[September 21, 2017]

Toshiba Corporation's Statement Regarding the Request for Arbitration Filed by Western Digital's SanDisk Concerning Investment in Toshiba's Fab 6

Western Digital Corporation's subsidiary SanDisk (News - Alert) LLC (SanDisk) and certain of its subsidiaries, through their attorneys, have notified Toshiba Corporation (TOKYO:6502)(Toshiba) and Toshiba Memory Corporation (TMC), a wholly owned subsidiary of Toshiba (News - Alert), that they have initiated arbitration regarding TMC's planned investments for additional BiCS capacity at TMC's Yokkaichi Operations, including at its Fab 6 building. Although Toshiba has not yet received a formal copy of the arbitration requst, and is therefore not in a position to comment regarding its substance, Toshiba is disappointed by Western Digital's (News - Alert) initiation of additional arbitration at this important time for the parties' collaboration.

As previously announced, production at Fab 6 will be entirely devoted to BiCS FLASH^TM, Toshiba's premiere 3D Flash memory product. Phase-1 of the fab is scheduled for completion in summer 2018, and will be a unilateral investment by Toshiba following SanDisk's unwillingness to agree to reasonable commercial terms.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170921005544/en/

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