Court Re-Schedules Post Trial Hearing in Lexar Media, Inc. v. Toshiba Corporation for June 21, 2005.

FREMONT, Calif. -- Lexar Media, Inc. (Nasdaq:LEXR), a leading marketer and manufacturer of high-performance digital media and accessories, today confirmed that the Court has re-scheduled the Lexar Media, Inc. v. Toshiba Corporation post-trial hearing for June 21, 2005 beginning at 1:30 PM PDT. If necessary, the hearing may continue to June 22. The Court has also scheduled a conference with counsel for June 14 to determine which matters will be addressed at the hearing.

In post trial motions, Lexar has asked the Court for an injunction of Toshiba products that have specifically been found to incorporate Lexar's trade secrets, including Toshiba's large and small block NAND flash chips, as well as Toshiba's CompactFlash, Secure Digital and xD Picture Card products and any other products that contain the same functionality covered by Lexar's trade secrets.

Lexar has also asked that the Court consider Lexar's claim of unfair competition, which is based on California Business and Professions Code Section 17200 and follows the jury verdicts finding Toshiba Corporation (JP:6502) and Toshiba America Electronic Components, Inc. (PNK:TOSBF.PK) liable for $465.4 million in damages for breach of fiduciary duty and theft of trade secrets.

Toshiba has asked the Court to rule on its equitable defenses. The Court is expected to rule on the various post-trial motions sometime after all hearings have been completed.

About Lexar Media, Inc.

Lexar is a leading marketer and manufacturer of flash memory cards, USB flash drives, card readers and ATA controller technology for the digital photography, consumer electronics, industrial and communications markets. The company holds over 80 issued or allowed controller and system patents, and licenses its technology to companies including Olympus, Samsung Electronics, SanDisk and Sony. For more information, please call 800-789-9418 or visit www.lexar.com.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. These forward-looking statements include assertions regarding our current litigation with Toshiba, including, among others, statements regarding anticipated timing of hearings and decisions by the Court. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements. These risks include: that there is no guarantee regarding the timing and outcome of our current litigation matters, including whether such matters will be resolved in our favor; and that we may become involved in additional litigation that could divert management's time and attention, be time-consuming and expensive to defend and limit our access to important technology. Readers should also refer to the risk factors described in our filings with the Securities and Exchange Commission, including our Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 10, 2005. We assume no obligation to update the forward-looking information contained in this news release.

Lexar and the Lexar logo are trademarks of Lexar Media, Inc. All other brand or product names are trademarks or registered trademarks of their respective holders.