Seagate to Announce Q3FY02 Financial Results April 11, 2002

Seagate and its affiliated companies will report third quarter fiscal 2002 financial results on Thursday, April 11, 2002 after the close of the market. A subsequent webcast bondholder conference call will take place that day at 2:00 PM Pacific Time, which can be accessed from www.seagate.com.

A replay will be available from the web site 45 minutes following the end of the webcast and will be accessible through April 18.

Seagate and its affiliated companies are controlled by New SAC, 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).