Lexar Media Expands Intellectual Property Enforcement

FREMONT, Calif., November 5, 2002 -- Lexar Media. Inc. (Nasdaq: LEXR), a leading developer of flash mass storage systems and an innovator of high-performance digital media and accessory products, today announced that it had expanded its efforts to protect its intellectual property as follows:

• Lexar Media today filed in Santa Clara County Superior Court a lawsuit alleging theft of trade secrets and breach of fiduciary duty claims against Toshiba Corporation, Toshiba America, Inc. and Toshiba America Electronics Corporation. The basis of the allegations is that since the inception of Lexar Media in 1996, and including the period from 1997 through 1999 when Toshiba was represented on the Board of Directors of Lexar Media, Toshiba had access to and was presented with details of Lexar Media's methods of achieving high performance flash devices that Toshiba has now incorporated into its flash chips and flash systems. This case is captioned Lexar Media, Inc. v. Toshiba Corporation, Toshiba America Inc., Toshiba America Electronic Components, Inc., Case No. CV-812458.
  
  
• Lexar Media and Toshiba Corporation have recently commenced litigation regarding the issue of whether Toshiba infringes fourteen of Lexar Media's patents in United States District Court in the Northern District of California. This case is captioned Toshiba Corporation v. Lexar Media, Inc., Case No. C02 05273 (RS).
  
  
• Lexar Media yesterday filed an amended complaint in its litigation against Fuji Photo Film USA, Inc. (which is currently pending in United States District Court for the Eastern District of Texas) alleging that Fuji Photo's cameras (in addition to its flash card products) infringe Lexar Media's patents. This case is captioned Lexar Media, Inc. v. Fuji Photo Film USA, Inc., Civil Action No. 9:02cv178.

About Lexar Media, Inc.
Lexar Media, Inc. is a leading designer, marketer and licensor of award-winning removable flash-based digital storage media, card readers and ATA controller solutions for the digital photography, consumer electronics, industrial and communications markets. Lexar Media brands digital memory cards in the industry's most popular formats including CompactFlash, SmartMedia, Memory Stick, JumpDrive flash drive, MultiMediaCard and Secure Digital. A digital storage innovator, Lexar Media was the first to develop and advance proprietary read-write speed standards for its USB-enabled CompactFlash cards and holds over 50 memory and controller patents. Licensees of Lexar Media's technology include Olympus, SanDisk Corporation, Samsung Electronics Co., Ltd. and Sony Corporation. Headquartered in Fremont, California, Lexar Media also has offices in London and Tokyo. Lexar Media is a member of the Russell 2000 Index. For more information, please call 1-800-789-9418 or visit www.lexar.com.

Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. These forward-looking statements include statements related to Lexar Media's intellectual property. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements. These risks include that if we are unable to adequately protect our intellectual property, our competitors may gain access to our technology, which could harm our ability to successfully compete in our market and we are involved in intellectual property litigation, and expect to become involved in additional litigation that could divert management's time and attention, be time-consuming and expensive to defend and limit our access to important technology. Readers should also refer to the risk factors described in Lexar Media's filings with the Securities and Exchange Commission, including its Quarterly Report on Form 10-Q for its fiscal quarter ended June 30, 2002, filed with the Commission on August 14, 2002. Lexar Media assumes no obligation to update the forward-looking information contained in this news release