Seagate to Announce Financial Results October 18, 2001

Seagate and its affiliated companies will report first quarter fiscal 2002 financial results on Thursday, October 18, 2001 after the close of the market. A webcast conference call will take place that day at 2:00 PM Pacific Time, which can be accessed from:

web.servicebureau.net/conf/meta?i=1112284321&c=2343&m=was&u=/w_ccbn.xsl&date_ticker=10_18_2001_85656

A replay will be available from the web site 45 minutes following the end of the webcast.

Seagate and its affiliated companies are controlled by New S.A.C., a Cayman Island limited liability company, organized in late 2000 to acquire the hard disc drive, tape drive, software and storage solutions businesses and certain other assets of Seagate Technology, Inc. These businesses include: Seagate Technology (which includes hard disc drives and XIOtech Corp.), Seagate Removable Storage Solutions, and Crystal Decisions (formerly Seagate Software). These transactions closed November 22, 2000.