Datalink Corporation Closes $5.3 Million Private Placement of Common Stock.

Business Editors

MINNEAPOLIS--(BUSINESS WIRE)--May 22, 2002

Datalink Corporation (Nasdaq:DTLK), a premier independent information storage architect, announced today that it has completed a $5.3 million direct private offering of newly issued common stock to institutional investors. A total of 1,180,000 shares at $4.50 per share were sold. The investors also received warrants to purchase an aggregate 200,000 additional shares of common stock for $4.50 per share within the next five years.

Datalink intends to use the net proceeds from this private placement for general corporate purposes, including working capital. Pending such uses, Datalink intends to invest the net proceeds in short-term, interest-bearing, investment grade securities.

Greg Meland, President and Chief Executive Officer, commented, "These funds bolster our already strong balance sheet and give us added flexibility to grow our business. Also, since a majority of Datalink's shares are owned by management and other employees, this transaction increases the number of shares held by non employees and brings new investors to our shareholder base."

After the sale of the 1,180,000 shares in this private placement, Datalink now has 10,156,299 common shares outstanding.

The newly issued shares of common stock have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States in the absence of an effective registration statement. The Company expects to file a registration statement on Form S-3 in connection with this private placement within the next 30 days. This press release does not constitute an offer of any securities.

Datalink Corporation is an information storage architect. The company analyzes, designs, implements, and supports information storage infrastructures that store, protect, and provide continuous access to information. Datalink's specialized capabilities and solutions span storage area networks, network-attached storage, direct-attached storage, and IP-based storage, using industry-leading hardware, software, and technical services. Recent news releases and other information are available at http://www.datalink.com.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. This press release contains forward-looking statements, regarding Datalink's plans for the use of net proceeds from the sale of newly issued common stock and the effect of the new share issuance on the public trading market. Datalink cannot assure that it will profitably utilize the new funds raised or that its stock price will increase. Factors that could cause or contribute to these and other risks and uncertainties of Datalink and its business include, but are not limited to, those discussed in the "Risk Factors" section included in Datalink's Annual Report on Form 10-K for the calendar year ended, December 31, 2001.