Q: When did Seagate's acquisition of Maxtor close?

A: May 19, 2006

A: $9.27

A: Under the terms of the merger agreement Maxtor shareholders will receive in a tax-free exchange of 0.37 shares of Seagate common stock for each share of Maxtor common stock.

Q: What do I need to do in order to exchange my Maxtor stock for Seagate stock?

A: The process of exchanging Maxtor shares for Seagate shares depends on the manner in which you hold your Maxtor shares.

Holders of Maxtor Stock Certificates:

If you hold physical certificates representing shares of Maxtor stock, you will receive a letter of transmittal from Computershare, the exchange agent for the Seagate/Maxtor acquisition. The transmittal letter will detail the procedures for Maxtor stock holders to exchange their certificates for Seagate common stock certificates and to exchange any fractional share for cash.

Please allow approximately two to three weeks from the close date (May 19, 2006) to receive your Letter of Transmittal. If you believe that Maxtor and its transfer agent do not have your current address, you have not received a Letter of Transmittal or need an additional Letter of Transmittal, please contact Computershare  at 303-262-0600 or toll free at 800-962-4284 to request a new Letter of Transmittal.

Please note that if you hold shares through a bank or broker you will NOT receive a Letter of Transmittal and do not need to complete a Letter of Transmittal.

Holders through banks or brokers ("street name"):

If you hold shares through a bank or broker, your bank or broker will handle the conversion of your shares. It is expected that the conversion will take from 5-10 days from the close of the transaction.  You do not need to take any action. Please note that some banks or brokers may compute the cash in lieu of fractional shares slightly differently.  Please note that if you hold shares through a bank or broker you will NOT receive a Letter of Transmittal and do not need to complete a Letter of Transmittal.

Q: What are the tax consequences relative to the exchange of my shares?

A: This is an all-stock transaction that does not trigger a taxable event under U.S. tax laws.

Q: With the merger now complete, what will happen to the Maxtor 2.375% and the 6.8% convertible senior notes?

A: The Maxtor senior convertible notes, both the 2.375% due 2012 and the 6.8% due 2010, will remain outstanding and convertible at the option of the note holders subject to their terms and conditions. For the 2.375% due 2012, the notes will be convertible into approximately 56.65029 shares of Seagate for each $1,000 of principle amount of these notes. For the 6.8% due 2010, the notes will be convertible into approximately 30.17329 shares of Seagate for each $1,000 of principle amount of these notes.

Q: What was Maxtor's CUSIP Number?

A: The CUSIP number for MXO common stock was 577729.

Q: When was the Maxtor/Quantum HDD merger effective?

A: April 2, 2001.

Q: What did Quantum HDD shareholders receive in the merger?

A: Quantum HDD shareholders received 1.52 shares of Maxtor stock for each share of Quantum HDD that they held.