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Cabot Microelectronics Announces Resignation of Corporate Director to Serve in Bush Administration

Samuel W. Bodman to Serve
as Deputy Secretary of Commerce

AURORA, IL, August 6, 2001 - Cabot Microelectronics Corporation (Nasdaq: CCMP), the leading supplier of chemical mechanical planarization (CMP) polishing slurries to the semiconductor industry, announced today that Samuel W. Bodman has resigned from the company's Board of Directors to accept a position in the Bush Administration as Deputy Secretary of Commerce. Mr. Bodman had been a director of Cabot Microelectronics since the company was formed in 1999.

"Sam Bodman has been instrumental in developing and supporting Cabot Microelectronics' business, strategy and transformation into a publicly traded, fully independent company, and we will miss his guidance," said Matthew Neville, Chairman and Chief Executive Officer. "The Board of Directors and the entire company thank him for his outstanding contributions, and wish him well in his new role in government service."

Concurrent with Mr. Bodman's resignation from the Board of Directors, the number of directors was reduced from eight to seven.

About Cabot Microelectronics
Cabot Microelectronics, headquartered in Aurora, Illinois, USA, is the world leader in the development and supply of high-performance polishing slurries used for chemical mechanical planarization (CMP), a process that enables the manufacture of the most advanced integrated circuit (IC) devices and hard disk drive components. Cabot Microelectronics' global network of facilities encompasses corporate headquarters, a state-of-the-art research and technology center, and manufacturing plants in Aurora; manufacturing plants in the United Kingdom, Japan and the United States; and regional sales, technical applications and support offices strategically located throughout the world. The Company reported fiscal 2000 revenues of $180 million. For more information visit the Cabot Microelectronics web site at www.cabotcmp.com.

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