On April 29, 2024, Nilesh Undavia made a statement in connection with the election of directors to GrafTech International Ltd.?s board of directors at the Company?s 2024 annual meeting of shareholders, which is scheduled to be held on May 9, 2024. Nilesh Undavia expressed his view that incumbent Directors cannot be trusted after destroying 90% of shareholder value. Nilesh Undavia also stated that another disappointing earnings report shows the Company appears to lack credibility with investors.

Nilesh Undavia also added that independent analyst recognizes the urgent need for change in the Boardroom.