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Quantum Obtains New York Stock Exchange Listing Extension

Until January 15, 2019

Quantum Corp. received a five-month extension for continued listing and trading of Quantum’s common stock on the New York Stock Exchange.

The extension, which is subject to review by the NYSE on an ongoing basis, provides the company until January 15, 2019, to file its Form 10-K for the year ended March 31, 2018, and its Form 10-Qs for the three months ended December 31, 2017, and June 30, 2018, with the SEC.

During the extension period, the company’s shares will continue to be listed and trade on the NYSE, subject to compliance with other continued listing requirements.

If Quantum does not become current with its periodic filings with the SEC by January 15, 2019, the NYSE could either grant a final additional extension to February 15, 2019, or move forward with the initiation of suspension and delisting procedures.

Quantum continues to work to become current with its SEC filings as required under applicable securities laws.

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