Orion Engineered Carbons S.A. Announces Secondary Common Stock Offering

LUXEMBOURG–(BUSINESS WIRE)–Orion Engineered Carbons S.A. (NYSE: OEC) (the “Company” or “Orion”), a
worldwide supplier of specialty and high-performance Carbon Black,
announced today that Kinove Luxembourg Holdings 1 S.à r.l. (“Kinove
Holdings”) and certain other sellers, including current and former
members of Orion’s management team, are offering an aggregate of
12,657,799 common shares of the Company in an underwritten public
offering. Kinove Holdings has agreed to sell 11,724,286 common shares
and the other selling shareholders have agreed to sell the remaining
933,513 shares. Orion will not be issuing or selling any common shares,
and will not receive any proceeds from the offering.

Kinove Holdings, which previously was a principal shareholder of the
Company, is expected to sell all its remaining holdings of common shares
in this offering. Accordingly, Mr. Martin Huth and Mr. Eytan Tigay have
informed the Company that they intend to resign from their roles as
directors of the Company promptly following the offering. Upon these
resignations, the board of directors may fill the vacancies created on a
temporary basis pursuant to Section 17.5 of the Company’s articles of
association.

Goldman Sachs & Co. LLC and Morgan Stanley are acting as joint
book-running managers for the proposed offering. The offering will be
made pursuant to an effective shelf registration statement, prospectus
and prospectus supplement filed by the Company.

A registration statement (including a prospectus) relating to the
Company’s common stock has been filed with the U.S. Securities and
Exchange Commission and was declared effective on April 1, 2016. Before
you invest, you should read the prospectus in that registration
statement and other documents the Company has filed with the SEC for
more complete information about the Company and this offering. The base
prospectus for the offering is available on the Securities and Exchange
Commission’s website at: https://www.sec.gov/Archives/edgar/data/1609804/000160980416000066/f-3ashelf.htm.
Alternatively, copies of the prospectus supplement and the accompanying
prospectus relating to the offering may be obtained from Goldman Sachs &
Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY
10282, telephone:(212) 902-1171, facsimile: 212-902-9316, e-mail: [email protected]
or Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New
York 10014, Attention: Prospectus Department, [email protected],
toll free: (866) 718-1649.

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.

About Orion Engineered Carbons

Orion is a worldwide supplier of Carbon Black. We produce a broad range
of Carbon Blacks that include high-performance Specialty Gas Blacks,
Furnace Blacks, Lamp Blacks, Thermal Blacks and other Carbon Blacks that
tint, colorize and enhance the performance of polymers, plastics, paints
and coatings, inks and toners, textile fibers, adhesives and sealants,
tires, and mechanical rubber goods such as automotive belts and hoses.
Orion runs 14 global production sites and four Applied Technology
Centers. The group has approximately 1,457 employees worldwide.

Forward-Looking Statements

This document contains certain forward-looking statements, including
statements relating to the offering. These statements constitute
forward-looking statements within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking statements are
statements of future expectations that are based on current expectations
and assumptions and involve known and unknown risks and uncertainties
that could cause actual results, performance or events to differ
materially from those expressed or implied in these statements. You
should not place undue reliance on forward-looking statements. Each
forward-looking statement speaks only as of the date of the particular
statement. New risk factors and uncertainties emerge from time to time
and it is not possible to predict all risk factors and uncertainties,
nor can we assess the extent to which any factor, or combination of
factors, may cause actual results to differ materially from those
contained in any forward-looking statements. We undertake no obligation
to publicly update or revise any forward-looking statement as a result
of new information, future events or other information, other than as
required by applicable law.

Contacts

Orion Engineered Carbons S.A.
Investor Relations
Diana Downey,
+1 832-589-2285