Clinton Group Provides Notice Of Its Intention To Nominate Three Candidates For The Board Of Imation

Clinton Group, Inc. ("Clinton Group" or "CGI"), a stockholder of Imation Corp. ("Imation" or the "Company"), announced today that, on November 18, 2014, it had previously recently provided notice of its intention to nominate: o Joseph A. De Perio, Senior Portfolio Manager, Public Equity and Private at Clinton Group, Inc. o Robert B. Fernander, veteran executive in technology space with domain expertise in, among other things, data storage o Barry L. Kasoff, President of Realization Services, Inc., a full service management consulting firm specializing in assisting companies and capital stakeholders in troubled business environments "We anticipate articulating our case for change and our proposed path forward to all shareholders in the coming months," said Joseph A. De Perio, Senior Portfolio Manager at Clinton Group. "We would like to give our fellow shareholders an option in the next annual meeting to empanel a board of directors that we believe is more equipped and more aligned to tackle the issues at hand at Imation. I encourage my fellow shareholders to reach out to me and share their views." A copy of a letter sent to the Board of Directors today is also included in this release. Clinton Group filed its nomination notice on November 18, 2014 and revised its nomination notice on December 15, 2015. The Clinton Group independent nominees for the Company's Board are: Joseph A. De Perio has served as a Senior Portfolio Manager of CGI, a registered investment adviser, since October 2010; he also served in a similar capacity from 2006 until December 2007. Mr. De Perio oversees trading, research and portfolio management for CGI's public equity and private equity portfolios. Mr. De Perio currently serves as the President of ROI Acquisition Corp. II, a company formed for the purpose of acquiring one or more businesses or assets, and has done so since its inception in September 2011. From December 2007 until October 2010, Mr. De Perio was a Vice President at Millennium Management, L.L.C., a global investment management firm. Mr. De Perio was a Private Equity Associate at Trimaran Capital Partners, a private investment firm, from 2004 until 2006 and an analyst and associate in the mergers and acquisitions department at CIBC Oppenheimer, a national investment boutique, from 2000 until 2004. Robert B. Fernander served as the Chief Executive Officer of Datagres Technologies Inc., a data storage optimization software company, from September 2013 until September 2014. During his time at Datagres Technologies Inc., Mr. Fernander also served on its board of directors. Mr. Fernander served as the Chief Executive Officer and a member of the board of directors of Gnodal Limited, a storage and computer networking company, from 2012 until 2013 when it was acquired by Cray Inc. From 2007 until 2012, Mr. Fernander served on the board of directors and as the Chief Executive Officer of Pivot3 Inc., a hyper converged storage and compute platform. Prior to serving at Pivot3, Mr. Fernander served as an executive at several private startup companies, a vice president at Compaq (over 4 years) and held several sales and marketing leadership positions at Sun Microsystems (over 9 years). Barry L. Kasoff currently serves as the President of Realization Services, Inc., a full service management consulting firm specializing in assisting companies and capital stakeholders in troubled business environments, and has served in such capacity since he founded it in 1997. In connection with Mr. Kasoff's management consulting work with Realization Services, Inc., Mr. Kasoff served as the Chief Restructuring Officer of numerous companies, that were clients of Realization Services, Inc. and that were undergoing operational and/or liquidity issues. From 1990 until 1997, Mr. Kasoff was the general manager of Takarajimasha, a Japanese communications conglomerate. There, he identified and evaluated its investments and supervised the company's U.S. and European-based operations. From 1987 until 1990, Mr. Kasoff was the Chief Financial Officer of various portfolio companies and Vice President of Operations of Selzer Group, a New York investment banking and leveraged buyout group comprised of public and private companies. This communication is not a proxy solicitation, which may be done only pursuant to a definitive written proxy statement.