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Lenovo Launches Center of Excellence; Names David Schmoock to Lead Initiative

   

HONG KONG, August 21, 2006 – Lenovo Group today unveiled its Center of Excellence (COE), a new organization responsible for supply/demand forecasting, pricing, sales and product mix strategies, inventory management, and performance measurement.

"Our goals to lead the PC industry in customer satisfaction and operational excellence require Lenovo to be even more ‘in tune’ with our customers and markets," said Lenovo CEO William J. Amelio. "We must sense rapidly evolving market conditions and customer needs more quickly and align them with our innovation engine, manufacturing capacity and supply chain efforts more effectively. The new COE will enable us to do just that."

David Schmoock, 37, has been appointed to lead the new organization as senior vice president, COE, effective immediately. He will report directly to Lenovo CEO William J. Amelio and will be based in Singapore.

Mr. Amelio continued, "David is an exceptional PC professional and world-class operations guru who brings to Lenovo a wealth of experience in pricing, supply/demand, operations, line-of-business P&L management, global sales, technical sales and alliances. With David at the helm, the COE will enhance the ways in which we design, build and sell our products, ultimately driving Lenovo to greater operational excellence and customer satisfaction."

Mr. Schmoock was most recently vice president, Marketing for Dell’s Asia-Pacific/Japan region, and also held roles in product marketing, brand management and notebook operations in Dell's Americas unit. Prior to joining Dell in 1997, Mr. Schmoock spent eight years in positions of increasing responsibility at Xerox Corp.

About Lenovo Group Ltd. Lenovo (HKSE: 992) (ADR: LNVGY) is dedicated to building the world’s most innovative personal computers. Lenovo's business model is built on innovation, operational efficiency and customer satisfaction as well as a focus on investment in emerging markets. Formed by Lenovo Group's acquisition of the former IBM Personal Computing Division, the company develops, manufactures and markets reliable high-quality, secure, and easy-to-use technology products and services worldwide. For more information, see www.lenovo.com .

Contacts: Hong Kong Angela Lee(852) 2516-4810 angelalee@lenovo.com

New York Carol Makovich (914) 701-2811 makovich@us.lenovo.com