Imation Corporate Fact Sheet

Imation Corporate Fact Sheet

Overview:

Imation Corp. is a $2.3 billion global technology company that creates system, product and service solutions for the handling, storage, transmission and use of information.

Launched as an independent company on July 1, 1996, Imation is a spin-off of 3M's data storage and imaging businesses. The name Imation combines the essence of the company's core businesses -- information and imaging -- with its central values of innovation and imagination. Imation is focused on creating long-term customer and shareholder value through product solutions, a lean overhead structure, strategic industry alliances, new technology platforms and fast response time. Imation common stock will be traded on the New York Stock Exchange and the Chicago Stock Exchange under the trading symbol "IMN".

Mission:

Through a vision based on customer focus, technological innovation, value delivery and organizational flexibility, Imation is focused on pursuing a singular goal: To be the best global source for imaging and information solutions tailored to customer needs.

Operations:

Imation is a global company with approximately 10,000 employees. With a market presence in more than 60 countries, Imation operates 17 manufacturing, research and distribution facilities.

Sales:

The 3M business units that comprise Imation generated sales of approximately $2.3 billion during 1995, which would have placed it on the Fortune 500 list of the United States' largest manufacturing companies. Operating in a $20 billion global market, over 50 percent of the company's sales will be generated outside of the United States.

Businesses:

Imation is a leader in the industries in which it operates, and provides innovative information and imaging solutions:

Data Storage Products
Medical Imaging and Photo Products
Printing and Publishing Systems
Customer Support Technologies and Document Imaging

Heritage:

Imation combines its 3M heritage -- brand recognition, reliability, solid leadership and a commitment to quality -- with the advantages of starting anew as a fast, focused, aggressive, entrepreneurial and customer-driven company, able to quickly adjust to the marketplace and customers' needs. With established brand leadership in key product lines, Imation is leveraging its significant strengths in the generation, processing, storage and transmission of data, text, audio, video and still images. To support the transition, Imation's logo and product packaging temporarily will carry the phrase "Borne of 3M Innovation."

Key Product Platforms:

DryView™ laser imagers
Matchprint™ and Rainbow™ color proofing systems
Travan™ data cartridges
LS-120 diskette technology

Strategic Partners:

3M Matsushita

Adobe
Cemax-Icon
Compaq
Exabyte
General Electric
Hewlett-Packard
IBM
Minolta
MKE
NEC
NetCo Com.
StorageTek

Management:

Imation's management team is comprised of individuals who have played major roles in building world-class businesses:

William T. (Bill) Monahan Chairman and Chief Executive Officer

Carolyn Bates General Counsel and Secretary

Jill Burchill Chief Financial Officer

Dr. Krzysztof Burhardt Vice President - Technology Development

Wil DeBoer General Manager - Customer Support Technologies and Document Imaging

Dennis Farmer Vice President - Marketing and Public Affairs

Barry Melchior Director - Corporate Engineering and Manufacturing Services

David Mell Vice President - Corporate Business Processes

Richard Northrop Vice President - Europe

Chuck Oesterlein Vice President - Operations

Clifford Pinder Vice President - Operations

Michael Sheridan Vice President - Operations

James Stewart Corporate Controller

Deborah Weiss Treasurer

David Wenck Vice President - International