PHOTOKINA, Cologne, Germany, September 25, 2002 - Lexar Media, Inc. (Nasdaq: LEXR), a leading developer of flash mass storage systems and an innovator of high-performance digital media and accessories, today introduces its new USB Multi-Card Reader. Users working with multiple digital memory card formats can experience the convenience of the Multi-Card Reader's six different memory card slots integrated into one streamlined card reader. The Multi-Card Reader is compatible with CompactFlash(tm) Type I/II, SmartMedia(tm), Memory Stick(tm), MultiMediaCard(tm) and SecureDigital(tm) memory cards and is priced $39.99 manufacturer's suggested list.

"Our new Multi-Card Reader has an extremely small and portable design, especially considering that it accepts six different memory card form factors. It's the perfect reader for anyone juggling multiple devices that take different types of storage cards," said David Klenske, director of product marketing, Lexar Media. "With the Multi-Card Reader as a primary data transfer device, users can spend less time moving digital music, images and movie files between digital equipment and computers."

As with other Lexar Media card readers, the Multi-Card Reader offers portability and USB connection to PC or Macintosh, a built-in data write protection light that blinks while files are being written to, or transferred from the memory card within the reader, free technical support and one-year warranty.

About Lexar Media, Inc.
Lexar Media, Inc. (Nasdaq: LEXR) 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 40 memory and controller patents. Licensees of Lexar Media's technology include Olympus, SanDisk, Samsung Electronics and Sony. 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.lexarmedia.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 the benefits of and demand for Lexar Media's products and the growth opportunities available to Lexar Media. 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 our business will not succeed unless the digital photography and market for our products market continues to grow and is accepted by professional, commercial and consumer users and we market our products film primarily on the basis of their superior technology and if we are unable to achieve or maintain technology leadership, our gross margins and revenues would likely decline significantly.. Readers should also refer to the risk factors described in Lexar Media's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for its fiscal year ended December 31, 2001, filed with the Commission on April 1, 2002. Lexar Media assumes no obligation to update the forward-looking information contained in this news release.

Lexar Media, the Lexar Media logo and JumpDrive are trademarks of Lexar Media, Inc. Lexar Media, Inc. is an authorized licensee of the CompactFlash trademark. All other brand or product names are trademarks or registered trademarks of their respective holders.

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