SEATTLE--(BUSINESS WIRE)--May 12, 2003--Global supercomputer leader Cray Inc. (Nasdaq:CRAY) today reported that it has received orders valued at approximately $16.0 million for Cray X1(TM) equipment and related technology and services from undisclosed customers. Shipments are scheduled to begin in mid-2003 and continue through mid-2004. No other contract details were disclosed.

About Cray Inc.

Cray's mission is to be the premier provider of supercomputing solutions for customers' most challenging technical problems. Go to www.cray.com for more information about the company.

Safe Harbor Statement

This press release contains forward-looking statements. There are certain factors that could cause Cray's execution plans to differ materially from those anticipated by the statements above. Among these factors are the technical challenges of producing the Cray X1 system on a sustainable basis, successful porting of application programs to the Cray X1 system, the ability of Cray supercomputer systems to pass individual customer acceptance tests, timely availability of commercially acceptable components from third-party suppliers, risks inherent in government procurements and general economic and market conditions. For a discussion of these and other risks, see "Risk Factors" in Cray's most recent Form 10-K filed with the SEC on March 28, 2003.

Cray is a registered trademark, and Cray X1 is a trademark, of Cray Inc. All other trademarks are the property of their respective owners.

    CONTACT: Cray Inc.
             Scott J. Poteracki, 866/729-2729
                or
             Snyder Investor Relations
             John Snyder, 206/262-0291
             john@snyderir.com

    SOURCE: Cray Inc.