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Kemet Announces Secondary Offering

GREENVILLE, S.C. — KEMET Corporation (NYSE: KEM) (the “Company”) today announced a proposed secondary offering of 8.7 million shares of its common stock. The shares to be offered are subject to issuance upon exercise of a currently outstanding and exercisable warrant (the “Warrant”) held by the selling securityholder, K Equity, LLC (“K Equity”), an affiliate of Platinum Equity Capital Partners II, L.P., a portion of which will be sold to and exercised by the underwriters in connection with their sale of the underlying shares. The selling securityholder intends to grant the underwriters an option to purchase an additional portion of the Warrant representing an additional 1.3 million shares of underlying common stock of the Company to cover over-allotments, if any. The Company will not receive any proceeds from the transaction. K Equity will retain the portion of the Warrant that is not exercised.

Deutsche Bank Securities, BofA Merrill Lynch and UBS Investment Bank are acting as joint book-running managers, and KeyBanc Capital Markets is acting as co-manager, for the proposed offering.

A registration statement relating to these shares of common stock has been filed with the Securities and Exchange Commission but has not yet become effective. These shares of common stock may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The offering will be made only by means of the written prospectus and prospectus supplement that will form part of the effective registration statement. A copy of the prospectus related to the offering may be obtained by contacting: Deutsche Bank Securities Inc., 100 Plaza One, Floor 2, Jersey City, New Jersey 07311-3901 or by email at prospectusrequest@list.db.com; BofA Merrill Lynch, 4 World Financial Center, New York, New York 10080, Attn: Prospectus Department or by email at dg.prospectus_requests@baml.com; or UBS Investment Bank, 299 Park Avenue, New York, New York 10171, Attn: Prospectus Department, or by telephone at (888) 827-7275

{complink 12824|Kemet Corp.}

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