Media: Frank Parisi 612/683-7130 Financial: Bill Gacki 612/683-7372 CRAY RESEARCH COMPLETES $10.4 MILLION ACQUISITION OF MINNESOTA SUPERCOMPUTER CENTER, INC. EAGAN, Minn., October 19, 1994 -- Cray Research, Inc. (NYSE:CYR) today completed the acquisition of the Minnesota Supercomputer Center, Inc. (MSCI). The company paid about $10.4 million cash to MSCI's owners, the University of Minnesota and its Foundation, to acquire MSCI and its assets. Most of the current employees at MSCI are expected to stay with Cray, the company said and also confirmed plans to continue the center's operation at its current 1200 Washington Avenue South location, in Minneapolis, under the current lease with the University. Following the closing, John Carlson, Cray chairman and chief executive said, "This acquisition benefits the University, Foundation and Cray, alike. The University and Foundation are able to realize substantial value from MSCI while simultaneously retaining and expanding access to state-of- the-art supercomputing systems for students and faculty members." Cray Research provides the leading supercomputing tools and services to help solve customers' most challenging problems. ###