SanDisk Will Supply Nikon With 32 Megabyte CompactFlash Cards That Will Be Included With Every Coolpix 5000 Camera Sold

SUNNYVALE, CA, Oct. 2, 2001 - SanDisk Corporation (NASDAQ:SNDK) announced today that Nikon has selected SanDisk's CompactFlash(tm) cards for its newest high-resolution, lightweight digital camera, the Coolpix® 5000. A 32-megabyte (MB) SanDisk CompactFlash card will be included with each camera sold.

Nelson Chan, senior vice president of worldwide sales and marketing, SanDisk, said, "Nikon has been relentless in its drive to develop high-resolution digital cameras with stunning image quality, and the Coolpix 5000 is a real standout. We are proud to continue our partnership with Nikon to provide the storage cards for the Coolpix 5000. With more than 35,000 retail outlets worldwide selling SanDisk-branded flash cards and card readers, Nikon customers can be assured of finding SanDisk CompactFlash cards and accessories wherever they want to take pictures."

Deborah Sauer, Nikon's general manager of marketing, said, "The Coolpix 5000 was designed for serious photographers who want advanced features in a lightweight body. We needed high-capacity, high-performance CompactFlash cards for the camera and SanDisk was able to deliver exactly what we required. SanDisk has a reputation for developing and selling advanced flash memory cards, and we are glad to be working with them."

The Nikon Coolpix 5000 features a 3x Optical Zoom-Nikkor lens, a 5-megapixel CCD, a 1.8-inch color LCD monitor that titles and swings for easier subject framing, a USB cable for one-touch image transfers to the web and a Movie Mode function that captures 40 seconds of QuickTime video and audio.

The Coolpix 5000 is a lightweight digital camera with a high-strength magnesium-alloy body, and is expected to be available in November at a suggested retail price of $1,099.95.

SanDisk CompactFlash develops and markets rugged, industry-standard, reusable flash memory cards that are available in capacities ranging from 8 to 512MB.

SanDisk Corporation, the world's largest supplier of flash data storage products, designs, manufactures and markets industry-standard, solid-state data, digital imaging and audio storage products using its patented, high density flash memory and controller technology. SanDisk is based in Sunnyvale, CA.

Nikon Inc., the world leader in precision optics, 35mm and digital imaging technology, is recognized for setting new standards in product design and performance in consumer and professional photographic equipment. Nikon Inc. distributes the Nikon Total Imaging System of consumer and professional 35mm film and digital SLR cameras, Nikkor optics, Speedlights
and System Accessories; Advanced Photo System cameras; 35mm compact cameras; Coolpix® compact digital cameras; Coolscan® digital film scanners; Nikonos® underwater photographic systems; and Nikon sports and recreational optics. The company plays an active role in supporting aspiring and advanced photographers through a variety of organizations, educational programs, events
and workshops. For product information, contact Nikon at (800) NIKON-UX or visit http://www.nikonusa.com, which links all levels of photographers to the
web's most comprehensive photo learning and sharing communities.

The matters discussed in this news release contain forward looking statements that are subject to certain risks and uncertainties as described under the caption "Factors That May Affect Future Results" in the company's annual report on Form 10-K and quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission. The company assumes no obligation to update the information in this release.

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SanDisk's web site is: www.sandisk.com