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Cabot Microelectronics Corporation Expands Presence in Japan

AURORA, Ill.--(BUSINESS WIRE)--July 8, 2004--Cabot Microelectronics Corporation (NASDAQ:CCMP), the leading supplier of chemical mechanical planarization (CMP) polishing slurries to the semiconductor industry, announced today that it has purchased land adjacent to its existing Geino, Japan facility, which it plans to use to expand current infrastructure.

Hiroyuki Nishiya, Cabot Microelectronics' Vice President of Northeast Asia stated, "We are extremely pleased to invest in the expansion of our Geino facility. This decision is part of our ongoing investment to increase our manufacturing capacity and capabilities to support future growth in Asia. We are extremely grateful for the support received from Geino's leaders and the entire Geino community."

Masahiro Yokoyama, Mayor of the City of Geino commented, "I am delighted with Cabot Microelectronics Corporation's decision to expand its presence in our community. They are very supportive, increasing our quality of life by employing a number of local residents and providing opportunities for people throughout Asia. Cabot Microelectronics is respectful of our community and environment and is an ideal community partner. "

About Cabot Microelectronics Corporation:

Cabot Microelectronics Corporation, headquartered in Aurora, Illinois, is the leading supplier of CMP slurries for polishing various materials used in semiconductor manufacturing processes. The company's products play a critical role in the production of the most advanced semiconductor devices, enabling the manufacture of smaller, faster and more complex devices by its customers. For more information about Cabot Microelectronics Corporation, visit www.cabotcmp.com or contact Mr. David H. Li, Director of Investor Relations at 630.499.2600.

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 and trends, growth of this market, international events, product performance, 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 described by these forward-looking statements. In particular, see "Risks Relating to Our Business" in Management's Discussion and Analysis in our quarterly report on Form 10-Q for the quarter ended March 31, 2004, and our Annual Report on Form 10-K for the fiscal year ended September 30, 2003, both filed with the SEC. Cabot Microelectronics Corporation assumes no obligation to update this forward-looking information.


    CONTACT: Cabot Microelectronics Corporation
             Mr. David H. Li (Investor Relations), 630-499-2600
             www.cabotcmp.com

    SOURCE: Cabot Microelectronics Corporation

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