EMC Promotes Irina Simmons to Senior Vice President and Treasurer; EMC Veteran Recognized for Outstanding Financial Management.

Business Editors/High-Tech Writers

HOPKINTON, Mass.--(BUSINESS WIRE)--July 28, 2003

EMC Corporation, the world leader in information storage, today announced that Irina Simmons, an eight-year EMC veteran and the company's Treasurer since 2000, has been promoted to Senior Vice President and Treasurer. Simmons reports to Bill Teuber, Executive Vice President and Chief Financial Officer, and oversees EMC's overall risk and liquidity management, which includes the management of more than $6 billion in cash and investments.

Teuber said, "Few companies can say that they've strengthened their balance sheet during the downturn, yet under Irina's watch as Treasurer, cash and investments have grown nearly 80%, from $3.4 billion in 2000 to more than $6 billion today. Irina has been an invaluable member of our team and has played an integral role in our financial performance during one of the most turbulent markets in recent history. EMC and its shareholders are grateful for all of her hard work."

Simmons became Treasurer in 2000 and is responsible for interest rate, equity, foreign exchange and property/casualty risk; the company's global and investment bank relationships; and nearly $1 billion in employee benefit assets including EMC's employee stock purchase plan (ESPP). She joined EMC in 1995 as Assistant Treasurer. Prior to joining EMC, Simmons spent 15 years in various finance and treasury-related positions in the Massachusetts technology industry, including serving as Assistant Treasurer for Lotus Development Corporation.

Simmons serves on the Board of Trustees at Dean College in Franklin, Massachusetts, the Executive Board of the National Association of Corporate Treasurers, the Board of Directors of the Financial Executives International in Boston, and the Executive Board of the Knox Trail Council, Boy Scouts of America. She holds a B.A. in Economics and French from Tufts University and an M.B.A. from Boston University.

EMC today also announced the promotion of Rona Newmark and the appointment of Mark Sorenson to Senior Vice President (see related news releases).

About EMC

EMC Corporation (NYSE: EMC) is the world leader in information storage systems, software, networks and services, providing automated networked storage solutions for organizations across the globe. Information about EMC's products and services can be found at www.EMC.com.

EMC, CLARiiON and Navisphere are registered trademarks, and EMC Automated Networked Storage, MirrorView, SAN Copy and SnapView are trademarks of EMC Corporation. All other trademarks are the property of their respective owners.

This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) the transition to new products, the uncertainty of customer acceptance of new product offerings, and rapid technological and market change; (iv) insufficient, excess or obsolete inventory; (v) competitive factors, including but not limited to pricing pressures; (vi) component quality and availability; (vii) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (viii) war or acts of terrorism; (ix) the ability to attract and retain highly qualified employees; (x) fluctuating currency exchange rates; (xi) risks associated with strategic investments and acquisitions; and (xii) other one-time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.