KEMET Announces Discussions With EPCOS AG

GREENVILLE, S.C., Oct. 19, 2005 -- KEMET Corporation today announced that the Company is in advanced discussions with EPCOS AG with respect to acquiring the Tantalum Capacitor Business Unit of EPCOS. With KEMET's strong overall position in the tantalum capacitor market, this acquisition would further strengthen the Company's ability to compete on a global basis. It would provide KEMET with increased access to certain key markets including automotive and telecom, and enhance the Company's global manufacturing footprint. The combined manufacturing expertise of the two companies would result in an enhanced tantalum manufacturing platform incorporating the best elements from each. KEMET would then be better positioned to meet the increasing demands of the growing tantalum polymer capacitor market.

The potential transaction is subject to completion of definitive documentation, as well as completion of customary due diligence. KEMET anticipates that the final purchase agreement will be subject to customary closing conditions, including the receipt of all required regulatory approvals. If final terms are reached, KEMET would expect the transaction to be completed in the early part of 2006.

KEMET will not make any further comment on this transaction until its conference call on October 26, 2005 when the Company is scheduled to release its results for the second quarter of fiscal 2006.

About KEMET

KEMET Corporation is the preferred supplier of standardized components among customers demanding the highest standards of quality, delivery and service. KEMET's common stock is listed on the New York Stock Exchange under the symbol KEM. Additional information can be found at http://www.kemet.com/IR.