APPLICATIONS

Cray Inc. announced that it has begun a search to replace its current independent registered public accounting firm, Deloitte & Touche, which has decided not to stand for re-election as Cray's auditor for the 2005 fiscal year. Cray disclosed in a filing with the Securities and Exchange Commission that this decision was not caused by any disagreement between Cray and Deloitte & Touche on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, and that the reports of Deloitte & Touche on Cray's financial statements for the last two fiscal years contained no adverse opinion or disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles. Deloitte & Touche continues to be engaged to provide its attestation report on management's assessment of Cray's internal control over financial reporting for filing in an amendment to Cray's Annual Report on Form 10-K for the year ended December 31, 2004, and to review Cray's interim financial information to be included in Cray's Quarterly Report on Form 10-Q for the first quarter ended March 31, 2005.