GREENVILLE, S.C., July 30 /EMWNews/ -- KEMET Corporation

(NYSE: KEM) today announced that it has entered into a new medium-term

credit facility in the principal amount of EUR 95.0 million with UniCredit

Corporate Banking S.p.A. ("UniCredit"), a financial institution

headquartered in Italy and part of the Milan-based UniCredit Group. KEMET

previously announced on June 3, 2008 that it had received a Commitment

Letter from UniCredit for this facility. Closing is expected before the end

of August, 2008.



    Under the terms of the new credit facility, KEMET will repay the

principal amount in equal, semi-annual installments during the six-year

term. The credit facility will be priced at EURIBOR +1.70%, and will be

unsecured. The use of proceeds from the new credit facility will be to

refinance two existing short-term credit facilities with UniCredit totaling

EUR 96.8 million and currently scheduled to mature in December 2008 and

April 2009. The first semi-annual installment is due July 2009.



    KEMET Corporation (KEM) 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. KEMET's

common stock is listed on The New York Stock Exchange under the symbol KEM.

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 security laws about KEMET Corporation (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, availability, sourcing and

pricing of raw materials, pressures on sales prices and volumes due to

competition and economic conditions, reliance on and financial viability of

significant customers, operating performance of joint ventures, alliances

and other equity investments, technological advancements, employee

relations, changes in construction spending, capital expenditures and

long-term investments (including those related to unforeseen acquisition

opportunities), continued availability of financial resources through

financing arrangements and operations, outcomes of pending or threatened

legal proceedings, negotiation of new or modifications of existing

contracts for asset management and for property and equipment construction

and acquisition, regulations governing tax laws, other governmental and

authoritative bodies' policies and legislation, and proceeds received from

the sale of assets held for disposal. In addition to these representative

factors, forward-looking statements could be impacted by general domestic

and international economic and industry conditions in the markets where the

Company competes, such as changes in currency exchange rates, interest and

inflation rates, recession and other economic and political factors over

which the Company has no control. Other risks and uncertainties may be

described from time to time in the Company's other reports and filings with

the Securities and Exchange Commission.






    Contact:   Dean W. Dimke

               Director of Corporate and Investor Communications

               954-766-2806

               [email protected]



               William M. Lowe, Jr.

               Executive Vice President and Chief Financial Officer

               864-963-6484

               [email protected]