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Management Side
Koppers Holdings Inc.,
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Pittsburgh, Pennsylvania, USA, 01 December 2009 -- (MARKETWIRE via COMTEX) -- Koppers Holdings Inc., a Pennsylvania corporation (NYSE: KOP), announced that The Bank of New York Mellon, trustee under the indenture for the company's 9 7/8% senior discount notes due 2014, is providing notice to holders today that Koppers Holdings will redeem the remaining outstanding USD 13,550,000 principal amount of senior discount notes on 30 December 2009.

The senior discount notes will be redeemed at a price equal to 104.938% of the principal amount in accordance with the indenture, plus any accrued and unpaid interest to the redemption date. Koppers Holdings intends to use the proceeds from Koppers Inc.'s previously announced private offering of USD 300 million aggregate principal amount of 7.875% senior notes due 2019 to finance the redemption of the senior discount notes.

The redemption is being made solely pursuant to a notice of redemption dated 01 December 2009, which will be delivered to the holders of the senior discount notes by The Bank of New York Mellon.

Koppers, with corporate headquarters and a research center in Pittsburgh, Pennsylvania, is a global integrated producer of carbon compounds and treated wood products. Including its joint ventures, Koppers operates facilities in the United States, United Kingdom, Denmark, Australia, and China. The stock of Koppers Holdings Inc. is publicly traded on the New York Stock Exchange under the symbol "KOP." For more information, visit www.koppers.com.

 


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