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09 January 2003

PLASMON PLC

Plasmon and IBM sign Agreement to provide Attachment support for Plasmon's Ultra Density Optical (UDO) technology on IBM's eServer iSeries

Plasmon, the market leader for professional optical archive solutions, today announced the signing of an agreement with IBM. Under the terms of the agreement, IBM will provide attachment support for Plasmon's latest G-Series libraries with 9.1GB MO drives and the next generation UDO 5.25 inch optical drives on IBM eServer iSeries systems. UDO media will be available in standard 5.25 inch cartridges with an initial capacity of 30GB; growing to 120GB in both rewritable and true "write once" formats.

Plasmon will complete certification under IBM's "Total Storage Partner" programme, enabling iSeries customers to integrate Plasmon brand libraries directly into their own systems. This will bring to users the benefits of a UDO platform offering a long-term support roadmap of dramatically increasing optical storage capacities.

Nigel Street, CEO of Plasmon, commented:

"IBM's iSeries customers are an important market for optical libraries and we're pleased to be working with IBM to support such an important user base. This new agreement will provide native support for UDO technology on the iSeries platform and enable Plasmon to promote UDO as the future standard in professional optical storage technology for archival applications."

Enquiries:

Plasmon Plc (01763 261466)

Nigel Street (Chief Executive)

Tim Arthur (Finance Director)

Citigate Dewe Rogerson (020 7638 9571)

Martin Jackson / Sara Batchelor

About Plasmon

Listed on the London Stock Exchange (LSE: PLM), Plasmon is an international business specialising in the design and manufacture of high-end removable data storage solutions. Worldwide, Plasmon has annual sales revenues in excess of $100m.

Plasmon is leading the development of UDO technology, the next generation 5.25 inch optical technology and the world's first blue-violet laser optical disk drive developed specifically for the professional data storage market. UDO media will be available in standard 5.25 inch cartridges with an initial capacity of 30GB; growing to 120GB. Unlike previous technologies, UDO drives will support both Rewritable and true "Write Once" formats. The combination of high capacity and flexible media formats makes UDO ideally suited to meet corporate and governmental regulatory standards for long-term data archival at a dramatically reduced cost per gigabyte.

http://www.plasmon.com

The IBM eServer

The IBM eServer brand consists of the established IBM e-business logo with the descriptive term "server" following it. IBM and iSeries are trademarks or registered trademarks of International Business Machines Corporation in the United States and/or other countries.