,711.85</FONT></TD></TR>
<TR>
     <TD ALIGN=RIGHT><HR NOSHADE COLOR=#000000 SIZE=1></TD>
     <TD ALIGN=RIGHT><HR NOSHADE COLOR=#000000 SIZE=1></TD>
     <TD ALIGN=RIGHT><HR NOSHADE COLOR=#000000 SIZE=1></TD>
     <TD ALIGN=RIGHT><HR NOSHADE COLOR=#000000 SIZE=1></TD>
     <TD ALIGN=RIGHT><HR NOSHADE COLOR=#000000 SIZE=1></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Totals</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>15,401,034 Shares</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$5.56</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$85,629,749.04</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$9,162.39</FONT></TD></TR>
<TR>
     <TD ALIGN=RIGHT><HR NOSHADE COLOR=#000000 SIZE=2></TD>
     <TD ALIGN=RIGHT><HR NOSHADE COLOR=#000000 SIZE=2></TD>
     <TD ALIGN=RIGHT><HR NOSHADE COLOR=#000000 SIZE=2></TD>
     <TD ALIGN=RIGHT><HR NOSHADE COLOR=#000000 SIZE=2></TD>
     <TD ALIGN=RIGHT><HR NOSHADE COLOR=#000000 SIZE=2></TD></TR>
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          <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(1)</FONT></TD>
          <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          The price is estimated solely for the purpose of calculating the registration
          fee pursuant to Rule&nbsp;457(c) and represents the average high and low trading
          prices of the common stock, as reported on the New York Stock Exchange, on June 22, 2006. </FONT></TD>
          </TR>
          </TABLE>
          <BR>

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          <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(2)</FONT></TD>
          <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Includes shares reserved for
contribution to the UCAR Carbon Savings Plan (as it may be amended from time to time, the
&#147;Savings Plan&#148; ) and rights associated with such shares pursuant to the Rights
Agreement dated August 7, 1998 between GrafTech International Ltd. and Computershare
Investor Services, LLC, as amended (the &#147;Rights Agreement&#148;).
 </FONT></TD>
          </TR>
          </TABLE>
          <BR>

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          <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(3)</FONT></TD>
          <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          Includes 3,565,127 shares reserved under the GrafTech International Ltd.
          (&#147;GrafTech&#148;) 2005 Equity Incentive Plan (as it may be amended from
          time to time, the &#147;2005 Plan&#148;) and rights associated with such shares
          pursuant to the Rights Agreement. Also includes 1,234,873 shares subject to
          restricted stock and deferred stock awards outstanding under the 2005 Plan, to
          the extent that such shares become available, pursuant to the terms of the 2005
          Plan, for future awards under the 2005 Plan upon a forfeiture of such
          outstanding awards. Also includes rights associated with such shares pursuant to
          the Rights Agreement. </FONT></TD>
          </TR>
          </TABLE>
          <BR>

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          <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(4)</FONT></TD>
          <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          Includes shares subject to option, unvested restricted stock and deferred stock
          awards outstanding as of May 25, 2005 under the GrafTech Management Stock
          Incentive Plan (Original Version), the GrafTech 1995 Equity Incentive Plan, the
          GrafTech Management Stock Incentive Plan (Senior Version), the GrafTech 1996
          Mid-Management Equity Incentive Plan and the GrafTech Management Stock Incentive
          Plan (Mid-Management Version) (together with the 2005 Plan and the Savings Plan,
          the &#147;Plans&#148;) to the extent that such shares become available, pursuant
          to the terms of the applicable Plan, for future awards under such Plan upon a
          forfeiture of such outstanding awards. Also includes rights associated with such
          shares pursuant to the Rights Agreement. </FONT></TD>
          </TR>
          </TABLE>
          <BR>

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          <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(5)</FONT></TD>
          <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          Also includes such additional indeterminate number of securities as may be
          issued pursuant to antidilution or variable exercise, conversion or exchange
          price or rate provisions of securities registered hereunder. No separate
          consideration will be received for any securities so issued. </FONT></TD>
          </TR>
          </TABLE>
          <BR>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXPLANATORY NOTE </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
May 25, 2005, our stockholders approved the 2005 Plan. The 2005 Plan provides that the
GrafTech Management Stock Incentive Plan (Original Version), the GrafTech Management Stock
Incentive Plan (Senior Version), the GrafTech Management Stock Incentive Plan
(Mid-Management Version), the GrafTech 1995 Equity Incentive Plan and the GrafTech 1996
Mid-Management Equity Incentive Plan (the &#147;Frozen Plans&#148;) are frozen and will
remain in effect only to the extent of awards outstanding on May 25, 2005. The 2005 Plan
initially covers 4,800,000 shares. Shares under the Frozen Plans are added to and become
available for awards under the 2005 Plan to the extent (but only to the extent) that
awards outstanding on May 25, 2005 under the Frozen Plans expire or are canceled or
forfeited. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
order to simplify administration of the Plans, we are also registering under this
registration statement the issuance under the Plans, other than the 2005 Plan, of shares
under outstanding option and deferred stock awards and are withdrawing the registration
thereof under each applicable previously filed registration statement (Nos. 333-95546,
333-75774, 333-82411, 333-02560 and 333-95550) covering such shares. As a result, all
shares issuable under all of our equity incentive plans will be registered under a single
registration statement. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, our Board of Directors and its Compensation Committee have reserved 1,000,000
additional shares to fund contributions to the Savings Plan. Such shares are contributed
at pay dates for the applicable payroll periods, at fair market value on the date of
contribution. This registration statement also covers registration of those shares. </FONT></P>


<PAGE>







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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>PART I </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>INFORMATION REQUIRED
IN THE SECTION 10(a) PROSPECTUS </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
documents containing the information specified by Part I of this Registration Statement on
Form S-8 (this &#147;Registration Statement&#148;) will be sent or given to participants
in the Plans by GrafTech International Ltd., a Delaware corporation (the
&#147;Registrant&#148;), as specified in Rule 428(b)(1) promulgated by the Securities and
Exchange Commission (the &#147;Commission&#148;) under the Securities Act of 1933, as
amended (the &#147;Securities Act&#148;). Such documents are not being filed with the
Commission but constitute (along with the documents incorporated by reference into this
Registration Statement pursuant to Item 3 of Part II hereof) a prospectus that meets the
requirements of Section 10(a) of the Securities Act. </FONT></P>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>PART II </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>INFORMATION REQUIRED
IN THE REGISTRATION STATEMENT </FONT></H1>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 3.&nbsp;&nbsp;Incorporation of Documents
by Reference. </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following documents have been filed by the Registrant with the Commission pursuant to the
Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), and are hereby
incorporated by reference in this Registration Statement: </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The Registrant&#146;s Annual Report on Form 10-K for the fiscal year ended
          December 31, 2005, filed with the current Commission on March 16, 2006
          (&#147;2005 Form 10-K&#148;). </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The Registrant&#146;s Quarterly Report on Form 10-Q for the period ended March
          31, 2006, as filed with the Commission on May 19, 2006. </FONT></P>



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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          The
Registrant&#146;s Current Reports on Form&nbsp;8-K, filed with the           Commission
on February 9, 2006, except for Item 2.02 contained therein, March 9,           2006,
except for Item 2.02 contained therein, April 3, 2006, May 1, 2006 and May           8,
2006.  </FONT></P>




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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The portions of the Registrant&#146;s annual Proxy Statement relating to its
          Annual Meeting of Stockholders to be held on May 24, 2006, filed with the
          Commission on April 13, 2006, that have been incorporated by reference into the
          2005 Form&nbsp;10-K. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The description of the Registrant&#146;s Common Stock contained in its
          Registration Statement on Form 8-A (File No. 1-13888), filed with the Commission
          under Section 12 of the Exchange Act on July 28, 1995. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The description of the Registrant&#146;s Common Stock contained in amendment no.
          2 to its Registration Statement on Form 8-A (File No. 1-13888), filed with the
          Commission under Section 12 of the Exchange Act on April 21, 2004. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The description of the Registrant&#146;s preferred share purchase rights
          contained in its Registration Statement on Form 8-A (File No. 1-13888), filed
          with the Commission under Section 12 of the Exchange Act on September 10, 1998. </FONT></P>


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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The description of the Registrant&#146;s preferred share purchase rights
          contained in amendment no. 2 to its Registration Statement on Form 8-A (File No.
          1-13888), filed with the Commission under Section 12 of the Exchange Act on
          April 21, 2004. </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1 </FONT></P>

<PAGE>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
documents subsequently filed by the Registrant with the Commission pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective
amendment which indicates that all securities offered have been sold or which deregisters
all securities then remaining unsold, shall be deemed to be incorporated by reference in
this Registration Statement and to be a part hereof from the date of filing of such
documents. </FONT></P>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 4.&nbsp;&nbsp;Description of
Securities. </FONT></H1>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable.</FONT></P>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 5.&nbsp;&nbsp;Interest of
Named Experts and Counsel. </FONT></H1>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable.</FONT></P>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 6.&nbsp;&nbsp;Indemnification
of Directors and Officers. </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Registrant maintains a director&#146;s and officer&#146;s liability insurance policy which
indemnifies directors and officers for certain losses arising from claims by reason of a
wrongful act, as defined therein, under certain circumstances. Directors and officers
insured under the policy include directors and officers of subsidiaries of the Registrant. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, the following information is incorporated by reference in this Registration
Statement: the information included in the description of the Registrant&#146;s capital
stock contained in the Registrant&#146;s registration statement on Form 8-A dated
July&nbsp;28, 1995, as updated by any amendment or report filed for the purpose of
updating such description; the information included in the description of the
Registrant&#146;s preferred stock purchase rights contained in the Registrant&#146;s
registration statement on Form 8-A dated September 10, 1998, as updated by any amendment
or report filed for the purpose of updating such description; Articles Tenth and Eleventh
of the Amended and Restated Certificate of Incorporation of the Registrant incorporated by
reference as Exhibit 4.1 to the Registration Statement on Form S-3, as amended (File No.
333-63848) filed on June 26, 2001; and Article V of the Amended and Restated By-Laws of
the Registrant incorporated by reference as Exhibit 4.2 to that Registration Statement.
Article V of those By-Laws also covers directors and officers of subsidiaries of the
Registrant. The provisions of the documents included in the information incorporated by
reference above refer to or are based upon Sections 145 and 102(b) of the General
Corporation Law of the State of Delaware (the &#147;Law&#148;). </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
145 of the Law provides as follows: </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          A corporation shall have power to indemnify any person who was or is a party or
          is threatened to be made a party to any threatened, pending or completed action,
          suit or proceeding, whether civil, criminal, administrative or investigative
          (other than an action by or in the right of the corporation) by reason of the
          fact that the person is or was a director, officer, employee or agent of the
          corporation, or is or was serving at the request of the corporation as a
          director, officer, employee or agent of another corporation, partnership, joint
          venture, trust or other enterprise, against expenses (including attorneys&#146;
          fees), judgments, fines and amounts paid in settlement actually and reasonably
          incurred by the person in connection with such action, suit or proceeding if the
          person acted in good faith and in a manner the person reasonably believed to be
          in or not opposed to the best interests of the corporation, and, with respect to
          any criminal action or proceeding, had no reasonable cause to believe the
          person&#146;s conduct was unlawful.  The termination of any action, suit or proceeding by judgment, order,
          settlement, conviction, or upon a plea of nolo contendere or its equivalent,
          shall not, of itself, create a presumption that the person did not act in good
          faith and in a manner which the person reasonably believed to be in or not
          opposed to </FONT></P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2 </FONT></P>

<PAGE>



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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>the best interests of the corporation, and, with respect to any
          criminal action or proceeding, had reasonable cause to believe that the
          person&#146;s conduct was unlawful. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          A corporation shall have power to indemnify any person who was or is a party or
          is threatened to be made a party to any threatened, pending or completed action
          or suit by or in the right of the corporation to procure a judgment in its favor
          by reason of the fact that the person is or was a director, officer, employee or
          agent of the corporation, or is or was serving at the request of the corporation
          as a director, officer, employee or agent of another corporation, partnership,
          joint venture, trust or other enterprise against expenses (including
          attorneys&#146; fees) actually and reasonably incurred by the person in
          connection with the defense or settlement of such action or suit if the person
          acted in good faith and in a manner the person reasonably believed to be in or
          not opposed to the best interests of the corporation and except that no
          indemnification shall be made in respect of any claim, issue or matter as to
          which such person shall have been adjudged to be liable to the corporation
          unless and only to the extent that the Court of Chancery or the court in which
          such action or suit was brought shall determine upon application that, despite
          the adjudication of liability but in view of all the circumstances of the case,
          such person is fairly and reasonably entitled to indemnity for such expenses
          which the Court of Chancery or such other court shall deem proper. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          To the extent that a present or former director or officer of a corporation has
          been successful on the merits or otherwise in defense of any action, suit or
          proceeding referred to in subsections (a) and (b) of this section, or in defense
          of any claim, issue or matter therein, such person shall be indemnified against
          expenses (including attorneys&#146; fees) actually and reasonably incurred by
          such person in connection therewith. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Any indemnification under subsections (a) and (b) of this section (unless
          ordered by a court) shall be made by the corporation only as authorized in the
          specific case upon a determination that indemnification of the present or former
          director, officer, employee or agent is proper in the circumstances because the
          person has met the applicable standard of conduct set forth in subsections (a)
          and (b) of this section. Such determination shall be made, with respect to a
          person who is a director or officer at the time of such determination, (1) by a
          majority vote of the directors who are not parties to such action, suit or
          proceeding, even though less than a quorum, or (2) by a committee of such
          directors designated by majority vote of such directors, even though less than a
          quorum, or (3) if there are no such directors, or if such directors so direct,
          by independent legal counsel in a written opinion, or (4) by the stockholders. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Expenses (including attorneys&#146; fees) incurred by an officer or director in
          defending any civil, criminal, administrative or investigative action, suit or
          proceeding may be paid by the corporation in advance of the final disposition of
          such action, suit or proceeding upon receipt of an undertaking by or on behalf
          of such director or officer to repay such amount if it shall ultimately be
          determined that such person is not entitled to be indemnified by the corporation
          as authorized in this section. Such expenses (including attorneys&#146; fees)
          incurred by former directors and officers or other employees and agents may be
          so paid upon such terms and conditions, if any, as the corporation deems
          appropriate. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The indemnification and advancement of expenses provided by, or granted pursuant
          to, the other subsections of this section shall not be deemed exclusive of any
          other rights to which those seeking indemnification or advancement of expenses
          may be entitled under any bylaw, agreement, vote of stockholders or
disinterested directors or otherwise, both as to action in such person&#146;s official
capacity and as to action in another capacity while holding such office. </FONT></P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3 </FONT></P>

<PAGE>



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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          A corporation shall have power to purchase and maintain insurance on behalf of
          any person who is or was a director, officer, employee or agent of the
          corporation, or is or was serving at the request of the corporation as a
          director, officer, employee or agent of another corporation, partnership, joint
          venture, trust or other enterprise against any liability asserted against such
          person and incurred by such person in any such capacity, or arising out of such
          person&#146;s status as such, whether or not the corporation would have the
          power to indemnify such person against such liability under this section. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          For purposes of this section, references to &#147;the corporation&#148; shall
          include, in addition to the resulting corporation, any constituent corporation
          (including any constituent of a constituent) absorbed in a consolidation or
          merger which, if its separate existence had continued, would have had power and
          authority to indemnify its directors, officers, and employees or agents, so that
          any person who is or was a director, officer, employee or agent of such
          constituent corporation, or is or was serving at the request of such constituent
          corporation as a director, officer, employee or agent of another corporation,
          partnership, joint venture, trust or other enterprise, shall stand in the same
          position under this section with respect to the resulting or surviving
          corporation as such person would have with respect to such constituent
          corporation if its separate existence had continued. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          For purposes of this section, references to &#147;other enterprises&#148; shall
          include employee benefit plans; references to &#147;fines&#148; shall include
          any excise taxes assessed on a person with respect to any employee benefit plan;
          and references to &#147;serving at the request of the corporation&#148; shall
          include any service as a director, officer, employee or agent of the corporation
          which imposes duties on, or involves services by, such director, officer,
          employee or agent with respect to an employee benefit plan, its participants or
          beneficiaries; and a person who acted in good faith and in a manner such person
          reasonably believed to be in the interest of the participants and beneficiaries
          of an employee benefit plan shall be deemed to have acted in a manner &#147;not
          opposed to the best interests of the corporation&#148; as referred to in this
          section. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The indemnification and advancement of expenses provided by, or granted pursuant
          to, this section shall, unless otherwise provided when authorized or ratified,
          continue as to a person who has ceased to be a director, officer, employee or
          agent and shall inure to the benefit of the heirs, executors and administrators
          of such a person. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The Court of Chancery is hereby vested with exclusive jurisdiction to hear and
          determine all actions for advancement of expenses or indemnification brought
          under this section or under any bylaw, agreement, vote of stockholders or
          disinterested directors, or otherwise. The Court of Chancery may summarily
          determine a corporation&#146;s obligation to advance expenses (including
          attorneys&#146; fees).&#148; </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Section
102(b) (7) of the Law provides as follows: </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&#147;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          In addition to the matters required to be set forth in the certificate of
          incorporation by subsection (a) of this section, the certificate of
          incorporation may also contain any or all of the following matters: &#133; (7) A
          provision eliminating or limiting the personal liability of a director to the
          corporation or its stockholders for monetary damages for breach of fiduciary
          duty as a director, provided that such provision shall not eliminate or limit
          the liability of a director: (i) For any breach of the director&#146;s duty of
          loyalty to the corporation or its stockholders; (ii) for acts or omissions not
          in good faith or which involve intentional misconduct or a knowing violation of
          law; (iii) under &sect;174 of this title; or (iv) for any transaction from which
          the director derived an improper personal benefit. No such provision shall eliminate or limit the
liability of a director for any act or omission occurring prior to the date when such
provision becomes effective. All references in this paragraph to a director shall also be
deemed to refer (x) to a member of the governing body of a corporation which is not
authorized to issue capital </FONT></P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4 </FONT></P>

<PAGE>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>stock, and (y) to such other person or persons, if any, who,
pursuant to a provision of the certificate of incorporation in accordance with
&sect;141(a) of this title, exercise or perform any of the powers or duties otherwise
conferred or imposed upon the board of directors by this title.&#148; </FONT></P>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 7.&nbsp;&nbsp;Exemption from
Registration Claimed. </FONT></H1>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
Applicable.</FONT></P>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 8.&nbsp;&nbsp;Exhibits. </FONT></H1>


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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Exhibit <BR> <U>Number</U></B> </FONT> </TD>
<TD WIDTH="90%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><BR><U><B>Description</B></U> </FONT> </TD>
</TR>
</TABLE>
<BR>



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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>     5.1* </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Opinion
of Kelley Drye &amp; Warren LLP regarding the legality of the shares being registered
hereunder </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    10.1(1) </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
         GrafTech International Ltd. 2005 Equity Incentive Plan </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    10.2(2) </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
    GrafTech International Ltd. Management Stock Incentive Plan (Original Version)
                      as amended and restated through July 31, 2003 </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    10.3(2) </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
         GrafTech International Ltd. 1995 Equity Incentive Plan as amended and restated
                      through July 31, 2003 </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    10.4(2) </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
         GrafTech International Ltd. Management Stock Incentive Plan (Senior Version) as
                      amended and restated through July 31, 2003 </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    10.5(2) </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
         GrafTech International Ltd. 1996 Management Equity Incentive Plan as amended and
                      restated through July 31, 2003 </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    10.6(2) </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
         GrafTech International Ltd. Management Stock Incentive Plan (Mid-Management
                      Version) as amended and restated July 31, 2003 </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    10.7(1) </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
         Form of Restricted Stock Agreement (Standard Version) </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    10.8(3) </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
         Form of Restricted Stock Unit Agreement </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    10.9(3) </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
         Form of Restricted Stock Agreement (2005 LTIP version) </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    10.10(4) </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Form
of Restricted Stock Agreement (GrafTech International Ltd. Management Stock
                      Incentive Plan - Mid-Management Version) </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    10.11(4) </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Form
of Restricted Stock Agreement (GrafTech International Ltd. 1995 Equity
                      Incentive Plan) </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    10.12(4) </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Form
of Restricted Stock Agreement (GrafTech International Ltd. 1996 Management Equity Incentive Plan) </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> 10.13(4)  </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Form of Non-Qualified Stock Option Agreement (GrafTech
International Ltd. 1996 Management Equity Incentive Plan) </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    10.14(5) </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Form
of Non-Qualified Stock Option Agreement </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    23.1* </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent
of PricewaterhouseCoopers LLP, Independent Registered Public Accounting
                      Firm </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    23.2* </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent
of Deloitte &amp; Touche LLP, Independent Registered Public Accounting Firm </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    23.3* </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent
of Kelley Drye &amp; Warren LLP (included in Exhibit 5.1) </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    24.1* </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Powers
of Attorney of Directors and Certain Officers of the Registrant (included on the
signature                       page hereof) </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    24.2* </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Power
of Attorney for R. Eugene Cartledge </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    24.3* </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Power
of Attorney for Mary B. Cranston </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    24.4* </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Power
of Attorney for John R. Hall </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    24.5* </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Power
of Attorney for Ferrell P. McClean </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    24.6* </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Power
of Attorney for Michael C. Nahl </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    24.7* </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Power
of Attorney for Craig S. Shular </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    24.8* </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Power
of Attorney for Harold E. Layman </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    24.9* </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Power
of Attorney for Frank A. Riddick, III </FONT></TD>
</TR>
</TABLE>
<BR>

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<HR SIZE=1 NOSHADE WIDTH=15% ALIGN=LEFT>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Default" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>* Filed herewith. </FONT></P>




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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(1)&nbsp;&nbsp;&nbsp;&nbsp;
          Incorporated by reference to the Registrant&#146;s Current Report on Form 8-K,
          filed with the Commission on September 6, 2005. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(2)&nbsp;&nbsp;&nbsp;&nbsp;
          Incorporated by reference to the Registrant&#146;s Registration Statement on
          Form S-3 (Registration No. 333-108039). </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(3)&nbsp;&nbsp;&nbsp;&nbsp;
          Incorporated by reference to the Registrant&#146;s Annual Report on Form 10-K
          for the year ended December 31, 2005. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(4)&nbsp;&nbsp;&nbsp;&nbsp;
          Incorporated by reference to the Registrant&#146;s Annual Report on Form 10-K
          for the year ended December 31, 2002. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(5)&nbsp;&nbsp;&nbsp;&nbsp;
          Incorporated by reference to the Registrant&#146;s Registration Statement on
          Form S-1 (Registration No. 33-84850). </FONT></P>


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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 9.&nbsp;&nbsp;Undertakings. </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;    The
undersigned Registrant hereby undertakes:  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;  to
file, during any period in which offers or sales are being made, a
          post-effective amendment to this Registration Statement:  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)
    to include any prospectus required by Section 10(a)(3) of the Securities Act;  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)
    to reflect in the prospectus any facts or events arising after the effective
          date of this Registration Statement (or the most recent post-effective
amendment           thereof) which, individually or in the aggregate, represent a
fundamental change           in the information set forth in this Registration Statement;
notwithstanding the           foregoing, any increase or decrease in volume of securities
offered (if the           total dollar value of securities offered would not exceed that
which was           registered) and any deviation from the low or high end of the
estimated maximum           offering range may be reflected in the form of prospectus
filed with the           Commission pursuant to Rule 424(b) if, in the aggregate, the
changes in volume           and price </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5 </FONT></P>

<PAGE>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>represent no more than a 20 percent
change in the maximum aggregate           offering price set forth in the &#147;Calculation
of Registration Fee&#148;          table in this effective Registration Statement;  </FONT></P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)
    to include any material information with respect to the plan of distribution not
          previously disclosed in this Registration Statement or any material change to
          such information in this Registration Statement;  </FONT></P>

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<P>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>provided
however, </I>that paragraphs (a)(i) and (a)(ii) above do not apply if the information
required to be included in a post-effective amendment by those subparagraphs is contained
in periodic reports filed by this Registrant pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934, that are incorporated by reference in this Registration
Statement. </FONT> </P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          that,
for the purpose of determining any liability under the Securities Act of           1933,
each such post-effective amendment shall be deemed to be a new           registration
statement relating to the securities offered therein, and the           offering of such
securities at that time shall be deemed to be the initial bona           fide offering
thereof.  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          to
remove from registration by means of a post-effective amendment any of the
          securities being registered which remain unsold at the termination of the
          offering.  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;The
undersigned Registrant hereby undertakes that, for purposes of determining           any
liability under the Securities Act of 1933, each filing of the           registrant&#146;s
annual report pursuant to Section 13(a) or 15(d) of the           Securities Exchange Act
of 1934 (and, where applicable, each filing of an           employee benefit plan&#146;s
annual report pursuant to Section 15(d) of the           Securities Exchange Act of 1934)
that is incorporated by reference in this           Registration Statement shall be
deemed to be a new registration statement           relating to the securities offered
therein, and the offering of such securities           at that time shall be deemed to be
the initial <I>bona fide</I> offering           thereof.  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;Insofar
as indemnification for liabilities arising under the Securities Act may           be
permitted to directors, officers and controlling persons of the Registrant
          pursuant to the foregoing provisions described in Item 6 of this Registration
          Statement, or otherwise, the Registrant has been advised that in the opinion of
          the Commission such indemnification is against public policy as expressed in
the           Securities Act and is, therefore, unenforceable. In the event that a claim
for           indemnification against such liabilities (other than the payment by the
          Registrant of expenses incurred or paid by a director, officer or controlling
          person of the Registrant in the successful defense of any action, suit or
          proceeding) is asserted by such director, officer
or controlling person in connection with the securities being registered, the Registrant
will, unless in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities Act and will
be governed by the final adjudication of such issue.  </FONT></P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>6 </FONT></P>

<PAGE>


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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8
and has duly caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Parma, State of Ohio on this 27th
day of June, 2006. </FONT></P>


<!-- MARKER FORMAT-SHEET="Signature (Single)" FSL="Workstation" -->
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>
<TR vAlign=top>
<TD width="40%"><FONT face="Times New Roman, Times, Serif" size=2></FONT></TD>
<TD width="10%"><FONT face="Times New Roman, Times, Serif" size=2></FONT></TD>
<TD width="50%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>GRAFTECH INTERNATIONAL LTD.
</B><BR><BR><BR>By:&nbsp;&nbsp;<U>/s/ Mark Widmar&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</U><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Name:&nbsp;&nbsp;&nbsp;Mark Widmar<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Title:&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer</FONT> </TD></TR>
</TABLE>
<BR>


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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>POWER OF ATTORNEY AND
SIGNATURES </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW
ALL MEN BY THESE PRESENTS, that each individual whose signature appears below hereby
constitutes and appoints the Chief Executive Officer, the President, the General Counsel,
the Secretary, the Assistant Secretary, the Chief Financial Officer, the Treasurer and the
Assistant Treasurer, now or hereafter serving, of GrafTech International Ltd., and each of
them individually, his or her true and lawful agent, proxy and attorney-in-fact, with full
power of substitution and resubstitution, for him or her and in his or her name, place and
stead, in any and all capacities, to (i) act on, sign and file with the Securities and
Exchange Commission any and all amendments to this registration statement (which includes
any additional registration statement under Rule 462(b)) together with all schedules and
exhibits thereto, (ii) act on, sign and file with the Securities and Exchange Commission
any and all exhibits to this registration statement and any and all exhibits and schedules
thereto, (iii) act on, sign and file any and all such certificates, applications,
registration statements, notices, reports, instruments, agreements and other documents
necessary or appropriate in connection with the registration or qualification under
foreign and state securities laws of the securities described in this registration
statement or any amendment thereto, or obtain an exemption therefrom, in connection with
the offerings described therein and (iv) take any and all such actions which may be
necessary or appropriate in connection therewith, granting unto such agents, proxies and
attorneys-in-fact, and each of them individually, full power and authority to do and
perform each and every act and thing necessary or appropriate to be done, as fully for all
intents and purposes as he or she might or could do in person, and hereby approving,
ratifying and confirming all that such agents, proxies and attorneys-in-fact, any of them
or any of his or her or their substitute or substitutes may lawfully do or cause to be
done by virtue hereof. </FONT></P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>7</FONT></P>

<PAGE>



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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement has been
signed below by the following persons in the capacities and on the dates indicated. </FONT></P>

<TABLE width="100%">
<TR>
<TD align=center width="33%"><FONT face="Times New Roman, Times, Serif" size=2><B><U>Signatures</U></B><BR><BR></FONT><FONT face="Times New Roman, Times, Serif" size=2></FONT></TD>
<TD align=center width="34%"><FONT face="Times New Roman, Times, Serif" size=2><B><U>Title</U></B></FONT> </TD>
<TD align=center width="33%"><FONT face="Times New Roman, Times, Serif" size=2><B><U>Date</U></B> &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp; </FONT></TD></TR>
</TABLE>

<TABLE width="100%">
<TR>
<TD align=center width="33%"><FONT face="Times New Roman, Times, Serif" size=2><BR> *</FONT> <HR width="75%" noShade SIZE=1>
<FONT face="Times New Roman, Times, Serif" size=2>Craig S. Shular</FONT></TD>

<TD align=center width="34%"><FONT face="Times New Roman, Times, Serif" size=2>Chief Executive Officer, President and <BR>
Director (Principal Executive Officer)</FONT></TD>

<TD align=center width="33%"><FONT face="Times New Roman, Times, Serif" size=2>June 27,, 2006 </FONT></TD></TR>
</TABLE>

<TABLE width="100%">
<TR>
<TD align=center width="33%"><FONT face="Times New Roman, Times, Serif" size=2><BR>/s/ Mark Widmar</FONT><HR width="75%" noShade SIZE=1>
<FONT face="Times New Roman, Times, Serif" size=2>Mark Widmar</FONT></TD>
<TD align=center width="34%"><FONT face="Times New Roman, Times, Serif" size=2>Chief Financial Officer and Vice<BR>
President (Principal Accounting Officer) </FONT></TD>
<TD align=center width="33%"><FONT face="Times New Roman, Times, Serif" size=2>June 27,, 2006 </FONT></TD></TR>
</TABLE>

<TABLE width="100%">
<TR>
<TD align=center width="33%"><FONT face="Times New Roman, Times, Serif" size=2><BR>*</FONT> <HR width="75%" noShade SIZE=1>
<FONT face="Times New Roman, Times, Serif" size=2>R. Eugene Cartledge</FONT></TD>
<TD align=center width="34%"><FONT face="Times New Roman, Times, Serif" size=2>Director</FONT></TD>
<TD align=center width="33%"><FONT face="Times New Roman, Times, Serif" size=2>June 27,, 2006 </FONT></TD></TR>
</TABLE>


<TABLE width="100%">
<TR>
<TD align=center width="33%"><FONT face="Times New Roman, Times, Serif" size=2><BR>*</FONT> <HR width="75%" noShade SIZE=1>
<FONT face="Times New Roman, Times, Serif" size=2>Mary B. Cranston</FONT></TD>
<TD align=center width="34%"><FONT face="Times New Roman, Times, Serif" size=2>Director</FONT></TD>
<TD align=center width="33%"><FONT face="Times New Roman, Times, Serif" size=2>June 27,, 2006 </FONT></TD></TR>
</TABLE>

<TABLE width="100%">
<TR>
<TD align=center width="33%"><FONT face="Times New Roman, Times, Serif" size=2><BR>*</FONT> <HR width="75%" noShade SIZE=1>
<FONT face="Times New Roman, Times, Serif" size=2>John R. Hall</FONT></TD>
<TD align=center width="34%"><FONT face="Times New Roman, Times, Serif" size=2>Director</FONT></TD>
<TD align=center width="33%"><FONT face="Times New Roman, Times, Serif" size=2>June 27,, 2006 </FONT></TD></TR>
</TABLE>

<TABLE width="100%">
<TR>
<TD align=center width="33%"><FONT face="Times New Roman, Times, Serif" size=2><BR>*</FONT> <HR width="75%" noShade SIZE=1>
<FONT face="Times New Roman, Times, Serif" size=2>Harold E. Layman</FONT></TD>
<TD align=center width="34%"><FONT face="Times New Roman, Times, Serif" size=2>Director</FONT></TD>
<TD align=center width="33%"><FONT face="Times New Roman, Times, Serif" size=2>June 27,, 2006 </FONT></TD></TR>
</TABLE>

<TABLE width="100%">
<TR>
<TD align=center width="33%"><FONT face="Times New Roman, Times, Serif" size=2><BR>*</FONT> <HR width="75%" noShade SIZE=1>
<FONT face="Times New Roman, Times, Serif" size=2>Ferrell P. McClean</FONT></TD>
<TD align=center width="34%"><FONT face="Times New Roman, Times, Serif" size=2>Director</FONT></TD>
<TD align=center width="33%"><FONT face="Times New Roman, Times, Serif" size=2>June 27,, 2006 </FONT></TD></TR>
</TABLE>

<TABLE width="100%">
<TR>
<TD align=center width="33%"><FONT face="Times New Roman, Times, Serif" size=2><BR>*</FONT> <HR width="75%" noShade SIZE=1>
<FONT face="Times New Roman, Times, Serif" size=2>Michael C. Nahl</FONT></TD>
<TD align=center width="34%"><FONT face="Times New Roman, Times, Serif" size=2>Director</FONT></TD>
<TD align=center width="33%"><FONT face="Times New Roman, Times, Serif" size=2>June 27,, 2006 </FONT></TD></TR>
</TABLE>

<TABLE width="100%">
<TR>
<TD align=center width="33%"><FONT face="Times New Roman, Times, Serif" size=2><BR>*</FONT> <HR width="75%" noShade SIZE=1>
<FONT face="Times New Roman, Times, Serif" size=2>Frank A. Riddick, III</FONT></TD>
<TD align=center width="34%"><FONT face="Times New Roman, Times, Serif" size=2>Director</FONT></TD>
<TD align=center width="33%"><FONT face="Times New Roman, Times, Serif" size=2>June 27,, 2006 </FONT></TD></TR>
</TABLE>

<BR>
<TABLE width="100%">
<TR>
<TD align=left width="50%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><BR>*By<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
/s/ Mark Widmar&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mark Widmar,<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer,<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as Attorney-in-fact</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=left><FONT face="Times New Roman, Times, Serif" size=2></FONT></TD></TR>
</TABLE>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>8 </FONT></P>

<PAGE>



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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXHIBIT INDEX </FONT></H1>


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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="15%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U><B>Exhibit Number</B></U> </FONT> </TD>
<TD WIDTH="85%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U><B>Description</B></U> </FONT> </TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="15%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>       5.1  </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Opinion
of Kelley Drye &amp; Warren LLP regarding the legality of the
                                   securities being registered hereunder</FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH="15%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>       23.1  </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent
of PricewaterhouseCoopers LLP, Independent Registered Public
                                   Accounting Firm</FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH="15%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>       23.2  </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent
of Deloitte &amp; Touche LLP, Independent Registered Public
                                   Accounting Firm</FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH="15%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>       23.3  </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent
of Kelley Drye &amp; Warren LLP (included in Exhibit 5.1)</FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH="15%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>       24.1  </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Powers
of Attorney (included on signature page hereof)</FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH="15%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>       24.2  </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Power
of Attorney for R. Eugene Cartledge</FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH="15%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>       24.3  </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Power
of Attorney for Mary B. Cranston</FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="15%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>       24.4  </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Power
of Attorney for John R. Hall</FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH="15%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>       24.5  </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Power
of Attorney for Ferrell P. McClean</FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="15%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>       24.6  </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Power
of Attorney for Michael C. Nahl</FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="15%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>       24.7  </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Power
of Attorney for Craig S. Shular</FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH="15%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>       24.8  </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Power
of Attorney for Harold E. Layman</FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH="15%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2> 24.9 </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Power
of Attorney for Frank A. Riddick, III </FONT></TD>
</TR>
</TABLE>
<BR>


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{"company-data": {"conformed-name": "GRAFTECH INTERNATIONAL LTD", "cik": "0000931148", "assigned-sic": "3620", "irs-number": "061385548", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-135388", "film-number": "06928828"}, "business-address": {"street1": "12900 SNOW ROAD", "city": "PARMA", "state": "OH", "zip": "44130", "phone": "2166762000"}, "mail-address": {"street1": "12900 SNOW ROAD", "city": "PARMA", "state": "OH", "zip": "44130"}, "former-company": {"former-conformed-name": "UCAR INTERNATIONAL INC", "date-changed": "19941011"}}
As filed with the
Securities and Exchange Commission on June 28, 2006
Registration No.
333-___________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
GRAFTECH
INTERNATIONAL LTD.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
06-1385548
(State or Other Jurisdiction of
(I.R.S. Employer
Incorporation or Organization)
Identification No.)
12900 Snow Road
Parma, Ohio  44130
(216) 676-2000
(Address of Principal Executive Offices and Zip Code)
GrafTech International Ltd. 2005 Equity Incentive Plan
UCAR Carbon Savings Plan
GrafTech International
Ltd. Management Stock Incentive Plan (Original Version)
GrafTech International Ltd.
1995 Equity Incentive Plan
GrafTech International
Ltd. Management Stock Incentive Plan (Senior Version)
GrafTech International Ltd. 1996
Mid-Management Equity Incentive Plan
GrafTech International
Ltd. Management Stock Incentive Plan (Mid-Management Version)
(Full Title of the
Plan)
Gary R. Whitaker, Esq.
General Counsel, Vice President and Secretary
12900 Snow Road
Parma, Ohio  44130
(Name and Address of Agent for Service)
(216) 676-2426
(Telephone Number, Including Area Code, of Agent for Service)
Copy To:
M. Ridgway Barker, Esq.
Kelley Drye & Warren LLP
Two Stamford Plaza
281 Tresser Boulevard
Stamford, CT  06901
(203) 324-1400
CALCULATION OF
REGISTRATION FEE
Title of Securities
To Be Registered
Amount To Be
Registered
Proposed Maximum
Offering Price Per
Share(1)
Proposed Maximum
Aggregate Offering
Price
Amount of
Registration Fee
Common Stock, par value
$0.01 per share(2)(5)
1,000,000 Shares
$5.56
$5,560,000.00
$594.92
Common Stock, par value
$0.01 per share(3)(5)
4,800,000 Shares
$5.56
$26,688,000.00
$2,855.62
Common Stock, par value
$0.01 per share(4)(5)
9,601,034 Shares
$5.56
$53,381,749.04
$5,711.85
Totals
15,401,034 Shares
$5.56
$85,629,749.04
$9,162.39
(1)
The price is estimated solely for the purpose of calculating the registration
          fee pursuant to Rule 457(c) and represents the average high and low trading
          prices of the common stock, as reported on the New York Stock Exchange, on June 22, 2006.
(2)
Includes shares reserved for
contribution to the UCAR Carbon Savings Plan (as it may be amended from time to time, the
"Savings Plan" ) and rights associated with such shares pursuant to the Rights
Agreement dated August 7, 1998 between GrafTech International Ltd. and Computershare
Investor Services, LLC, as amended (the "Rights Agreement").
(3)
Includes 3,565,127 shares reserved under the GrafTech International Ltd.
          ("GrafTech") 2005 Equity Incentive Plan (as it may be amended from
          time to time, the "2005 Plan") and rights associated with such shares
          pursuant to the Rights Agreement. Also includes 1,234,873 shares subject to
          restricted stock and deferred stock awards outstanding under the 2005 Plan, to
          the extent that such shares become available, pursuant to the terms of the 2005
          Plan, for future awards under the 2005 Plan upon a forfeiture of such
          outstanding awards. Also includes rights associated with such shares pursuant to
          the Rights Agreement.
(4)
Includes shares subject to option, unvested restricted stock and deferred stock
          awards outstanding as of May 25, 2005 under the GrafTech Management Stock
          Incentive Plan (Original Version), the GrafTech 1995 Equity Incentive Plan, the
          GrafTech Management Stock Incentive Plan (Senior Version), the GrafTech 1996
          Mid-Management Equity Incentive Plan and the GrafTech Management Stock Incentive
          Plan (Mid-Management Version) (together with the 2005 Plan and the Savings Plan,
          the "Plans") to the extent that such shares become available, pursuant
          to the terms of the applicable Plan, for future awards under such Plan upon a
          forfeiture of such outstanding awards. Also includes rights associated with such
          shares pursuant to the Rights Agreement.
(5)
Also includes such additional indeterminate number of securities as may be
          issued pursuant to antidilution or variable exercise, conversion or exchange
          price or rate provisions of securities registered hereunder. No separate
          consideration will be received for any securities so issued.
EXPLANATORY NOTE
On
May 25, 2005, our stockholders approved the 2005 Plan. The 2005 Plan provides that the
GrafTech Management Stock Incentive Plan (Original Version), the GrafTech Management Stock
Incentive Plan (Senior Version), the GrafTech Management Stock Incentive Plan
(Mid-Management Version), the GrafTech 1995 Equity Incentive Plan and the GrafTech 1996
Mid-Management Equity Incentive Plan (the "Frozen Plans") are frozen and will
remain in effect only to the extent of awards outstanding on May 25, 2005. The 2005 Plan
initially covers 4,800,000 shares. Shares under the Frozen Plans are added to and become
available for awards under the 2005 Plan to the extent (but only to the extent) that
awards outstanding on May 25, 2005 under the Frozen Plans expire or are canceled or
forfeited.
In
order to simplify administration of the Plans, we are also registering under this
registration statement the issuance under the Plans, other than the 2005 Plan, of shares
under outstanding option and deferred stock awards and are withdrawing the registration
thereof under each applicable previously filed registration statement (Nos. 333-95546,
333-75774, 333-82411, 333-02560 and 333-95550) covering such shares. As a result, all
shares issuable under all of our equity incentive plans will be registered under a single
registration statement.
In
addition, our Board of Directors and its Compensation Committee have reserved 1,000,000
additional shares to fund contributions to the Savings Plan. Such shares are contributed
at pay dates for the applicable payroll periods, at fair market value on the date of
contribution. This registration statement also covers registration of those shares.
PART I
INFORMATION REQUIRED
IN THE SECTION 10(a) PROSPECTUS
The
documents containing the information specified by Part I of this Registration Statement on
Form S-8 (this "Registration Statement") will be sent or given to participants
in the Plans by GrafTech International Ltd., a Delaware corporation (the
"Registrant"), as specified in Rule 428(b)(1) promulgated by the Securities and
Exchange Commission (the "Commission") under the Securities Act of 1933, as
amended (the "Securities Act"). Such documents are not being filed with the
Commission but constitute (along with the documents incorporated by reference into this
Registration Statement pursuant to Item 3 of Part II hereof) a prospectus that meets the
requirements of Section 10(a) of the Securities Act.
PART II
INFORMATION REQUIRED
IN THE REGISTRATION STATEMENT
Item 3.  Incorporation of Documents
by Reference.
The
following documents have been filed by the Registrant with the Commission pursuant to the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), and are hereby
incorporated by reference in this Registration Statement:
(a)       
          The Registrant's Annual Report on Form 10-K for the fiscal year ended
          December 31, 2005, filed with the current Commission on March 16, 2006
          ("2005 Form 10-K").
(b)       
          The Registrant's Quarterly Report on Form 10-Q for the period ended March
          31, 2006, as filed with the Commission on May 19, 2006.
(c)                        The
Registrant's Current Reports on Form 8-K, filed with the           Commission
on February 9, 2006, except for Item 2.02 contained therein, March 9,           2006,
except for Item 2.02 contained therein, April 3, 2006, May 1, 2006 and May           8,
2006.
(d)       
          The portions of the Registrant's annual Proxy Statement relating to its
          Annual Meeting of Stockholders to be held on May 24, 2006, filed with the
          Commission on April 13, 2006, that have been incorporated by reference into the
          2005 Form 10-K.
(e)       
          The description of the Registrant's Common Stock contained in its
          Registration Statement on Form 8-A (File No. 1-13888), filed with the Commission
          under Section 12 of the Exchange Act on July 28, 1995.
(f)       
          The description of the Registrant's Common Stock contained in amendment no.
          2 to its Registration Statement on Form 8-A (File No. 1-13888), filed with the
          Commission under Section 12 of the Exchange Act on April 21, 2004.
(g)       
          The description of the Registrant's preferred share purchase rights
          contained in its Registration Statement on Form 8-A (File No. 1-13888), filed
          with the Commission under Section 12 of the Exchange Act on September 10, 1998.
(h)       
          The description of the Registrant's preferred share purchase rights
          contained in amendment no. 2 to its Registration Statement on Form 8-A (File No.
          1-13888), filed with the Commission under Section 12 of the Exchange Act on
          April 21, 2004.
1
All
documents subsequently filed by the Registrant with the Commission pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective
amendment which indicates that all securities offered have been sold or which deregisters
all securities then remaining unsold, shall be deemed to be incorporated by reference in
this Registration Statement and to be a part hereof from the date of filing of such
documents.
Item 4.  Description of
Securities.
Not
applicable.
Item 5.  Interest of
Named Experts and Counsel.
Not
applicable.
Item 6.  Indemnification
of Directors and Officers.
The
Registrant maintains a director's and officer's liability insurance policy which
indemnifies directors and officers for certain losses arising from claims by reason of a
wrongful act, as defined therein, under certain circumstances. Directors and officers
insured under the policy include directors and officers of subsidiaries of the Registrant.
In
addition, the following information is incorporated by reference in this Registration
Statement: the information included in the description of the Registrant's capital
stock contained in the Registrant's registration statement on Form 8-A dated
July 28, 1995, as updated by any amendment or report filed for the purpose of
updating such description; the information included in the description of the
Registrant's preferred stock purchase rights contained in the Registrant's
registration statement on Form 8-A dated September 10, 1998, as updated by any amendment
or report filed for the purpose of updating such description; Articles Tenth and Eleventh
of the Amended and Restated Certificate of Incorporation of the Registrant incorporated by
reference as Exhibit 4.1 to the Registration Statement on Form S-3, as amended (File No.
333-63848) filed on June 26, 2001; and Article V of the Amended and Restated By-Laws of
the Registrant incorporated by reference as Exhibit 4.2 to that Registration Statement.
Article V of those By-Laws also covers directors and officers of subsidiaries of the
Registrant. The provisions of the documents included in the information incorporated by
reference above refer to or are based upon Sections 145 and 102(b) of the General
Corporation Law of the State of Delaware (the "Law").
Section
145 of the Law provides as follows:
(a)       
          A corporation shall have power to indemnify any person who was or is a party or
          is threatened to be made a party to any threatened, pending or completed action,
          suit or proceeding, whether civil, criminal, administrative or investigative
          (other than an action by or in the right of the corporation) by reason of the
          fact that the person is or was a director, officer, employee or agent of the
          corporation, or is or was serving at the request of the corporation as a
          director, officer, employee or agent of another corporation, partnership, joint
          venture, trust or other enterprise, against expenses (including attorneys'
          fees), judgments, fines and amounts paid in settlement actually and reasonably
          incurred by the person in connection with such action, suit or proceeding if the
          person acted in good faith and in a manner the person reasonably believed to be
          in or not opposed to the best interests of the corporation, and, with respect to
          any criminal action or proceeding, had no reasonable cause to believe the
          person's conduct was unlawful.  The termination of any action, suit or proceeding by judgment, order,
          settlement, conviction, or upon a plea of nolo contendere or its equivalent,
          shall not, of itself, create a presumption that the person did not act in good
          faith and in a manner which the person reasonably believed to be in or not
          opposed to
2
the best interests of the corporation, and, with respect to any
          criminal action or proceeding, had reasonable cause to believe that the
          person's conduct was unlawful.
(b)       
          A corporation shall have power to indemnify any person who was or is a party or
          is threatened to be made a party to any threatened, pending or completed action
          or suit by or in the right of the corporation to procure a judgment in its favor
          by reason of the fact that the person is or was a director, officer, employee or
          agent of the corporation, or is or was serving at the request of the corporation
          as a director, officer, employee or agent of another corporation, partnership,
          joint venture, trust or other enterprise against expenses (including
          attorneys' fees) actually and reasonably incurred by the person in
          connection with the defense or settlement of such action or suit if the person
          acted in good faith and in a manner the person reasonably believed to be in or
          not opposed to the best interests of the corporation and except that no
          indemnification shall be made in respect of any claim, issue or matter as to
          which such person shall have been adjudged to be liable to the corporation
          unless and only to the extent that the Court of Chancery or the court in which
          such action or suit was brought shall determine upon application that, despite
          the adjudication of liability but in view of all the circumstances of the case,
          such person is fairly and reasonably entitled to indemnity for such expenses
          which the Court of Chancery or such other court shall deem proper.
(c)       
          To the extent that a present or former director or officer of a corporation has
          been successful on the merits or otherwise in defense of any action, suit or
          proceeding referred to in subsections (a) and (b) of this section, or in defense
          of any claim, issue or matter therein, such person shall be indemnified against
          expenses (including attorneys' fees) actually and reasonably incurred by
          such person in connection therewith.
(d)       
          Any indemnification under subsections (a) and (b) of this section (unless
          ordered by a court) shall be made by the corporation only as authorized in the
          specific case upon a determination that indemnification of the present or former
          director, officer, employee or agent is proper in the circumstances because the
          person has met the applicable standard of conduct set forth in subsections (a)
          and (b) of this section. Such determination shall be made, with respect to a
          person who is a director or officer at the time of such determination, (1) by a
          majority vote of the directors who are not parties to such action, suit or
          proceeding, even though less than a quorum, or (2) by a committee of such
          directors designated by majority vote of such directors, even though less than a
          quorum, or (3) if there are no such directors, or if such directors so direct,
          by independent legal counsel in a written opinion, or (4) by the stockholders.
(e)       
          Expenses (including attorneys' fees) incurred by an officer or director in
          defending any civil, criminal, administrative or investigative action, suit or
          proceeding may be paid by the corporation in advance of the final disposition of
          such action, suit or proceeding upon receipt of an undertaking by or on behalf
          of such director or officer to repay such amount if it shall ultimately be
          determined that such person is not entitled to be indemnified by the corporation
          as authorized in this section. Such expenses (including attorneys' fees)
          incurred by former directors and officers or other employees and agents may be
          so paid upon such terms and conditions, if any, as the corporation deems
          appropriate.
(f)       
          The indemnification and advancement of expenses provided by, or granted pursuant
          to, the other subsections of this section shall not be deemed exclusive of any
          other rights to which those seeking indemnification or advancement of expenses
          may be entitled under any bylaw, agreement, vote of stockholders or
disinterested directors or otherwise, both as to action in such person's official
capacity and as to action in another capacity while holding such office.
3
(g)       
          A corporation shall have power to purchase and maintain insurance on behalf of
          any person who is or was a director, officer, employee or agent of the
          corporation, or is or was serving at the request of the corporation as a
          director, officer, employee or agent of another corporation, partnership, joint
          venture, trust or other enterprise against any liability asserted against such
          person and incurred by such person in any such capacity, or arising out of such
          person's status as such, whether or not the corporation would have the
          power to indemnify such person against such liability under this section.
(h)       
          For purposes of this section, references to "the corporation" shall
          include, in addition to the resulting corporation, any constituent corporation
          (including any constituent of a constituent) absorbed in a consolidation or
          merger which, if its separate existence had continued, would have had power and
          authority to indemnify its directors, officers, and employees or agents, so that
          any person who is or was a director, officer, employee or agent of such
          constituent corporation, or is or was serving at the request of such constituent
          corporation as a director, officer, employee or agent of another corporation,
          partnership, joint venture, trust or other enterprise, shall stand in the same
          position under this section with respect to the resulting or surviving
          corporation as such person would have with respect to such constituent
          corporation if its separate existence had continued.
(i)       
          For purposes of this section, references to "other enterprises" shall
          include employee benefit plans; references to "fines" shall include
          any excise taxes assessed on a person with respect to any employee benefit plan;
          and references to "serving at the request of the corporation" shall
          include any service as a director, officer, employee or agent of the corporation
          which imposes duties on, or involves services by, such director, officer,
          employee or agent with respect to an employee benefit plan, its participants or
          beneficiaries; and a person who acted in good faith and in a manner such person
          reasonably believed to be in the interest of the participants and beneficiaries
          of an employee benefit plan shall be deemed to have acted in a manner "not
          opposed to the best interests of the corporation" as referred to in this
          section.
(j)       
          The indemnification and advancement of expenses provided by, or granted pursuant
          to, this section shall, unless otherwise provided when authorized or ratified,
          continue as to a person who has ceased to be a director, officer, employee or
          agent and shall inure to the benefit of the heirs, executors and administrators
          of such a person.
(k)       
          The Court of Chancery is hereby vested with exclusive jurisdiction to hear and
          determine all actions for advancement of expenses or indemnification brought
          under this section or under any bylaw, agreement, vote of stockholders or
          disinterested directors, or otherwise. The Court of Chancery may summarily
          determine a corporation's obligation to advance expenses (including
          attorneys' fees)."
Section
102(b) (7) of the Law provides as follows:
"(b)       
          In addition to the matters required to be set forth in the certificate of
          incorporation by subsection (a) of this section, the certificate of
          incorporation may also contain any or all of the following matters: … (7) A
          provision eliminating or limiting the personal liability of a director to the
          corporation or its stockholders for monetary damages for breach of fiduciary
          duty as a director, provided that such provision shall not eliminate or limit
          the liability of a director: (i) For any breach of the director's duty of
          loyalty to the corporation or its stockholders; (ii) for acts or omissions not
          in good faith or which involve intentional misconduct or a knowing violation of
          law; (iii) under §174 of this title; or (iv) for any transaction from which
          the director derived an improper personal benefit. No such provision shall eliminate or limit the
liability of a director for any act or omission occurring prior to the date when such
provision becomes effective. All references in this paragraph to a director shall also be
deemed to refer (x) to a member of the governing body of a corporation which is not
authorized to issue capital
4
stock, and (y) to such other person or persons, if any, who,
pursuant to a provision of the certificate of incorporation in accordance with
§141(a) of this title, exercise or perform any of the powers or duties otherwise
conferred or imposed upon the board of directors by this title."
Item 7.  Exemption from
Registration Claimed.
Not
Applicable.
Item 8.  Exhibits.
Exhibit
Number
Description
5.1*
Opinion
of Kelley Drye & Warren LLP regarding the legality of the shares being registered
hereunder
10.1(1)
GrafTech International Ltd. 2005 Equity Incentive Plan
10.2(2)
GrafTech International Ltd. Management Stock Incentive Plan (Original Version)
                      as amended and restated through July 31, 2003
10.3(2)
GrafTech International Ltd. 1995 Equity Incentive Plan as amended and restated
                      through July 31, 2003
10.4(2)
GrafTech International Ltd. Management Stock Incentive Plan (Senior Version) as
                      amended and restated through July 31, 2003
10.5(2)
GrafTech International Ltd. 1996 Management Equity Incentive Plan as amended and
                      restated through July 31, 2003
10.6(2)
GrafTech International Ltd. Management Stock Incentive Plan (Mid-Management
                      Version) as amended and restated July 31, 2003
10.7(1)
Form of Restricted Stock Agreement (Standard Version)
10.8(3)
Form of Restricted Stock Unit Agreement
10.9(3)
Form of Restricted Stock Agreement (2005 LTIP version)
10.10(4)
Form
of Restricted Stock Agreement (GrafTech International Ltd. Management Stock
                      Incentive Plan - Mid-Management Version)
10.11(4)
Form
of Restricted Stock Agreement (GrafTech International Ltd. 1995 Equity
                      Incentive Plan)
10.12(4)
Form
of Restricted Stock Agreement (GrafTech International Ltd. 1996 Management Equity Incentive Plan)
10.13(4)
Form of Non-Qualified Stock Option Agreement (GrafTech
International Ltd. 1996 Management Equity Incentive Plan)
10.14(5)
Form
of Non-Qualified Stock Option Agreement
23.1*
Consent
of PricewaterhouseCoopers LLP, Independent Registered Public Accounting
                      Firm
23.2*
Consent
of Deloitte & Touche LLP, Independent Registered Public Accounting Firm
23.3*
Consent
of Kelley Drye & Warren LLP (included in Exhibit 5.1)
24.1*
Powers
of Attorney of Directors and Certain Officers of the Registrant (included on the
signature                       page hereof)
24.2*
Power
of Attorney for R. Eugene Cartledge
24.3*
Power
of Attorney for Mary B. Cranston
24.4*
Power
of Attorney for John R. Hall
24.5*
Power
of Attorney for Ferrell P. McClean
24.6*
Power
of Attorney for Michael C. Nahl
24.7*
Power
of Attorney for Craig S. Shular
24.8*
Power
of Attorney for Harold E. Layman
24.9*
Power
of Attorney for Frank A. Riddick, III
* Filed herewith.
(1)    
          Incorporated by reference to the Registrant's Current Report on Form 8-K,
          filed with the Commission on September 6, 2005.
(2)    
          Incorporated by reference to the Registrant's Registration Statement on
          Form S-3 (Registration No. 333-108039).
(3)    
          Incorporated by reference to the Registrant's Annual Report on Form 10-K
          for the year ended December 31, 2005.
(4)    
          Incorporated by reference to the Registrant's Annual Report on Form 10-K
          for the year ended December 31, 2002.
(5)    
          Incorporated by reference to the Registrant's Registration Statement on
          Form S-1 (Registration No. 33-84850).
Item 9.  Undertakings.
(a)      The
undersigned Registrant hereby undertakes:
(1)    to
file, during any period in which offers or sales are being made, a
          post-effective amendment to this Registration Statement:
(i)
    to include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii)
    to reflect in the prospectus any facts or events arising after the effective
          date of this Registration Statement (or the most recent post-effective
amendment           thereof) which, individually or in the aggregate, represent a
fundamental change           in the information set forth in this Registration Statement;
notwithstanding the           foregoing, any increase or decrease in volume of securities
offered (if the           total dollar value of securities offered would not exceed that
which was           registered) and any deviation from the low or high end of the
estimated maximum           offering range may be reflected in the form of prospectus
filed with the           Commission pursuant to Rule 424(b) if, in the aggregate, the
changes in volume           and price
5
represent no more than a 20 percent
change in the maximum aggregate           offering price set forth in the "Calculation
of Registration Fee"          table in this effective Registration Statement;
(iii)
    to include any material information with respect to the plan of distribution not
          previously disclosed in this Registration Statement or any material change to
          such information in this Registration Statement;
provided
however,
that paragraphs (a)(i) and (a)(ii) above do not apply if the information
required to be included in a post-effective amendment by those subparagraphs is contained
in periodic reports filed by this Registrant pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934, that are incorporated by reference in this Registration
Statement.
(2)                 that,
for the purpose of determining any liability under the Securities Act of           1933,
each such post-effective amendment shall be deemed to be a new           registration
statement relating to the securities offered therein, and the           offering of such
securities at that time shall be deemed to be the initial bona           fide offering
thereof.
(3)                 to
remove from registration by means of a post-effective amendment any of the
          securities being registered which remain unsold at the termination of the
          offering.
(b)  The
undersigned Registrant hereby undertakes that, for purposes of determining           any
liability under the Securities Act of 1933, each filing of the           registrant's
annual report pursuant to Section 13(a) or 15(d) of the           Securities Exchange Act
of 1934 (and, where applicable, each filing of an           employee benefit plan's
annual report pursuant to Section 15(d) of the           Securities Exchange Act of 1934)
that is incorporated by reference in this           Registration Statement shall be
deemed to be a new registration statement           relating to the securities offered
therein, and the offering of such securities           at that time shall be deemed to be
the initial
bona fide
offering           thereof.
(c)  Insofar
as indemnification for liabilities arising under the Securities Act may           be
permitted to directors, officers and controlling persons of the Registrant
          pursuant to the foregoing provisions described in Item 6 of this Registration
          Statement, or otherwise, the Registrant has been advised that in the opinion of
          the Commission such indemnification is against public policy as expressed in
the           Securities Act and is, therefore, unenforceable. In the event that a claim
for           indemnification against such liabilities (other than the payment by the
          Registrant of expenses incurred or paid by a director, officer or controlling
          person of the Registrant in the successful defense of any action, suit or
          proceeding) is asserted by such director, officer
or controlling person in connection with the securities being registered, the Registrant
will, unless in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities Act and will
be governed by the final adjudication of such issue.
6
SIGNATURES
Pursuant
to the requirements of the Securities Act of 1933, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8
and has duly caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Parma, State of Ohio on this 27th
day of June, 2006.
GRAFTECH INTERNATIONAL LTD.
By:
/s/ Mark Widmar
Name:   Mark Widmar
Title:    Chief Financial Officer
POWER OF ATTORNEY AND
SIGNATURES
KNOW
ALL MEN BY THESE PRESENTS, that each individual whose signature appears below hereby
constitutes and appoints the Chief Executive Officer, the President, the General Counsel,
the Secretary, the Assistant Secretary, the Chief Financial Officer, the Treasurer and the
Assistant Treasurer, now or hereafter serving, of GrafTech International Ltd., and each of
them individually, his or her true and lawful agent, proxy and attorney-in-fact, with full
power of substitution and resubstitution, for him or her and in his or her name, place and
stead, in any and all capacities, to (i) act on, sign and file with the Securities and
Exchange Commission any and all amendments to this registration statement (which includes
any additional registration statement under Rule 462(b)) together with all schedules and
exhibits thereto, (ii) act on, sign and file with the Securities and Exchange Commission
any and all exhibits to this registration statement and any and all exhibits and schedules
thereto, (iii) act on, sign and file any and all such certificates, applications,
registration statements, notices, reports, instruments, agreements and other documents
necessary or appropriate in connection with the registration or qualification under
foreign and state securities laws of the securities described in this registration
statement or any amendment thereto, or obtain an exemption therefrom, in connection with
the offerings described therein and (iv) take any and all such actions which may be
necessary or appropriate in connection therewith, granting unto such agents, proxies and
attorneys-in-fact, and each of them individually, full power and authority to do and
perform each and every act and thing necessary or appropriate to be done, as fully for all
intents and purposes as he or she might or could do in person, and hereby approving,
ratifying and confirming all that such agents, proxies and attorneys-in-fact, any of them
or any of his or her or their substitute or substitutes may lawfully do or cause to be
done by virtue hereof.
7
Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement has been
signed below by the following persons in the capacities and on the dates indicated.
Signatures
Title
Date
*
Craig S. Shular
Chief Executive Officer, President and
Director (Principal Executive Officer)
June 27,, 2006
/s/ Mark Widmar
Mark Widmar
Chief Financial Officer and Vice
President (Principal Accounting Officer)
June 27,, 2006
*
R. Eugene Cartledge
Director
June 27,, 2006
*
Mary B. Cranston
Director
June 27,, 2006
*
John R. Hall
Director
June 27,, 2006
*
Harold E. Layman
Director
June 27,, 2006
*
Ferrell P. McClean
Director
June 27,, 2006
*
Michael C. Nahl
Director
June 27,, 2006
*
Frank A. Riddick, III
Director
June 27,, 2006
*By
/s/ Mark Widmar
Mark Widmar,
Chief Financial Officer,
as Attorney-in-fact
8
EXHIBIT INDEX
Exhibit Number
Description
5.1
Opinion
of Kelley Drye & Warren LLP regarding the legality of the
                                   securities being registered hereunder
23.1
Consent
of PricewaterhouseCoopers LLP, Independent Registered Public
                                   Accounting Firm
23.2
Consent
of Deloitte & Touche LLP, Independent Registered Public
                                   Accounting Firm
23.3
Consent
of Kelley Drye & Warren LLP (included in Exhibit 5.1)
24.1
Powers
of Attorney (included on signature page hereof)
24.2
Power
of Attorney for R. Eugene Cartledge
24.3
Power
of Attorney for Mary B. Cranston
24.4
Power
of Attorney for John R. Hall
24.5
Power
of Attorney for Ferrell P. McClean
24.6
Power
of Attorney for Michael C. Nahl
24.7
Power
of Attorney for Craig S. Shular
24.8
Power
of Attorney for Harold E. Layman
24.9
Power
of Attorney for Frank A. Riddick, III
9