Sandisk Press Release 29/09/04

SANDISK LEAPFROGS COMPETITION - QUADRUPLES TOP CAPACITY OF ITS HIGH-SPEED ULTRA II FLASH MEMORY CARDS

New Cards Include World’s First 8-Gigabyte (GB) Type I High Speed CompactFlash Card

COLOGNE, GERMANY, Sep. 29, 2004 - SanDisk Corporation (NASDAQ: SNDK) announced today that is has quadrupled the capacity of its high-speed SanDisk Ultra II line of flash memory cards that includes the development of a new 8GB CompactFlash Type I card. The top end SanDisk Ultra II Memory Stick PRO and SD cards now boast 4GB and 2GB of capacity respectively. The announcement was made at the Photokina trade show where SanDisk is demonstrating products in Hall 1.2, aisle A, Booth 059.

Each SanDisk Ultra II card features a minimum write speed of 9 megabytes per second (MB/sec.) and a minimum read speed of 10MB/sec.* (Results based on testing with the popular HDBENCH benchmark software; actual results in digital cameras will vary by camera model.) The Ultra II cards are primarily targeted at serious photographers with 4-megapixel or higher resolution digital cameras that require fast, high capacity digital film cards to quickly shoot many high resolution images.

Martin Achatzi, owner and general manager at Foto Achatzi in Bad Laasphe, a leading photography retailer, said, ?SanDisk is a well known brand and the SanDisk Ultra II cards have been very popular with digital photographers who use cameras such as the Canon EOS Rebel or the Nikon D70. Our customers expect high quality products with matching performance and we believe the new high capacity Ultra II cards will exceed the expectations of our customers.?

Tanya Chuang, SanDisk retail product marketing manager, said, ?The award-winning SanDisk Ultra II line represents an ideal combination of high capacities, durability and proven performance at exceptional price points. These cards are designed for improved performance in a wide range of cameras rather than a select few. Once again, the SanDisk Ultra II line raises the performance and capacity bar that all other competitors will struggle to meet.?

The SanDisk Ultra II cards are designed to be a reasonably priced, high performance solution for the photography channel while the new SanDisk Extreme III line, with its even higher performance, is for the professional photographer who needs the absolute highest performance and maximum reliability.

Pricing and Availability

The SanDisk Ultra II product line is available in CompactFlash, Memory Stick PRO and SD formats. Suggested retail prices and availability are as follows:

Capacities US$ ? (ex. VAT) Availability
Ultra II CF 256MB - 2GB $49.99 - $249.99 ?44.00 - ?245.00 Now
4GB $479.99 ?465.00 October
8GB $959.99 ?930.00 November

Ultra II MS PRO 256MB ? 1GB $74.99 - $249.99 ?73.00 ? ?259.00 Now
2GB ? 4GB $479.99 - $959.99 ?495.00 - ?990.00 November
Ultra II SD 256MB ? 512MB $64.99 - $89.99 ?45.00 - ?72.00 Now
1GB ? 2GB $119.99 - $239.99 ?119.00 - ?239.00 November

SanDisk Ultra II cards are available at most of the 80,000 consumer electronics stores and other retail outlets where SanDisk products are sold worldwide.

SanDisk, the world?s largest supplier of flash memory data storage card 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.

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-A and quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission. The companies assume no obligation to update the information in this release.

* Results based on testing with HDBENCH benchmark software. Actual results in digital cameras will vary by model.