FOR IMMEDIATE RELEASE

READ-RITE TO HOST Q2 FY 2002 EARNINGS RELEASE CONFERENCE CALL AND WEBCAST

FREMONT, CA � April 10, 2002 -- Read-Rite Corporation (Nasdaq: RDRT) today announced that they will hold their quarterly earnings release conference call and live webcast at 2:00 PM, pacific daylight time, Tuesday, April 30, 2002.    

The conference call webcast can also be accessed at the Investor Relations, Conferences and Events page found on Read-Rite�s web site at http://www.readrite.com.   Webcast participants will need to complete a brief registration form and should allot extra time before the webcast begins to register and, if necessary, download and install applicable software.

A replay of both the call and webcast will be available through May 14, 2002 beginning approximately one hour after the conclusion of the call.

Read-Rite Corporation is one of the world's leading independent manufacturers of magnetic recording heads, head gimbal assemblies (HGAs) and head stack assemblies (HSAs) for disk drives and tape drives.  The company is headquartered in Fremont, California and has operations in California, Thailand, Philippines, Japan, South Korea and Singapore.  The company's website is located at http://www.readrite.com.  Read-Rite is also the majority shareholder of Scion Photonics, Inc. which designs, develops, manufactures and sells both custom and standard Dense Wavelength Division Multiplexers (DWDM) and other optical communication components and automation equipment.  Scion's website is located at http://www.scionphotonics.com.

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 This news release contains statements which include forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Act of 1934, as amended, and is subject to the �safe harbor� created by those sections.  The Company�s actual results for future periods could differ materially from those projected in such forward-looking information.   Factors that could cause actual results to differ include, but are not limited to:  the Company may be unsuccessful in transitioning its processes to volume production and other factors described in the Company�s reports filed with the Securities and Exchange Commission, including but not limited to its Annual Report on Form 10-K for Fiscal 2001 and the Quarterly Report of Form 10-Q for the first quarter of Fiscal Year 2002 ended December 30, 2001.  Read-Rite undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of such statements.

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