1 Property Fund. Other countries may
be considered during the remaining six-year life of the Fund. The product offering through Imation will include
the full suite of award -winning VXA products, including stand-alone
VXA-2 Packet Drives and VXA PacketLoaders as well as Exabyte's robust
line of Magnum LTO libraries.

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The Fund offers institutional investors a vehicle seeking a
diversified portfolio of property investments in Asia.1 Property Fund marked our first venture into real estate
funds management. It is important that we do well both in fund raising
as well as in delivering performance to our investors.
The Fund first closed in April 2003 with commitments totaling
$102 million with the second closing attaining over $141 million.

About Henderson Global Investors

Henderson Global Investors is a leading investment management
company, providing a wide range of investment products and services to
institutions and individuals in Asia, Europe and North America."
Imation is a leading developer and manufacturer of removable data
storage media, serving customers' needs in more than 100 countries
worldwide.

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, Managing
Director, North America, and Property CIO. "The launching of the Fund
is a clear endorsement of the success of our Asian business strategy,"
commented Mr.imation.

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Today's announcement
marks another step in our growing relationship and is another example
of Imation's commitment to deliver the broadest portfolio of removable
data storage media products to our customers in Asia," said Nobuyoshi
Kawasaki, Executive Managing Director, Asia Pacific, Imation Corp. Exabyte will benefit from Imation's strong distribution
capabilities and end-user relationships.

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James Darkins, Managing Director, Property, at Henderson
Global Investors.
"Exabyte's VXA and Magnum products have garnered widespread
acclaim in product reviews and have been adopted by major OEMs,
including IBM, Apple and Fujitsu," said Chris Wening , Asia-Pacific
Sales Director, Exabyte Corporation. Exabyte has a worldwide network of OEMs, distributors and
resellers that share the company's commitment to innovation and
customer service.com
Imation and the Imation logo are trademarks of Imation. All other trademarks are
property of their respective owners.

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1 Property
Fund, jointly managed by Henderson Global Investors and Alpha
Investment Partners , a wholly owned subsidiary of Keppel Land Ltd, has
announced the final closing for the Fund, which has grown to a total
of $243 million. The success of
the fund raising reflects the strengths of our fund management unit
and our partner, Henderson Global Investors," said Mr Kevin Wong,
Managing Director of Keppel Land Ltd.

Exabyte Selects Imation to Deliver Tape Drives Libraries and Media to Fast -Growing Asian Market

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1 Property Fund is a pan-Asia direct property fund
targeting assets with high income yields and good prospects for value
growth.8bn (as of December 31, 2004) of property
assets under management globally in the form of segregated mandates,
pooled funds , both balanced and sector specialist, for direct property
as well as property securities funds.

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Its latest investment in Tokyo is a newly completed retail
asset in Fujisawa, in the Tokyo metropolitan area.

Henderson Property

Henderson has been managing property assets for more than four
decades and has over $10.
"In November of 2003, Imation and Exabyte entered into an
agreement that established Imation as the exclusive worldwide
distributor of Exabyte brand media products.

Exabyte,
VXA and ExaBotics are trademarks of Exabyte.

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Business Editors

CHICAGO----The Asia No. Information about the South Asia region is
available at www.

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"Asia No.

Imation Corp (NYSE:IMN) is a leading developer, manufacturer and
supplier of magnetic and optical removable data storage media.

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D. Exabyte is the only manufacturer to offer
VXA Packet Technology, which enables its VXA Packet drives,
autoloaders and tapes to read and write data in packets like the
Internet , allowing far superior restore integrity, exceptional
transfer speeds and scalable tape capacities .

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About Imation Corp.

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The Asia No.
Investments have been made in Seoul, Hong Kong, Singapore and
Tokyo.
The Fund has a diverse investor base with institutions and family
offices from the UK, Europe, Australia, Asia, North America and the
Middle East.
As a leading property developer in Asia, the Company was bestowed
several international accolades including the FIABCI Prix d'Excellence
Award (Office/Industrial Category) in 2003 and Storebrand's "Best in
Class" status for environmental and social performance in 2004. Exabyte has a strong presence in the
APAC region with offices and operations in Singapore, Tokyo, China,
India, and Australia.

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We are thrilled to expand our relationship with Imation
by working together to serve the dynamic and growing market in this
region.exabyte .

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(NYSE:IMN),
a worldwide leader in removable data storage media, today announced
they are expanding their existing relationship to establish Imation as
an authorized reseller of Exabyte's VXA and Magnum (LTO(TM)
Ultrium(TM)) drives, libraries and media throughout the Asia-Pacific
region. With award -winning VXA
Packet Technology, patented ExaBotics(TM) and its innovative
engineering approach , Exabyte delivers VXA(TM) and LTO(TM)
(Ultrium(TM)) products that consistently raise the bar for industry
standards. The company's product suite is ideally suited for SMB and
departmental servers , workstations, LANs, and SANs, providing
dramatically higher capacity, speed and reliability at competitive
prices.

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The
ability to strategically allocate investments across different
geographies and property sectors will help the Fund achieve superior
returns and reduce risks for investors.7bn (as of December 31, 2004) in assets
and employs around 900 people world-wide.

Business Editors/Technology Writers

BOULDER, Colo.

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The expanded relationship with Imation augments
the company's current operations in this growing market.exabyte. For investor relations inquiries, contact Kelly
Beavers at investor@exabyte.imation-southasia.

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The Asia No."
This agreement expands Exabyte 's existing distribution channels to
provide more coverage in the region.

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Our partnership with Alpha /Keppel has been a very
fruitful one and in particular, we have assembled a group of truly
global investors," said Charles H. Wurtzebach, Ph.
Henderson manages over $132. "This relationship leverages
Imation's sales capabilities and global customer reach to enhance the
sales and promotion of Exabyte 's drives, libraries and media products
in the Asian market, where Imation has a long-established presence and
customer base.

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1 Property Fund's strategy is based on seeking
opportunities in the office, residential and retail sectors in the
core countries of Japan, Hong Kong and Singapore.com

About Exabyte Corporation

Exabyte Corporation, now in its 20th year, is the leading
innovator in tape storage.

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----

Imation to Augment Sales, Marketing, and Distribution Services
for Exabyte 's VXA and Magnum Product Lines Throughout the Region

Exabyte Corporation (OTCBB:EXBT), a leading innovator in tape
backup, restore, and archival systems, and Imation Corp. For more information on Exabyte,
its channel partners, and its products, please visit www.

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"We are delighted with the success of our fund raising for Asia
No.
Exabyte will resell its VXA and Magnum products through Imation in
the Asian market, including Bangladesh, Cambodia, India, Indonesia,
Laos, Malaysia , Mauritius, Myanmar, Pakistan, Philippines, China, Hong
Kong, and Taiwan.

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When fully
invested , the Fund will have a portfolio of about $600 million.
Additional information about Imation is available on the company's
website at www.com.

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Asia No.1 Property Fund's Final Closing Brings Total to $243 Million Henderson Global Investors Announces

About Keppel Land

Keppel Land is one of the largest property companies listed on the
Singapore Exchange, with presence in Singapore, China , Thailand,
Vietnam, Hong Kong, India, Indonesia, Japan, Malaysia, Philippines,
South Korea and Australia. "We
see strong growth potential in the rapidly modernizing and upgrading
enterprise networks in Asia. With Imation's more than 50 years of
experience in removable data storage, strong distribution channels,
and deep customer knowledge, we are well positioned to service the
customer needs for greater data storage and protection solutions
within the region with Exabyte's highly reliable suite of innovative
products. For additional information, call 800-EXABYTE or
visit www.com.