SanDisk Press Release

SanDisk Wins Prestigious CES Innovation Award for the V-Mate Video Memory Card Recorder

NEW YORK—(BUSINESS WIRE)—SanDisk® Corporation (NASDAQ:SNDK) today announced that the Consumer Electronics Association has given SanDisk a prestigious Innovation Award for the V-Mate™ Video Memory Card Recorder. The V-Mate Video Memory Card Recorder was selected as one of the most innovative consumer electronic products in the Portable Electronics: Audio/Video category. It was showcased today at the 2007 International Consumer Electronics Show (CES) Press Review. SanDisk will also hold a press conference and demonstrate the V-Mate at the CES in Las Vegas, NV on January 8-11 at the Innovations 2007 Showcase, booth #68747, at the Sands Expo and Convention Center.

The V-Mate records video from an analog source directly onto a flash memory card for playback on a mobile phone, PDA, MP3 player, portable game console such as the Sony PSP™ (PlayStation® Portable), or notebook computer. The V-Mate allows users to watch their favorite videos/shows on the go, whenever, wherever they like.

SanDisk is promoting the V-Mate with an SD™, miniSD™, microSD™ or Memory Stick PRO Duo™ card as “value bundles” at select brick and mortar and online retailers in North America, Europe and Asia during the holiday season.

SanDisk is the original inventor of flash storage cards and is the world’s largest supplier of flash data storage card products, using its patented, high-density flash memory and controller technology. SanDisk is headquartered in Milpitas, California, and has operations worldwide, with more than half of its sales outside the U.S.

SanDisk’s product and executive images can be downloaded from http://www.sandisk.com/corporate/media.asp

SanDisk’s web site/home page address: http://www.sandisk.com

SanDisk and the SanDisk logo are trademarks of SanDisk Corporation, registered in the United States and other countries. V-Mate is a trademark of SanDisk Corporation. SD, miniSD and microSD are trademarks. Memory Stick PRO Duo is a trademark of Sony Corporation. PSP and PlayStation are registered trademarks or trademarks of Sony Computer Entertainment, Inc. (SCEI). Other brand names mentioned herein are for identification purposes only and may be the trademarks of their respective holder (s).

This press release contains certain forward-looking statements, including expectations for new product introductions, applications, markets, and customers that are based on our current expectations and involve numerous risks and uncertainties that may cause these forward-looking statements to be inaccurate. Risks that may cause these forward-looking statements to be inaccurate include among others: market demand for our products may grow more slowly than our expectations or there may be a slower adoption rate for these products in new markets that we are targeting, and the other risks detailed from time-to-time in our Securities and Exchange Commission filings and reports, including, but not limited to, Form 10-K and our quarterly reports on Form 10-Q. We do not intend to update the information contained in this press release.