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March 15, 2023 RESEARCH TRIANGLE PARK, N.C. Today, Lenovo (HKSE: 992) (ADR: LNVGY) announced new solutions to enable customers to better solve for rapidly growing data management needs, coupled with new milestones in its enterprise storage momentum. For the first time, Lenovo is ranked as the #1 storage provider in the Price Bands 1-4 (storage <$25K) external storage category, which represents 61% of the total market for storage device units sold globally1. Lenovo also grew to the #5 storage provider globally in all segments, according to IDC Worldwide Quarterly Enterprise Storage Systems Tracker, 4Q22. Additionally, its new enterprise-class storage solutions deliver significant power efficiency increases and datacenter space savings to help support sustainability goals while new ThinkSystem storage systems help safeguard critical data with advanced ransomware protection. Lenovos storage portfolio has experienced significant growth in the last year with an all-time record 138% YTY revenue increase.

Fueled by strong market momentum in edge-to-cloud servers, storage, and software, Lenovo is further transforming into a full-service solutions provider with continued expansion and leadership across a comprehensive infrastructure solutions portfolio. Building on its global leadership among the top three server companies in the world, Lenovo has also seen >100% year-over-year growth in the All-Flash Array (AFA) category and 22%2growth in midrange storage, further demonstrating Lenovos comprehensive data management and storage portfolio is gaining broad market momentum. As part of the companys overall achievement, Lenovo TruScale Infrastructure as-a-Service also grew more than 600% YOY Year-to-Date.

Lenovo is committed to being the industrys most trusted partner and empowering our customers intelligent transformation, said Kirk Skaugen, President of Lenovo Infrastructure Solutions Group. Our tremendous growth in the market, now becoming the #1 storage provider in price bands <$25K, underscores the trust customers and partners have placed in Lenovo through our channel-centric strategy. The breadth of our data management portfolio is continuing to expand with our recently announced WEKA solutions, custom cloud storage solutions, and an ever-increasing software defined portfolio.

New Storage Innovation

Lenovo offers a comprehensive portfolio of enterprise-class data management solutions from entry to high end, including enterprise storage arrays and infrastructure, Hyperconverged Infrastructure (HCI), Software Defined Storage (SDS), TruScale Infinite Storage as-a-service, and vertically focused workload solutions working with ISV application software partners. Leveraging in-house design and manufacturing capabilities to drive innovation, Lenovo is releasing new storage solutions to protect against threats to customers critical data and help support sustainability goals by more effectively powering todays demanding data management and analytics needs. The new solutions include:

Solving Data Management Needs for Customers

Lenovos breadth of data management solutions meet the complex needs of customers across a full breadth of high-growth industries. The ability to protect, analyze, and manage data is vital to an organizations business. Petco, which operates more than 1,500 pet care centers across the U.S., Mexico, and Puerto Rico, is modernizing its IT infrastructure to support its customer success strategy. The company is deploying a network of Lenovo ThinkSystem DE4000 storage systems and SR650 V2 servers to gain better data insights and scalability through a flexible consumption and deployment model.

Petco is focused on setting new standards in pet care with seamless, one-stop shopping and more personalized support for pet parents, and our data management infrastructure is critical to delivering this experience for customers, said Guillermo Corts Prieto, Director of Technological Innovation and Systems at Petco Mexico. Petco is leveraging industry-leading Lenovo ThinkSystem storage and servers with the Lenovo TruScale as-a-Service model to unlock faster insights to help us deliver new and differentiated offerings to the market.

Enabling the Channel Through Channel-Centric Strategy

Lenovo delivers value for channel partners when it comes to data management and storage solutions through the Lenovo 360 global channel framework for partners and a channel-centric commitment. Partners can easily access the full breadth and depth of the Lenovo portfolio across services and solutions, infrastructure, and intelligent devices. The framework helps partners to strengthen their position in the market and better respond to customer needs.

Lenovo is one of the best technology partners in the industry to help us address the robust media storage solution requirements of our customers in the Media and Entertainment industry, said Dave Van Hoy, President at Advanced Systems Group, LLC. Lenovos storage portfolio delivers the ideal benefits for our customers, and we can count on their continued partnership to deliver enablement and support to meet our business needs.

With a channel first mindset and broadened focus on entry storage lines, Lenovo ISG continues to grow its channel success with Ingram Microenabling more and more partners to solve for the storage needs of their customers, says Cheryl Rang, Executive Director, Advanced Solutions, Ingram Micro. By tapping into our Advanced Solutions team and Lenovos 360 partner framework, channel partners gain valuable resources and are better equipped to deliver and manage secure, end-to-end storage solutions to businesses of all sizes.

Providing greater efficiency and control over product development, innovation and supply chain operations, Lenovo has expanded its global reach, servicing over 180 markets with 35+ manufacturing facilities, including its first European in-house manufacturing facility recently opened in Hungary. Ranked ninth in the world of all global companies by Gartner in supply chain capability, Lenovos globally engineered supply chain highlights Lenovos leadership as a purpose-driven organization and operational center of excellence in the global supply chain community.

Visit Lenovo.com/storage to learn more about Lenovos leading storage solutions and customer stories.

About Lenovo

Lenovo (HKSE: 992) (ADR: LNVGY) is a US$70 billion revenue global technology powerhouse, ranked #171 in the Fortune Global 500, employing 82,000 people around the world, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver smarter technology for all, Lenovo has built on its success as the worlds largest PC company by further expanding into key growth areas including server, storage, mobile, solutions and services. This transformation together with Lenovos world-changing innovation is building a more inclusive, trustworthy, and sustainable digital society for everyone, everywhere. To find out more visithttps://www.lenovo.com,and read about the latest news via ourStoryHub.

LENOVO, THINKSYSTEM, THINKEDGE, THINKSHIELD, THINKPAD, THINKCENTRE, IDEAPAD and TRUSCALE are trademarks of Lenovo. All other trademarks are the property of their respective owners. 2023 Lenovo

1Representative of the percentage of entry system units shipped vs total storage units shipped as measured in IDC Worldwide Quarterly Enterprise Storage Systems Tracker, 4Q222Due to the existing JV in PRC the share represents the combined Lenovo and Lenovo NetApp Technology total3Comparison representative of replacing the predecessor model, the Lenovo D3284, with a Lenovo ThinkSystem D4390. Actual savings will depend on customer environment and usage patterns.

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