EXABYTE ANNOUNCES ACQUISITION OF GRUNDIG DATA SCANNER GmbH

BOULDER, Colo., Sept. 15, 1994 -- Exabyte Corp. (NASDAQ: EXBT) and GRUNDIG
AG today announced the execution of a definitive agreement for the
acquisition by Exabyte of 100 percent of the shares of GRUNDIG DATA
SCANNER GmbH.

With activities in the area of research and development, GRUNDIG DATA
SCANNER GmbH owns technology rights related to high-performance
helical-scan tape components. The research and development team,
consisting of approximately 25 employees, will continue the head and
scanner development efforts in Furth, Germany.

Commenting on the acquisition, Peter D. Behrendt, Exabyte chairman of the
board, president and chief executive officer, said, "Access to head and
scanner development and manufacturing capability is strategically
important to Exabyte as we move to the production of sophisticated tape
subsystems, including the announced 20-gigabyte Mammoth 8mm tape drive and
its successors."

GRUNDIG AG is a consumer and professional electronic company, headquartered
in Furth, Germany. With annual revenues of $2.2 billion, the company is
one of the top three in European consumer electronics and a well-known
brand worldwide. Besides TV and HiFi activities, GRUNDIG is also engaged
in telecommunications, multimedia, video and security technology, mobile
radio and office electronics.

Headquartered in Boulder, Colo., Exabyte Corp. designs, manufactures and
markets a full range of tape storage products: 8mm, 4mm and quarter-inch
cartridge tape drives, tape libraries and recording media. The world's
largest independent manufacturer focused solely on tape products, Exabyte
ships its products through a network of original equipment manufacturers,
value-added resellers and distributors.

Exabyte Corp
1685 38th St
Boulder, CO 80301
303-442-4333, fax 303-447-7170

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