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NOVELLUS ANNOUNCES AVAILABILITY OF THE WEBCAST OF ITS PRESENTATION AT MORGAN STANLEY DEAN WITTER'S SEMICONDUCTOR & SYSTEMS CONFERENCE
February 27, 2001

NOVELLUS ANNOUNCES AVAILABILITY OF THE WEBCAST OF ITS PRESENTATION AT MORGAN STANLEY DEAN WITTER'S SEMICONDUCTOR & SYSTEMS CONFERENCE San Jose, Calif. -- Feb. 27, 2001 -- Novellus Systems, Inc. (Nasdaq: NVLS), today announced that Richard S. Hill, chairman and chief executive officer, will present on Mar. 6, 2001 at Morgan Stanley Dean Witter's Semiconductor & Systems Conference. The presentation will begin at 8:30 a.m. PST. The presentation will be made available over the Internet via a live webcast.

You may access the live webcast presentation and the replay on the Novellus home page, located at www.novellus.com. The replay of the webcast will be available for 14 days following the conference.

About Novellus Systems

Novellus Systems Inc., an S&P 500 company, manufactures, markets and services advanced deposition and surface preparation equipment for today's advanced integrated circuits. The company's products are designed for high-volume production of advanced, leading-edge semiconductor devices at the lowest possible cost. Headquartered in San Jose, Calif., with subsidiaries throughout the U.S. as well as the United Kingdom, France, Germany, The Netherlands, Spain, Ireland, Israel, Italy, China, Japan, Korea, Singapore and Taiwan, Novellus is a publicly traded company on the Nasdaq stock exchange (Nasdaq: NVLS). Additional information about the company is located at www.novellus.com.

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