Quantum Extends On May 29 the Expiration Date for Its Tender Offer

Quantum Corp. announced, in connection with its previously announced tender offer for its 4.375% Convertible Subordinated Notes due 2010, that it is extending the expiration date from 5:00 p.m. EDT on May 27, 2009 to 5:00 p.m. EDT on May 29, 2009. Noteholders may withdraw tendered Notes at any time on or before the new expiration date.

Except for the extension of the expiration date announced today, all terms and conditions of the tender offer remain unchanged. The complete terms and conditions of the tender offer are set forth in an Offer to Purchase, dated March 27, 2009, and the related Letter of Transmittal, each as amended or supplemented from time to time.

As of 5:00 p.m. EDT on May 27, 2009, approximately $32 million in aggregate principal amount of Notes have been validly tendered and not properly withdrawn pursuant to the tender offer.

Quantum has retained Credit Suisse to act as the dealer manager for the tender offer.

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EMC Financing Quantum…
$100 million commitment to enable refinance of Quantum’s convertible debt

.. And Quantum Commenced Tender Offer for Up to $142 Million
To finance this EMC loan

Quantum Revised Its Tender Offer 
Price increased, and May 27 for the expiration date

New Terms of Tender Offer for Quantum 4.375% Convertible Subordinated 
Due 2010