News Release

OAKDALE, Minn.--(BUSINESS WIRE)--Sept. 26, 2001--Imation Corp. (NYSE:IMN), a worldwide leader in data storage and information management, today announced it received the prestigious "Best Retail Strategy" award at RetailVision(R) Fall 2001, September 4-7, at the Walt Disney World Dolphin Hotel in Lake Buena Vista, Florida. Imation also was nominated for five additional "Best of RetailVision" awards recognizing outstanding successes in the retail channel. RetailVision is a business-focused channel event produced by Vision Events(R), a Gartner, Inc. (NYSE:IT and ITB) company.

While presenting this award, officials recognized Imation's use of technology innovation and leadership in multi-channel retail strategies. Winning companies were voted on by more than 200 retail-buying executives after previewing, reviewing and learning about new technologies, products and merchandising programs in private boardroom appointments. For the past 12 years, the "Best of RetailVision Awards" have been acknowledged as the computer retail channel's leading honors.

This award comes on the heels of two channel-specific awards Imation received earlier this year in recognition of its recent successes in both the retail and e-tail sales channel. Imation received the "International Vendor of the Year" award presented by Office Depot at the Office Depot 2001 International Sales Meeting and Vendor Show, Feb. 23-25 in Nashville, Tenn. During the e-tailVision(TM) event in Coronado Island, Calif., Feb. 11-13, Imation received the "Best of e-tailVision" award in the category of Best Vendor Presentation.

"This is an exciting time for Imation," said Steve Carter, vice president and general manager, Imation's Personal Storage Solutions Business. "Receiving recognition at not just one but three major industry events this year supports Imation's commitment in excellence to our worldwide channel partners and our continued dedication to provide high-quality, innovative products and solutions to our customers."

About Vision Events

Vision Events, a Gartner company, is a leading producer of highly focused channel Events that bring together the leading Vendors and Resellers in private boardroom appointments to form strategic partnerships and secure new business in the technology sector. Additional information about Vision Events can be found on the Internet at http://www.visionevents.com.

About Gartner

Gartner, Inc. is a research and advisory firm that helps more than 10,000 clients understand technology and drive business growth. Gartner's divisions consist of Gartner Research, Gartner Consulting, Gartner Measurement and Gartner Events. Founded in 1979, Gartner, Inc. is headquartered in Stamford, Connecticut and consists of 4,600 associates, including 1,400 research analysts and consultants, in more than 80 locations worldwide. The company achieved fiscal 2000 revenues of $855 million. For more information, visit www.gartner.com.

About Imation Corp.

Imation Corp. is a $1.2 billion global company widely recognized as a leader in removable data storage and color image management.

Imation removable data storage offerings are a key ingredient in much of the world's technology infrastructure - from corporate data centers, to networks, to small businesses and home users. The product line is one of the broadest in the industry, with magnetic and optical products for the enterprise data center, the network environment, and the consumer. For business users, Imation magnetic tape cartridges deliver reliable data storage in data processing, backup and archive applications. Imation's storage consulting services help customers to improve performance, maximize efficiency, and minimize cost for a multitude of storage environments. Consumers use Imation's broad range of digital media, drives and accessories to store photos, data, music and more. On its own and through industry alliances, Imation continues to pioneer today's proven tape, optical and diskette technologies. Data storage revenues were $866 million in 2000.

Imation Color Technologies provides innovative proofing products, software for digital color control and value-added services that reduce cycle times and increase throughput for the graphic arts, creative, marketing communications, office and Internet markets. Building upon its industry-standard Matchprint proofing system, Imation now offers a wide range of digital and conventional Matchprint-branded systems to help professionals ensure accurate color reproduction from concept to final output. Imation works with a growing number of industry partners to embed its color calibration technology in OEM printing and copying devices. Color Technologies revenues were $273 million in 2000.

Imation Digital Solutions and Services (DSS) is focused in two areas - OEM Services and Document Imaging. Imation DSS services wide-format color and imaging equipment through relationships with large OEMs. In Document Imaging, Imation DSS is a system integrator for customers with wide-format engineering document imaging systems who are migrating from analog to digital systems. DSS revenues were $94 million in 2000.

As of March 31, 2001, Imation employed approximately 4,200 people worldwide. The Company has sales in over 60 countries with international revenues contributing 45% of total sales. Additional information about Imation is available on the Company's website at http://www.imation.com, or by calling Imation at 1.888.466.3456. To receive recent news releases, corporate information and related shareholder services, call Imation's shareholder information line at

• 1.888.IMN.NYSE (1.888.466.6973).

Certain information contained in this news release which does not relate to historical financial information may be deemed to constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties that could cause the Company's actual results in the future to differ materially from its historical results and those presently anticipated or projected. Among these factors are the Company's ability to meet its cost reduction and revenue growth targets, its ability to implement its restructuring program on a timely basis and to achieve the projected benefits, its ability to introduce new offerings in a timely manner, the competitive pricing environment, foreign currency fluctuations, the ability of Imation to secure adequate supply of certain high demand products, the ready availability and price of energy, the market acceptance of newly introduced product and service offerings, the rate of decline for certain existing products as well as various factors set forth in the Company's filings with the Securities and Exchange Commission.

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