May 19, 2003

Founder Honors Seagate With Outstanding Supplier Award For Third Consecutive Year

Seagate Technology (NYSE:STX) today announced that it has been recognized as an outstanding supplier of storage technology with the 2002 Supplier Award presented by Founder Technology Group Corp., a leading maker and distributor of computer products in China. The Founder 2002 Supplier Award honors achievement in the areas of technology, supplier cost effectiveness, quality and availability, all of which contributed to the company's success.

"We congratulate Seagate for their outstanding supplier performance and contribution to Founder's business growth that comes with the 2002 Supplier Award," said Mr. LI Wenjun, general manager, Purchasing Department, Founder Technology Group Corp. "Over the years, Seagate's relentless commitment to providing consistent superior customer value, coupled with the muscle of an experienced global technology leader, have helped Founder meet our real customer needs. We look to maintain and strengthen this valuable strategic relationship in the years ahead."

"Customer success is critical to Seagate and is based on providing the highest levels of product quality, customer support and on-time delivery, as well as long-term strategic relationships with our customers," said BanSeng Teh, Seagate vice president and managing director of Asia Sales and Marketing. "Receiving Founder's 2002 Supplier Award - for three years in a row - is evidence of our commitment to being the best storage technology partner for our global customer base."

Recently, Seagate announced that its Barracuda 5400.1 hard disc drive, recognized for its reliability and ultra-quiet operation, has been integrated into the newest line of PCs from Founder.

About Founder Technology Group Corp.
Founder Technology Group Corp., one of the most influencing high tech listed companies in China, is a leading provider of PC-based systems and solutions. FTG's core business includes desktop PCs for both commercial and consumer market, servers and networking systems for a wide range of enterprise customers. FTG consistently develops newer and advanced technologies with novelty and will satisfy its customers in the Internet era by providing the information-processing tools, solutions and services for the information communication industries.

About Seagate
Seagate is the worldwide leader in the design, manufacturing and marketing of hard disc drives for Enterprise, PC and Consumer Electronics applications. The Company is committed to delivering award-winning products, customer support and reliability, to meet the world's growing demand for information storage. Seagate can be found around the globe and at www.seagate.com.

Seagate and Seagate Technology are registered trademarks of Seagate Technology LLC. The WAVE logo and Barracuda are trademarks or registered trademarks of Seagate Technology LLC. All other trademarks or registered trademarks are the property of their respective owners.