Xyratex and Baker Street Reach Agreement on Board of Directors

Xyratex

and its largest shareholder, Baker Street Capital Management, LLC ("Baker Street"), jointly announced today that they have reached an agreement regarding, among other things, the composition of the board of directors of Xyratex (the "Board").  Under the terms of the agreement two directors recommended by Baker Street, Vadim Perelman and Ken Traub, will join the Board. Mr. Perelman has been appointed to the Board effective April 2, 2013 resulting in a seven-member Board.  Mr. Perelman will serve as a Class I director with a term expiring at the 2013 annual general meeting of shareholders, and he will be nominated for shareholder approval at Xyratex's 2013 annual general meeting.  Mr. Traub will be appointed to the Board promptly following Xyratex's 2013 annual general meeting and will serve as a Class III director with a term expiring at the 2014 annual general meeting of shareholders. Mr. Perelman is the managing member of Baker Street and brings to the Board investing and capital markets experience.  Mr. Traub has extensive experience as a senior executive and director