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Cabot Microelectronics Corporation Recognized By NEC Electronics Corporation with Prestigious Supplier Award

AURORA, Ill.--(BUSINESS WIRE)--June 17, 2004--Cabot Microelectronics Corporation (NASDAQ:CCMP), the leading supplier of chemical mechanical planarization (CMP) polishing slurries to the semiconductor industry, announced today that NEC Electronics (Yamagata) has recognized Cabot Microelectronics Corporation with an outstanding supplier award. This annual award is bestowed by NEC Electronics on its key suppliers who have achieved a superior level of quality, delivery and cost.

In response to the award, Mr. Stephen Smith, Vice-President of Sales and Marketing for Cabot Microelectronics Corporation stated, "We are extremely grateful to NEC Electronics for recognizing us with this prestigious award. NEC Electronics is a very important customer for Cabot Microelectronics Corporation and we will continue to focus our efforts on delivering superior quality products and solutions that provide NEC Electronics with a competitive advantage."

Mr. Hiroshi Aoyama, President from NEC Electronics (Yamagata) commented, "I am delighted to recognize the contributions that Cabot Microelectronics Corporation has made to our success in the past year, and to recognize the strong partnership between our companies. I believe strongly in the long-term mutual benefit of this relationship and appreciate Cabot Microelectronics Corporation's continual commitment to the Japanese marketplace. In the competitive environment in which NEC Electronics operates, it is vital that we align ourselves with suppliers who understand our commitment to quality. Cabot Microelectronics Corporation not only understands our needs, but consistently exceeds our expectations."

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.

About NEC Electronics Corporation:

NEC Electronics Corporation (TSE:6723) specializes in semiconductor products encompassing advanced technology solutions for the high-end computing and broadband networking markets, system solutions for the mobile handset, PC peripheral, automotive and digital consumer markets, and platform solutions for a wide range of customer applications. NEC Electronics Corporation has 25 subsidiaries worldwide including NEC Electronics America, Inc. (www.necelam.com) and NEC Electronics (Europe) GmbH (www.ee.nec.de). In addition to marketing, selling and supporting NEC Electronics products to customers in their respective regions, NEC Electronics America and NEC Electronics Europe also operate local manufacturing facilities in Roseville, California, and Ballivor, Ireland, respectively. Additionally, NEC Electronics America for North America and NEC Electronics Europe for Europe are the sales and marketing channels of NEC AM-LCD and PDP modules. For additional information about NEC Electronics worldwide, visit www.necel.com.

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 Corp.
             David H. Li, 630-499-2600 (Investor Relations)

    SOURCE: Cabot Microelectronics Corporation

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