Imation Corp Announces Third Quarter 2004 Conference Call.

Imation Corp is scheduled to webcast its teleconference following the release of third quarter 2004 financial results on Tuesday, October 26, 2004. Financial results are scheduled to be released at 6:00 AM Central Daylight Time with the teleconference scheduled to begin at 9:00 AM Central Daylight Time.

A live webcast of the teleconference will be available on the Internet at http://www.imation.com/ or http://www.streetevents.com/ . A replay of this webcast will be available at either of these websites through Monday, November 1, 2004. A taped replay of the teleconference will be available beginning at 12:00 PM Central Daylight Time, October 26, 2004 until 5:00 PM Central Time on Monday, November 1, 2004 by dialing 866-219-1444 (access #555885).

All remarks made during the teleconference will be current at the time of the call and the replay will not be updated to reflect any subsequent material developments.

About Imation Corp

Imation Corp is a leading developer, manufacturer and supplier of magnetic and optical removable data storage media. As the only U.S.-based manufacturer of advanced magnetic data storage media, Imation has a heritage in removable data storage media that spans more than 50 years, since the introduction of the first data storage tape in 1953. Today, Imation continues to be the leader of removable data storage media, offering the broadest product portfolio in the industry -- spanning from a few megabytes to hundreds of gigabytes of capacity in each piece of media, and serving customers in more than 100 countries, in both business and consumer markets. Revenues in 2003 were $1.16 billion. As of June 2004, Imation employed approximately 2,800 people worldwide and revenues from outside the U.S. contributed approximately 58 percent of total sales. With more than 300 technology scientists and more than 330 data storage patents in the U.S., Imation continues to pioneer today's proven magnetic, flash and optical media technologies. Additional information about Imation is available on the company's website at http://www.imation.com/ , or by calling 1-888-466-3456.

CONTACT: Brad Allen, Vice President, Corporate Communications and Investor Relations of Imation Corp, +1-651-704-5818, bdallen@imation.com

Web site: http://www.imation.com/