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MAXTOR(R)       NEWS
                RELEASE
 
                                                                ANALYST CONTACT:
                                                                 ROSANNE RAMIREZ
                                                                  (408) 432-4483
 
                                                                 EDITOR CONTACT:
                                                                     DOYLE ALBEE
                                                                  (303) 678-2405
 
FOR IMMEDIATE RELEASE
 
MAXTOR ANNOUNCES BRIDGE FINANCING FACILITY
WITH HYUNDAI ELECTRONICS AMERICA
 
SAN JOSE, Calif. -- Jan. 3, 1996 -- Maxtor Corp. (NASDAQ: MXTR) announced that
it has established a $100 million bridge financing facility with Hyundai
Electronics America. This facility will provide additional working capital
financing for up to 90 days and is secured by the company's accounts receivable.
Maxtor intends to replace this bridge financing with long-term financing in the
same amount later this year. This bridge facility from Hyundai Electronics
America, in conjunction with Maxtor's $100 million unsecured revolving credit
facility arranged by Citicorp Securities Inc. in 1995, provides the company with
up to $200 million of credit under these facilities.
 
Maxtor Corp. develops, manufactures and markets hard disk drives for desktop and
mobile computer systems. The company employs approximately 7,700 people
worldwide and has headquarters in San Jose, Calif. Maxtor had sales of $906.8
million in the fiscal year ended March 1995.
 
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http://www.maxtor.com.
 
Maxtor Corporation - 211 River Oaks Parkway - San Jose, CA 95134 - Telephone 408
                   432 1700 - Telex 171074 - Fax 408 432 4510