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Ferro Corporation Announces Extension of Expiration Date in Tender Offer and Consent Solicitation for Its 9 1/8% Senior Notes Due 2009

July 18, 2008

CLEVELAND, Jul 18, 2008 (BUSINESS WIRE) -- Ferro Corporation (NYSE: FOE) (the "Company") today announced that it extended the expiration date in its tender offer and consent solicitation with respect to its outstanding $200 million aggregate principal amount of 9 1/8% Senior Notes due 2009 (the "Notes"). The expiration date has been extended to 5:00 p.m., New York City time, August 15, 2008 (the "Expiration Date").

As a result of the extension, holders of Notes must validly tender their Notes and deliver their consents by the Expiration Date, unless further extended or terminated earlier by the Company, in order to receive the tender offer consideration of $1,013.96 per $1,000 aggregate principal amount of Notes validly tendered. All holders of Notes who have validly tendered their Notes prior to the Expiration Date will also receive accrued and unpaid interest on their tendered Notes up to, but not including, the applicable payment date, which is expected to occur promptly after the Expiration Date in regard to Notes validly tendered prior to the Expiration Date.

As of 5:00 p.m., New York City time, on July 18, 2008, the Company had received tenders and consents for $199,887,000.00 in aggregate principal amount of the Notes, representing 99.444% of the Notes outstanding.

The tender offer and consent solicitation remains open and is scheduled to expire at the Expiration Date. The Company reserves the right to terminate, withdraw or amend the tender offer and consent solicitation at any time subject to applicable law.

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Source: Ferro Corporation

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