Cabot's Microelectronics Materials Division Establishes Direct Presence in Korea; Hogan Park Named Korean Business Manager.

AURORA, Ill.--(BUSINESS WIRE)--Nov. 18, 1998--Cabot Corp. Microelectronics Materials Division (MMD), the pioneer and leading global supplier of chemical mechanical planarization (CMP) slurries, today announced that it has established a direct presence in Korea with the appointment of Hogan Park, 39, to Korean business manager. Hogan will report to Cabot MMD's Regional Business Manager John Anderson.

Commenting on Cabot MMD's decision to establish a direct presence in Korea and Park's recent appointment, Anderson stated, "Supporting Cabot's global growth strategy, Hogan will play a significant role in fostering Cabot's business opportunities in Korea and further augment our market share in this key geographic region." Anderson added, "Due to Korea's leading position in the DRAM market and the growing demand for our CMP products, it is imperative that we be in close proximity to our customers. Hogan's local presence will provide a vital link between our Korean customers' technology strategies and Cabot's R&D efforts."

In his new position, Park is responsible for conducting and coordinating all business, sales, technical and support activities for Cabot's extensive line of CMP products in Korea. His charter includes providing comprehensive product and application support, working in close partnership with Cabot's existing customer base in Korea, and establishing and servicing new customer relationships in this region.

A 13-year industry veteran, Park joins Cabot from SeoJin Scientific Co., Ltd., where he served as sales director. Park's career also includes positions at Therma-Wave Korea, Intraco Korea Corp. and Seoul Electron Ltd. Park received a bachelor's degree in electronics from Sogang University. He also has served in the Korean military.

Park's appointment furthers the ongoing globalization of Cabot MMD's infrastructure. As part of the company's expansion, its business and customer support infrastructure has recently been strengthened in Japan, Taiwan and Europe to support Cabot's growing worldwide customer base. In addition to two slurry dispersion facilities in the United States, Cabot recently established a plant in Barry, Wales, and will soon complete a facility in Geino, Japan.

About Cabot MMD:

Cabot Corp. Microelectronics Materials Division (www.cabot-corp.com/mmd), headquartered in Aurora, Ill., is the leading global supplier of CMP slurries for polishing oxide, tungsten, copper and aluminum in semiconductor manufacturing processes, and commands more than an 80 percent share of the market. Cabot MMD is a division of Cabot Corp.

About Cabot Corporation:

Cabot Corp. (www.cabot-corp.com), headquartered in Boston, Mass., is a global performance materials company, with specialized skills in production, handling and surface chemistry of fine particles that provide performance benefits to customers in a variety of markets, including automotive, industrial, construction, semiconductor, coatings, inks and energy. Major products of Cabot are carbon black, fumed silica, inkjet colorants, polishing slurries for integrated circuits, capacitor materials and plastics masterbatches. The company also operates a liquefied natural gas business. Cabot had revenues of $1.6 billion in 1997. Its 4,800 employees work in over 35 plants and offices around the world. The company's common stock is traded on the New York Stock Exchange under the symbol CBT.