Oct 24, 1996

Seagate Technology, Inc. Announces a Two-for-one Stock Split

Seagate Technology Inc today announced that its Board of Directors has approved a two-for-one stock split, to be effected in the form of a stock dividend.

The record date for the stock split will be November 11, 1996, and thereafter, on or about November 26, 1996, the transfer agent will mail certificates to shareholders of record representing one additional share for each share held on this record date. The stock split will increase the number of shares of Seagate Common Stock outstanding from approximately 107,000,000 shares to 214,000,000 shares.

Seagate Technology, Inc. is a data technology company that provides products for storing, managing and accessing digital information on the world's computer and data communications systems. Seagate is the largest independent disc drive and related components company in the world. Seagate's home page address on the World Wide Web is http://www.seagate.com.

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