Mar 23, 2001

Seagate Appoints Karma to Deliver Leading-Edge Storage Solutions in Korea

In a move to expand and strengthen Seagate's leadership in the storage market, the Company today announced it has appointed Karma Korea as an authorized distributor for its line of disc drive products. Presently, Seagate markets its products in Korea via its manufacturing representative Ocean Technology and channel customers PC Direct and Kolon Data. As an expansion of the existing relationship Seagate has with Karma in India, Karma Korea is expected to further enhance Seagate's presence in the region.

"Leveraging Seagate's worldwide market leadership, we have confidence in our ability to expand the presence of its high-quality storage products in the domestic market," said J. C. Lim, president of Karma Korea. "It has always been our mission to provide the best for our customers through extensive experience and broad knowledge of IT products. With our strengths in the distribution channel, we look forward to the success of this relationship."

Seagate has earned numerous press awards and commendations from leading Korean publications. Recently, K-Bench Online selected the Seagate Barracuda ATA III as Best Product; Aha PC named Seagate's Cheetah 36XL the "fastest SCSI drive" with a 4.5-star rating; and Seagate was recognized as a leading IT company by Daily Information Times.

"Karma's strong presence in the enterprise, PC server and workstation, and Consumer Electronics markets provides opportunities to expand Seagate's market presence in Korea," said Don Kennedy, Seagate's vice president of Asia Sales and Marketing. "With the exponential growth of storage needs in an increasingly networked environment, the addition of Karma Korea as a channel customer will allow Seagate's products to be available to a wider range of users in Korea, and contribute to business growth in the region."

Karma Korea will be distributing Seagate's full range of disc drives for Enterprise, Audio/Visual, Personal Storage and Consumer Electronics applications.

About Karma Korea
Established in December 2000, Karma Korea is a joint venture between eSys Distribution Singapore and Trimex International Corp., one of the most active HDD traders in Korea. Karma Korea has an impressive distribution channel network and a good reputation as a HDD distributor. The Company enjoys good working relationships with some of the leading system integrators.

About Seagate
Seagate is the world's leading provider of storage technology for Internet, business and consumer applications. The Company's products include disc drives for the Enterprise, PCs and Consumer Electronics, as well as Storage Area Network (SAN) solutions and Server Appliances. Seagate's market leadership is based on 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, Seagate Technology, Cheetah and Barracuda are registered trademarks of Seagate Technology LLC. All other trademarks are the property of their respective owners.