Imation Named One of 100 Best Corporate Citizens by Business Ethics Magazine - Company ranked 39th out of the 1,000 largest US public companies

1st April, 2003, Hong Kong - Imation Corp. (NYSE: IMN), a worldwide leader in removable data storage media, today announced that it has been named to the "100 Best Corporate Citizens" list by Business Ethics magazine. The publication uses independent quantitative research to rank the 1,000 largest US-based public companies on their social responsibility behavior to major stakeholder groups, including employees, women and minorities, customers, local communities, shareholders, international stakeholders and the environment.

"Imation is proud to be included in this ranking of companies that represent the best in corporate citizenship. This honor is a tribute to the people of Imation around the world and the tremendous quality and value they deliver to our stakeholders," said Bill Monahan, chairman and CEO, Imation Corp. "We see personal and business integrity as common, everyday way of life. These principles guide the way we conduct our business, from our financial disclosure and environmental stewardship, to citizenship in our communities and respect for our customers and employees."

Imation's ranking reflects significantly above average ratings in regards to four stakeholder groups in particular: minorities and women, shareholders, the environment and employees. Flexible working conditions, encouraging work/life balance and an open environment and merit-based promotion, compensation and recognition all make Imation an attractive employer of choice. Imation's strong financial performance has resulted in Imation's stock being the 12th best performing US stock in 2002 and one of only 46 NYSE-listed stock that appreciated more than 25% in both 2001 and 2002. Imation's environmental stewardship, driven to go "beyond compliance" with regulatory requirements, reflects a commitment not only to our employees and our communities, but also to our customers. The Company's environmental approach has resulted in regulatory flexibility to provide imaginative solutions, rapid new product introductions and efficient operation to benefit customers. Imation operates in more than 60 countries, with 49 percent of revenue from outside the US. The broad geographic reach is built on an approach of a global company valuing the local perspective of employees and customers in diverse markets. Employee involvement in community organizations is actively encouraged. From a corporate giving standpoint, Imation places the highest priority on funding education and technology programs in schools.

About the Listing
Statistical analysis for the list was done by Sandra Waddock and Samuel Graves of the Carroll School of Management at Boston College in Chestnut Hill, Mass. Social ratings were provided by KLD Research & Analytics of Boston, a research firm serving socially responsible investors.