News Releases

NEW YORK, January 2, 2009 – NYSE Regulation, Inc. (“NYSE Regulation”) announced today that it determined that trading in the common stock of Kemet Corporation (the "Company") – ticker symbol KEM – should be suspended prior to the market opening on Friday, January 9, 2009. Application to the U.S. Securities and Exchange Commission to delist the issue is pending the completion of applicable procedures, as the Company will not challenge this determination.

The decision to suspend the Company’s common stock was reached in view of the fact that the Company has fallen below the New York Stock Exchange’s (“NYSE”) continued listing standard regarding average global market capitalization over a consecutive 30 trading day period of not less than $25 million, which is viewed as minimum threshold for continued listing. In addition, the Company had previously fallen below the NYSE’s continued listing standard for average share price over a consecutive 30 trading day period of not less than $1.00. 

The NYSE noted that it may, at any time, suspend a security if it believes that continued dealings in the security on the NYSE are not advisable.

Company contact:
Dean Dimke
864.963.6300