Feb 02, 2004

Seagate Technology Announces Quarterly Dividend Increase And Distribution Information

SCOTTS VALLEY, Calif. - Scotts Valley, Calif. - February 2, 2004 - Seagate Technology (NYSE: STX) today announced its board has approved an increase to its quarterly dividend from $0.04 per share to $0.06 per share, commencing with the distribution for the quarter ended January 2, 2004. The quarterly cash distribution of $0.06 per share is to be paid on or before February 27, 2004 to all common shareholders of record as of February 13, 2004.

Seagate is the worldwide leader in the design, manufacturing and marketing of hard disc drives, providing products for a wide range of Enterprise, PC, Notebook 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.