Press release

Cabot Corporation Board Declares Dividend

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On Wednesday, May 8, 2019, the Board of Directors of Cabot
Corporation
(NYSE:CBT) declared a quarterly dividend of $0.35 per
share on all outstanding shares of the Corporation’s common stock. The
dividend is payable on June 14, 2019, to stockholders of record at the
close of business on May 31, 2019.

About Cabot Corporation
Cabot Corporation (NYSE: CBT) is a
global specialty chemicals and performance materials company,
headquartered in Boston, Massachusetts. The company is a leading
provider of rubber
and specialty
carbons
, activated
carbon
, inkjet
colorants
, cesium
formate drilling fluids
, masterbatches
and conductive compounds
, fumed
silica
, and aerogel.
For more information on Cabot, please visit the company’s website
at: http://www.cabotcorp.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: Statements in the press release regarding Cabot’s expected
target level of share repurchases over the next three years, sources of
cash to fund its repurchases, and Cabot’s business that are not
historical facts are forward looking statements that involve risks and
uncertainties. For a discussion of such risks and uncertainties, which
could cause actual results to differ from those contained in the forward
looking statements, see “Risk Factors” in the Company’s Annual Report on
Form 10-K.