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Western Digital(R) Board Declares Dividend For March Quarter

         Western Digital(R) Board Declares Dividend For March Quarter

PR Newswire

IRVINE, Calif., Feb. 14, 2013

IRVINE, Calif., Feb. 14, 2013 /PRNewswire/ --Western Digital^® Corp. (NASDAQ:
WDC) today announced that the Board of Directors declared a cash dividend for
the quarter ending March 29, 2013, of $0.25 per share of common stock (the
"Cash Dividend"). The cash dividend will be paid on April 15, 2013, to the
company's stockholders of record as of March 29, 2013.

On September 13, 2012, the company indicated that beginning in its current
fiscal year 2013, it is targeting a return to shareholders of approximately 50
percent of its free cash flow through a mix of cash dividends and share
repurchases.

The amount of future dividends under the company's dividend policy, and the
declaration and payment thereof, will be based upon all relevant factors,
including the company's financial position, results of operations, cash flows,
capital requirements and restrictions under the company's existing credit
agreement, and shall be in compliance with applicable law. The Board retains
the power to modify, suspend or cancel the company's dividend policy in any
manner and at any time as it may deem necessary or appropriate in the future.

About Western Digital

Western Digital Corp. (NASDAQ: WDC), Irvine, Calif., is a global provider of
products and services that empower people to create, manage, experience and
preserve digital content. Its subsidiaries design and manufacture storage
devices, networking equipment and home entertainment products under the WD^®,
HGST and G-Technology brands. Visit the Investor section of the company's
website (www.westerndigital.com) to access a variety of financial and investor
information.

This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These forward-looking
statements include statements concerning the company's capital allocation
strategy, including its share repurchase and dividend payment plans. These
forward-looking statements are based on management's current expectations and
are subject to risks and uncertainties that could cause actual results to
differ materially from those expressed or implied in the forward-looking
statements, including the impact of continued uncertainty and volatility in
global economic conditions; supply and demand conditions in the hard drive
industry; uncertainties concerning the availability and cost of commodity
materials and specialized product components; actions by competitors;
unexpected advances in competing technologies; uncertainties related to the
development and introduction of products based on new technologies and
expansion into new data storage markets; business conditions and growth in the
various hard drive markets; pricing trends and fluctuations in average selling
prices; and other risks and uncertainties listed in the company's filings with
the Securities and Exchange Commission (the "SEC"), including the company's
recent Form 10-Q filed with the SEC on Feb. 1, 2013, to which your attention
is directed. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date hereof, and the
company undertakes no obligation to update these forward-looking statements to
reflect subsequent events or circumstances.

Western Digital, WD and the WD logo are registered trademarks in the U.S. and
other countries. Other marks may be mentioned herein that belong to other
companies.

(Logo: http://photos.prnewswire.com/prnh/20000711/WDCLOGO)

SOURCE Western Digital Corp.

Website: http://www.westerndigital.com
Contact: Bob Blair, Western Digital Investor Relations, 949.672.7834,
robert.blair@wdc.com, or Steve Shattuck, Western Digital Public Relations,
949.672.7817, steve.shattuck@wdc.com
 
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