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Cabot Microelectronics Appoints Two industry Veterans to Senior Management Team

AURORA, Illinois -- March 27, 2001 - Cabot Microelectronics Corp. (Nasdaq: CCMP), the leading supplier of chemical mechanical planarization (CMP) polishing slurries to the semiconductor industry, announced today the appointment of two officers-Jeremy Jones has been named Vice President of New Business and Hiro Nishiya Vice President of Asia Pacific Business. Both positions report directly to Cabot Microelectronics' Chairman of the Board, President and CEO Matthew Neville.

"The pursuit of new business opportunities and continued support of the Asia Pacific Region are critical to our company's growth," stated Dr. Neville. "These promotions demonstrate our commitment to a strong, deep leadership team, and with Jeremy's and Hiro's help we are well positioned to move forward with our continued global expansion."

Jones is chartered with leading Cabot Microelectronics' new business initiatives, including the identification, assessment and development of new opportunities to fuel the company's aggressive growth plan. Jones joined Cabot Microelectronics in 1998 as the Pad Business Development Manager and led the company's successful entry into the disk drive industry with polishing slurries for rigid disk substrates and other components used by disk drive manufacturers.

Previously, Jones served as the Market Development Manager of the Flat Panel Display Division at Motorola and led the development of several new businesses at Polaroid. He holds multiple degrees from Worcester Polytechnic Institute, including a Bachelor of Science in Mechanical Engineering and a Masters of Science in Materials Engineering. In addition, Jones holds a Masters in Business Administration from Babson College.

Hiro Nishiya will oversee Cabot Microelectronics' Japan, Korea, Taiwan, China and Southeast Asia business operations. He is responsible for developing and implementing a regional strategy that includes fulfilling the company's international business goals, supported by the international manufacturing, engineering and technical support teams. Nishiya was most recently the Japan Business Manager at Cabot Microelectronics, where he built the organization necessary to meet the business needs of this critical region. In addition, he facilitated the establishment and expansion of the company's Geino facility to support Asian customer-capacity demands.

Before joining Cabot Microelectronics in 1997, Nishiya held various positions at OKIDATA and Materials Research Corporation. Nishiya received a Bachelor of Business Administration degree from George Washington University.

About Cabot Microelectronics Corporation

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.

Safe Harbor Statement

This news release may include statements that constitute "forward-looking statements" within the meaning of federal securities regulations. These forward-looking statements include statements related to future sales and operating results, company and industry growth, growth of this market, new product introductions and development of new products and technologies by Cabot Microelectronics. These forward-looking statements involve a number of risks, uncertainties, and other factors, including those described from time to time in Cabot Microelectronics' filings with the Securities and Exchange Commission (SEC), that could cause the actual results to differ materially from those anticipated by these forward-looking statements. In particular, see "Risks Related to our Business" in Management's Discussion and Analysis in our annual report on Form 10-K for the fiscal year ended September 30, 2000 filed with the SEC, and in our quarterly report on Form 10-Q for the quarter ended December 31, 2000. Cabot Microelectronics Corporation assumes no obligation to update this forward-looking information.

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