1 NEWS RELEASE For: MiniMed Inc. Contact: Terrance H. Gregg President and Chief Operating Officer Kevin R. Sayer Senior Vice President and Chief Financial Officer 818-362-5958 FOR IMMEDIATE RELEASE Investor Relations Robert P. Jones/Ephraim R. Bernstein (212) 850-5600 Media: Sheryl Seapy 415-296-7383 Morgen-Walke Associates MINIMED INC. ANNOUNCES PATIENT NOTIFICATION Sylmar, California, November 19, 1999 -- MiniMed Inc. (Nasdaq: MNMD) announced today that it is initiating a patient notification procedure relating to a rare and minor software error which could occur in certain of its Model 508 insulin infusion pumps distributed since October 1999. MiniMed reported that this situation may be created by a very specific programming sequence that some users may possibly follow. The company stated that the issue has been addressed, and all products shipped beginning today contain an upgraded version of the software. Alfred E. Mann, MiniMed's Chairman and CEO, stated, "This situation was identified quickly as a result of the strict performance monitoring which we conduct on all of our products. A notification containing programming instructions which will eliminate this potential occurrence has been sent to those pump users who purchased Model 508 pumps from October 4 through November 18. We believe that the MiniMed 508 offers the state of the art in safety, reliability and clinical benefit for patients who treat their diabetes with continuous insulin infusion." Terrance H. Gregg, MiniMed's President and Chief Operating Officer, added, "Our independent medical monitor confirmed for us that this anomaly does not represent an urgent matter. In addition to the patient notification, we will upgrade the software in the affected pumps early next year. Our estimated cost for this activity is expected to range between $1 million and $1.5 million." 2 MiniMed Inc. designs, develops, manufactures and markets advanced infusion systems with a primary emphasis on the intensive management of diabetes. The Company's products include external pumps and related disposables, a continuous glucose monitoring system product and the distribution of an implantable insulin pump, which is currently approved for sale in the European Community and has not yet been cleared for marketing in the U.S. The Company also distributes other diabetes supplies and pharmaceutical products. ___________________ Any statements made by MiniMed in this press release that are forward-looking, including statements relating to the costs associated with upgrading the software in affected pumps, are made pursuant to the Safe Harbor provisions of the Private Securities Reform Act of 1995. Investors are cautioned that forward-looking statements involve risks and uncertainties which may affect MiniMed's business and prospects, including changes in economic and market conditions, the number of MiniMed employees or outside consultants available to upgrade the affected pumps, administration and regulatory approval and related considerations and other factors discussed in the Company's filings with the Securities and Exchange Commission. ###