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SanDisk Foundation Announces Final Round of Scholarships for 2012 'SanDisk Scholars'

The SanDisk Foundation Continues Its Mission to Help Disadvantaged Students Achieve a College Degree in Science, Technology, Engineering or Math-Related Fields

MILPITAS, Calif., - SanDisk Corporation (NASDAQ: SNDK), a global leader in flash memory storage solutions, today announced the final round of "SanDisk Scholars" for 2012. A total of 50 students from the following universities will receive scholarships of at least $10,000 each over four years to achieve undergraduate degrees in science, technology, engineering or mathematics (STEM):

-Massachusetts Institute of Technology
-Stanford University
-University of California at Berkeley
-University of California at Los Angeles and
-University of Texas at Austin

In addition, the SanDisk Foundation provided grants totaling $200,000 to the School of Engineering at both UC Berkeley and Stanford University. These schools will award an additional 14 scholarships to graduate students who pursue STEM-related studies and also meet the program's selection criteria regarding grade point average, financial need, focus on STEM-related studies and/or research, with a particular emphasis on women, Latino and African-American first-time college students.

"We are pleased with the high caliber of students who have received these awards for 2012 and SanDisk is committed to investing in the leaders of tomorrow's technology industry," said Sanjay Mehrotra, president and CEO of SanDisk. "We wish our scholarship recipients many years of academic and professional success as they pursue a future in STEM-related fields."

The SanDisk Scholars Program is part of the SanDisk Foundation, which has committed up to $1 million in annual scholarships to assist economically disadvantaged and under-represented students, such as women, Latinos and African-Americans, pursue and complete college level studies in STEM-related fields. Scholarships are based on a variety of factors including past academic achievements, amount of community service performed and present financial need.

In 2012, the fund committed $1 million in scholarships and grants, and to date has helped a grand total of 98 students this year. This includes scholarships given in June to 29 students from sixteen states to achieve undergraduate degrees in STEM-related studies at colleges and universities throughout the U.S.

The SanDisk Scholars Program is funded by the SanDisk Foundation, a corporate-advised fund of the Silicon Valley Community Foundation that provides philanthropic support to charitable organizations worldwide. The program helps needy talented and qualified students obtain university degrees in STEM-related fields, which ultimately increases the overall competitiveness of the U.S. technology industry.

SanDisk Foundation

SanDisk supports a variety of programs and charitable organizations through its philanthropic arm, the SanDisk Foundation, a corporate advised fund of Silicon Valley Community Foundation. Since 2003, the SanDisk Foundation has awarded more than $16 million to 818 charitable organizations worldwide.

About SanDisk

SanDisk Corporation (NASDAQ: SNDK) is a global leader in flash memory storage solutions, from research and development, product design and manufacturing to branding and distribution for OEM and retail channels. Since 1988, SanDisk's innovations in flash memory and storage system technologies have provided customers with new and transformational digital experiences. SanDisk's diverse product portfolio includes flash memory cards and embedded solutions used in smart phones, tablets, digital cameras, camcorders, digital media players and other consumer electronic devices, as well as USB flash drives and solid-state drives (SSD) for the computing market. SanDisk's products are used by consumers and enterprise customers around the world.

SanDisk is a Silicon Valley-based S&P 500 and Fortune 500 company, with more than half its sales outside the United States. For more information, visit www.sandisk.com.

© 2012 SanDisk Corporation. All rights reserved. SanDisk is a trademark of SanDisk Corporation, registered in the United States and other countries. Other brand names mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s).

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