Seagate Technology Announces Offering of $430 Million of Senior Secured Second-Priority Notes

    SCOTTS VALLEY, Calif., April 13 /CNW/ -- Seagate Technology (Nasdaq:   STX)
today announced that it intends, subject to market and other conditions, to
offer $430 million aggregate principal amount of senior secured
second-priority notes due 2014 (the "Notes") in a private placement. The Notes
are expected to be issued by Seagate Technology International, an indirect
wholly-owned subsidiary of Seagate Technology, and guaranteed by Seagate
Technology, Seagate Technology HDD Holdings and all of Seagate Technology's
subsidiaries that guarantee its senior secured credit facility, on a full and
unconditional basis and secured by a second-priority lien on the assets that
secure the senior secured credit facility.

    Seagate intends to use the net proceeds from the offering for general
corporate purposes, including the repayment or repurchase of all or some of
its $300 million aggregate principal amount of floating rate senior notes due
October 1, 2009 and other indebtedness.

    This press release does not constitute an offer to sell or the
solicitation of an offer to buy the Notes nor shall there be any sale of the
Notes in any state in which such offer, solicitation or sale would be
unlawful.  The Notes to be offered have not been and will not be registered
under the Securities Act of 1933, as amended (the "Securities Act"), or
applicable state securities laws, and may not be offered or sold in the United
States absent registration or pursuant to an applicable exemption from the
registration requirements of the Securities Act and applicable state
securities laws.

    Cautionary Note Regarding Forward-Looking Statements
    This press release contains forward-looking statements within the meaning
of Section 27A of the Securities Act and Section 21E of the Securities
Exchange Act of 1934, as amended. These forward-looking statements include,
but are not limited to, statements related to the proposed offering of the
Notes and the anticipated use of proceeds therefrom. These forward-looking
statements are based on information available to Seagate as of the date of
this press release.  Current expectations, forecasts and assumptions involve a
number of risks and uncertainties that could cause actual results to differ
materially from those anticipated by these forward-looking statements. Such
risks and uncertainties include a variety of factors, some of which are beyond
the company's control. In particular, such risks and uncertainties include the
impact of conditions in the credit markets generally and, in particular, for
companies in the markets in which Seagate operates, and uncertainty in global
economic conditions, which pose a risk to the overall economy as consumers and
businesses may defer purchases in response to tighter credit and negative
financial news.  Information concerning additional factors that could cause
results to differ materially from those projected in the forward-looking
statements is contained in Seagate's Quarterly Report on Form 10-Q as filed
with the U.S. Securities and Exchange Commission (the "SEC") on February 10,
2009 and Seagate's Annual Report on Form 10-K as filed with the SEC on August
13, 2008.  These forward-looking statements should not be relied upon as
representing Seagate's views as of any subsequent date and Seagate undertakes
no obligation to update forward-looking statements to reflect events or
circumstances after the date they were made.

For further information:

For further information: Brian Ziel, Media Relations, +1-831-439-5429,, or Rod Cooper, Investor Relations, +1-831-439-2371,, both of Seagate Technology Web Site:

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