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Creating Two Independent Public Companies slide image

Creating Two Independent Public Companies

Conclusion of Strategic Review © 2023 WESTERN DIGITAL CORPORATION OR ITS AFFILIATES ALL RIGHTS RESERVED ■ At the May 2022 Investor Day, Western Digital publicly announced it was exploring broader options to reposition the company with the full support of the Board, in consultation with advisors and multiple interested external parties ■ On June 7, 2022, the company announced a formal, public Strategic Review aimed at further optimizing long-term value for its shareholders ■ Western Digital fully evaluated a comprehensive range of alternatives that could unlock value in both our HDD and Flash businesses ■ After a comprehensive Strategic Review, Western Digital determined that spinning off its Flash business is the best, executable alternative at this time ■ Western Digital Board remains open to considering any alternatives that deliver superior value to the proposed separation should they become available Western Digital. HDD Flash
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