Imation Announces Its 2001 Computer Arts Scholarship Recipients; Imation Computer Arts Scholarship Program Rewards Students' Creativity and Innovation.

Business Editors

OAKDALE, Minn.--(BUSINESS WIRE)--April 27, 2001

Imation Corp. is pleased to announce the winners of its annual Computer Arts Scholarship Program. Through this unique program, 25 high school students from across the country are selected to receive $1,000 scholarships for their original works of computer generated art.

Launched in 1997 by Imation Corp. (NYSE:IMN) in partnership with the National Art Education Association (NAEA), the program supports the use of technology in arts education and encourages creativity and innovation among the nation's high school students.

Young Masters

"The entries submitted were an outstanding collection of artwork," said Imation CEO Bill Monahan. "We're delighted to see the quality of computer-generated artwork continue to improve each year. To be recognized as one of the top 25 in a pool of approximately 500 excellent works of art is indeed an honor. And we are honored to sponsor a unique program that highlights the creativity of these bright students, while at the same time, opens doors to the careers of tomorrow."

"The entries submitted were an outstanding collection of artwork," Monahan said. "It's rewarding to hear from the judges that these students have achieved a level of mastery only seen at college level just 15 years ago."

Program sponsor Tom Hatfield of the NAEA noted the way art is changing. "These students may not be using a paint brush or pencil to create their works of art, but they start with what all artists must have - creativity - and then transform it by using another artist's tool - the computer," Hatfield said.

Virtual Judging

Students at the Minneapolis College of Art and Design (MCAD) in Minneapolis, Minn., provided the initial review of all the entries and narrowed the selection to the top 100 finalists. A panel of eight judges selected the 25 scholarship recipients from the top 100 entries. For the first time in this program's history, judges were able to view the students' work online. Using Imation's Verifi(TM) Accurate Web Color technology, Imation was able to post the works of art on its website for review by its panel of renowned judges.

"Because Verifi allows us to preserve the integrity of the color of each of these creations, our judges throughout the country saw the exact color that each student intended for his or her work of art," said Brad Allen, vice president, corporate communications and investor relations. "With color being at the heart of an artist's work, accurate color is essential to judging these pieces."

In addition to the $1,000 scholarship, the students will receive a trophy for their school and an all-expense-paid trip with a parent, guardian or school representative to St. Paul for the awards weekend, April 27 - 28, 2001. The keynote speaker for the awards presentation is entrepreneur and graphic designer, Larry Lamb. Other weekend activities include an Interactive Media Workshop at the Minneapolis College of Art and Design (MCAD) and a tour of the Science Museum of Minnesota.

A global technology company, Imation Corp. supplies a variety of products and services worldwide, specializing in data storage and information management, color management and imaging solutions. In 2000, the Company reported revenues of $1.2 billion from continuing operations. As of December 31, 2000, the Company employed approximately 4,300 people worldwide. Additional information about Imation is available on the Company's website at http://www.imation.com, or by calling Imation toll-free at 1-888-466-3456. To receive recent earnings news releases, corporate information and related shareholder services, call Imation's toll-free shareholder information line at 1-888-IMN-NYSE (1-888-466-6973).

Please call Patty Kovacs [phone] if you would like a list of all 25 scholarship recipients or a particular student's entry emailed to you.