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Cabot Microelectronics Ranked No. 8 in Forbes Magazine's 200 Best Small Companies in America

AURORA, Ill.--(BUSINESS WIRE)--Oct. 23, 2001--Cabot Microelectronics Corp. (NASDAQ: CCMP), the leading supplier of chemical mechanical planarization (CMP) polishing slurries to the semiconductor industry, today announced it has been ranked Number 8 in Forbes Magazine's "200 Best Small Companies in America" for 2001.

"Our focus on providing products to solve complex customer needs in the semiconductor industry while extending our competencies to new applications and new markets has proved to be a sound strategy," said Matthew Neville, Chairman, President and CEO of Cabot Microelectronics. "This ranking in Forbes serves to recognize the creativity and commitment of our global organization. We are confident in our ability to maintain our solid track record."

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. For more information please visit the Cabot Microelectronics web site at www.cabotcmp.com or call 1-630-499-2600.

Safe Harbor Statement

The statements contained in this news release may contain "forward-looking statements." Actual results may differ materially from those anticipated in such forward-looking statements. All of these statements are expressly qualified in their entirety by the risk factors and other cautionary statements included in Cabot Microelectronics' filings with the Securities and Exchange Commission.

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CONTACT: Cabot Microelectronics Corporation
Rick Foster, 630/375-5541
URL: www.cabotcmp.com
or
Edelman Public Relations
Cynthia Rogers/Howard Karesh
312-233-1390/312-240-2724
Cynthia.Rogers@edelman.com
Howard.Karesh@edelman.com


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