AEROSPACE

Cray Inc. announced that it has filed a registration statement on Form S-3 with the Securities and Exchange Commission to register for resale its 3.0 percent Convertible Senior Subordinated Notes due 2024 and shares of Cray common stock issuable upon conversion of the notes. Cray previously announced on Dec. 17 that it had issued and sold in December, in Rule 144A private transactions, an aggregate principal amount of $80 million of the notes. Upon effectiveness of the registration statement, the selling security holders listed in the prospectus contained in the registration statement may use the prospectus to resell from time to time their notes and any shares of Cray common stock issued upon conversion of the notes. Cray will not receive any proceeds from the resale of the notes or any such shares of Cray common stock. This announcement is neither an offer to sell nor a solicitation of an offer to buy any of the notes or any shares of Cray common stock and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful. While the registration statement relating to the notes and underlying shares of Cray common stock has been filed with the SEC, the registration statement has not yet become effective. Until the notes and the underlying shares of common stock issuable upon conversion of the notes have been registered under the Securities Act and applicable state securities laws, the notes and underlying common stock may not be offered or sold in the United States except pursuant to an applicable exemption from such registration requirements.