Jul 19, 2000

Seagate Expands Channel Business in Malaysia

In a strategic move to extend its penetration into the growing Malaysian IT market, Seagate Technology, Inc. (NYSE:SEG) today announced the appointment of VST Technology Sdn Bhd as an authorized distributor in Malaysia for its full range of hard disc drives.

Extending its existing association with VST in Hong Kong, China, New Zealand and Singapore, this agreement strengthens Seagate's commitment to providing high-quality, innovative products that help Malaysian computer users get their information when, where, and how they want it. Together with Seagate's current Malaysia distributors Achieva Technology and First Tech Pacific, the appointment will allow Seagate's storage solutions to reach out to a wider spectrum of business operations and consumers.

"This strategic alignment with VST will enable Seagate to deliver best-in-class storage solutions to a broader customer set and expand our presence in the Asia Pacific region," said Joel Stead, Seagate's senior vice president of International Sales and Marketing. "Leveraging VST's channel strength, Seagate will be able to expand its reach and range of users in Malaysia's growing IT market."

"We are pleased to distribute Seagate products in Malaysia, expanding the successful relationship we enjoy with Seagate elsewhere in Asia," said Roy H. Kee, managing director of VST. "It has always been our mission to provide the best for our customers, leveraging our extensive experience and broad knowledge of IT products. We have confidence in our ability to expand the presence of Seagate's high-quality storage solutions in the domestic market."

VST Malaysia will be distributing Seagate's full range of disc drives. These award-winning products include the U Series and Barracuda ATA families for personal storage, and the Barracuda family and Cheetah family for enterprise storage. In addition to possessing extensive knowledge of storage products and technology, VST has a strong dealer network and an experienced sales, support and technical staff to provide the excellent technical support and service network this market demands. VST was a Seagate Distributor of the Year for 1998.

Seagate recently launched the Storage Partner Program in Asia, a strategic move to allow its products to reach Asian customers more efficiently. Under the Storage Partner Program, Seagate supplements the market penetration efforts of its distributors and import associates by providing added support within the smaller reseller channels. Additionally, in April 2000, Seagate was named the Hard Disc Drive Vendor of Choice in Asia in a survey conducted by Channels Asia magazine for the fourth consecutive year. VST Technology Sdn Bhd is a subsidiary of Hong Kong-based

VST Group incorporated in Malaysia since May 2000. Established in 1991, VST Group is a leading Asian distributor of electronic and IT-related products and components including data storage devices, CPUs and other products such as media products and PC motherboards. The Group has representative offices in the major cities in the People's Republic of China (PRC), as well as other offices in Singapore and New Zealand. For more information, visit VST website at http://www.vstgroup.com or contact VST Technology Sdn Bhd at +60 3 7620-8288.

Seagate Technology, Inc. (NYSE:SEG) is a leading provider of the Internet Infrastructure enabling people to store, access, and manage information. The Company is committed to providing best-in-class products to help people get information when, where and how they want it. Seagate is the world's largest manufacturer of disc drives, magnetic discs and read-write heads, an innovator in tape drives, Storage Area Network (SAN) solutions and a leading developer of Business Intelligence software. Seagate can be found around the globe and at http://www.seagate.com. For automated news, stock and financial information by phone, dial toll-free 877-SEG-NYSE. Outside the U.S. and Canada, dial 760-704-4368.

Seagate, Seagate Technology, U Series, Barracuda ATA, Barracuda and Cheetah are registered trademarks of Seagate Technology, Inc. All trademarks are the property of their respective owners.