Seagate to Announce Q4FY02 Financial Results July 17, 2002

Seagate Technology Holdings will report fourth quarter fiscal 2002 financial results on Wednesday, July 17, 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 beginning July 17 at 5:30 PM Pacific Time through July 24 at 11:59 PM Pacific Time. The replay can be accessed by telephone as follows:

USA	800-475-6701
International	320-365-3844
Access code	643530

Seagate Technology Holdings is 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. Seagate Technology Holdings includes the Seagate hard disc drive business and XIOtech Corp. Seagate is the world's leading provider of storage technology for Internet, business and consumer applications. The Company's products include disc drives for the Enterprise, PCs and Consumer Electronics. Seagate's market leadership is based on 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.