KEMET Announces Preliminary Results of Tender Offer

GREENVILLE, S.C., June 29 /PRNewswire-FirstCall/ -- KEMET Corporation (OTC
Bulletin Board: KEME), a leading manufacturer of the majority of capacitor
types, including tantalum, multilayer ceramic, solid aluminum, plastic film,
paper and electrolytic capacitors, today announced the preliminary results of
its tender offer for its 2.25% Convertible Senior Notes due 2026 (CUSIP Nos.
488360 AA6 and 488360 AB4) (the "Notes"), which expired at 11:59 p.m., New
York City time, on June 26, 2009.

Based on preliminary information provided to KEMET by D.F. King & Co., Inc.,
the information agent and depositary for the tender offer, KEMET expects to
acquire $93,919,000 in aggregate principal amount of Notes, representing
approximately 53.67 percent of the aggregate principal amount of the
outstanding Notes prior to the expiration of the tender offer.

The number of Notes to be purchased is preliminary and the actual purchase of
any Notes will only be made upon satisfaction or waiver of the conditions set
forth in KEMET's Offer to Purchase, dated May 5, 2009, as amended and
supplemented from time to time. Final results for the tender offer will be
determined subject to confirmation by the depositary of the proper delivery of
the Notes validly tendered and not validly withdrawn. The actual amount of
Notes to be purchased will be announced following the completion of the
confirmation process. Payment for the Notes accepted for purchase will occur
promptly thereafter.

"We have these last 12 months, like many businesses throughout the world, been
presented with a series of financial challenges. However, even during these
unprecedented times, we have been able to secure a number of definite steps to
improve our operations, decrease our cost structure, preserve cash,
restructure our short-term debt and now with the anticipated closing of our
tender offer, decrease our long term debt as well. We are confident that these
improvements have enhanced our financial stability," stated Per Loof, Chief
Executive Officer. "The completion of our tender offer, which we expect to
close tomorrow, June 30, adds further credence to our efforts. The access to
credit that this transaction secures will, among other things, provide funding
for us to better participate in the economic recovery as it happens. This year
we have significantly reduced our break-even point for all our businesses.
These actions, the financial resources now available to us, along with a
strengthened balance sheet, position KEMET favorably as we return to more
normal economic activity levels," continued Loof.

Deutsche Bank Securities Inc. served as the dealer manager for the tender
offer. D.F. King & Co. served as the information agent and depositary for the
tender offer. Questions regarding the tender offer should be directed to
Deutsche Bank Securities Inc. at 1-800-503-4611 (U.S. toll-free). Requests for
the Offer to Purchase and other documents relating to the tender offer may be
directed to D.F. King & Co. at (212) 269-5550 (for banks and brokers only) or
1-800-431-9643 (U.S. toll-free).

About KEMET
KEMET Corporation (OTC Bulletin Board: KEME) applies world-class service and
quality to deliver industry-leading, high-performance capacitance solutions to
its customers around the world. KEMET offers the world's most complete line of
surface-mount and through-hole capacitor technologies across tantalum,
ceramic, film, aluminum, electrolytic, and paper dielectrics. Additional
information about KEMET can be found at http://www.kemet.com.

CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS
Certain statements included herein contain forward-looking statements within
the meaning of federal securities laws about KEMET Corporation's (the
"Company") financial condition and results of operations that are based on
management's current expectations, estimates and projections about the markets
in which the Company operates, as well as management's beliefs and
assumptions. Words such as "expects," "anticipates," "believes," "estimates,"
variations of such words and other similar expressions are intended to
identify such forward-looking statements. These statements are not guarantees
of future performance and involve certain risks, uncertainties and
assumptions, which are difficult to predict. Therefore, actual outcomes and
results may differ materially from what is expressed or forecasted in, or
implied by, such forward-looking statements. Readers are cautioned not to
place undue reliance on these forward-looking statements, which reflect
management's judgment only as of the date hereof. The Company undertakes no
obligation to update publicly any of these forward-looking statements to
reflect new information, future events or otherwise.

Factors that may cause actual outcome and results to differ materially from
those expressed in, or implied by, these forward-looking statements include,
but are not necessarily limited to, the following: (i) the Company's ability
to consummate the tender offer for the Notes and accomplish its financing plan
described in the Offer to Purchase; (ii) generally adverse economic and
industry conditions, including a decline in demand for the Company's products;
(iii) the ability to maintain sufficient liquidity to realize current
operating plans; (iv) adverse economic conditions could cause further
reevaluation of the fair value of the Company's reporting segments and the
write down of long-lived assets; (v) the cost and availability of raw
materials; (vi) changes in the competitive environment of the Company; (vii)
economic, political, or regulatory changes in the countries in which the
Company operates; (viii) the ability to successfully integrate the operations
of acquired businesses; (ix) the ability to attract, train and retain
effective employees and management; (x) the ability to develop innovative
products to maintain customer relationships; (xi) the impact of environmental
issues, laws, and regulations; (xii) the Company's ability to achieve the
expected benefits of its manufacturing relocation plan or other restructuring
plan; (xiii) volatility of financial and credit markets which would affect
access to capital for the Company; and (xiv) increased difficulty or expense
in accessing capital resulting from the delisting of the Company's common
stock from the New York Stock Exchange. Other risks and uncertainties may be
described from time to time in the Company's reports and filings with the
Securities and Exchange Commission.

Contact: William M. Lowe, Jr.
Executive Vice President and Chief Financial Officer
billlowe@KEMET.com
864-963-6484

SOURCE KEMET Corporation

William M. Lowe, Jr., Executive Vice President and Chief Financial Officer,
KEMET Corporation, +1-864-963-6484, billlowe@KEMET.com