Lionbridge Signs Letter of Intent With Imation For Multi-Year Outsourcing Agreement

VeriTest Division To Lead the Industry's Most Advanced Enterprise Storage Networking Lab for Independent Storage Area Network Testing and Solution Development

ORLANDO, Fla. — Oct. 27, 2003 — At the Storage Networking World Conference which begins today, VeriTest, the testing division of Lionbridge Technologies (Nasdaq: LIOX), today announced that it has signed a letter of intent with Imation Corp., a worldwide leader in removable data storage media, to manage and operate Imation's 6,000+ square foot storage networking lab that provides high-end storage network testing services. These storage network testing services enable organizations and equipment manufacturers to develop, test, and evaluate data storage solutions for enterprise deployment.

With more than 150 network storage equipment components from more than 40 vendors, the lab provides independent interoperability testing, performance validation, proof-of-concept, compatibility testing and disaster recovery planning for storage networking solutions. As part of the agreement, Imation and VeriTest would jointly market and sell the storage networking services to their global customer bases.

"Combining VeriTest's testing management expertise with Imation's storage networking lab is an opportunity to broaden and strengthen our VeriTest offering and provide another valuable node in the Lionbridge value chain of global outsourcing services that enable clients to manage their growing volume and complexity of code and content," said Rory Cowan, Chairman, President and CEO, Lionbridge Technologies. "This storage networking lab provides a real- world testing infrastructure and environment that, when combined with VeriTest's proven interoperability, performance and reliability expertise, would provide a complete solution that organizations can rely on to manage their most critical storage area networking challenges."

The addition of the storage area networking lab would allow VeriTest to offer clients independent, vendor-neutral guidance through interoperability, performance, and proof-of-concept testing for their storage networking. The lab offers organizations an opportunity to mitigate risks before implementing a storage network architecture in their own production environment. Customers are able to conduct testing in the lab, or, using remote access capabilities, conduct tests from their own locations.

"VeriTest was a natural choice as we looked for a leader in testing and certification to manage and operate this unique and independent test lab to meet its full potential," said Frank Russomanno, president, Imation's Data Storage and Information Management business. "The Storage Networking Lab will play a key role in meeting customers' increasing demand for proven testing solutions that reduce costs, mitigate risk and increase reliability within complex IT infrastructures."

Located at Imation's headquarters in Oakdale, Minn, the storage networking lab's capabilities include:

• Storage replication testing and performance validation via software and solutions from storage vendors such as EMC, Hewlett-Packard, Hitachi Data Systems, VERITAS, XIOtech, NSI Software, and others
• High availability detailed configuration and testing via software and solutions from storage vendors such as Hewlett-Packard, Microsoft, Novell, IBM, VERITAS, and others
• SAN appliance and data sharing validation from vendors such as HP, Tivoli, VERITAS, and Dell
• Detailed Fibre Channel fabric design and connectivity testing from vendors such as Brocade, McData, EMC, Ancor/QLogic, StorageTek, Broadcom, Vixel, Dell, Compaq, and INRANGE/CNT
• Server-less and LAN-free backup/restore application and configuration testing from vendors such as VERITAS, Legato, CA, Hewlett-Packard, and others
• Full disaster recover and tape automation testing from vendors such as ADIC, StorageTek, IBM, Crossroads, CNT, Chaparral, and others
• Storage performance and error analysis with tools from vendors such as Ancot, Fortel, Finisar, I-TECH, Mercury, plus customized tools
• Heterogeneous Server-Operating System connectivity from vendors such as IBM, Hewlett-Packard, Sun, Microsoft, RedHat, and Novell
• Heterogeneous storage connectivity from vendors such as EMC, Hitatchi Data Systems, Hewlett-Packard, XIOtech, Compaq, StorageTek, Dell, IBM, LSI Logic, and others
• Custom storage solution and configuration validation using the customer's applications, databases, and data

About VeriTest
VeriTest is a leading provider of comprehensive outsourced testing and certification for businesses who produce high-tech products as well as those who rely on technology for their line of business applications. For more than 15 years, VeriTest has been helping companies optimize their business processes and take the uncertainty out of product quality. VeriTest clients not only have a single source for all their testing solutions, but can also find the right combination of on-site, on-shore, near-shore, and off-shore staff to reduce costs and increase return on investment. VeriTest is the testing division of Lionbridge Technologies, Inc., a provider of solutions for worldwide deployment of technology and content. www.veritest.com

About Imation
Imation Corp. is a leading developer, manufacturer and supplier of magnetic and optical removable data storage media. With one of the broadest product lines in the industry-spanning from a few megabytes to hundreds of gigabytes of capacity in each piece of media, Imation serves customers in more than 60 countries, in both business and consumer markets. With more than 300 technology scientists and more than 300 data storage patents in the U.S. alone, Imation continues to pioneer today's proven magnetic and optical media technologies.

As of September 2003, Imation employed approximately 2,800 people worldwide. Revenues from outside the U.S. contribute approximately 53 percent of total sales. Additional information about Imation is available on the company's website at www.imation.com, or by calling 1-888-466-3456.

Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties, including information about VeriTest's potential arrangements with Imation Corp. pursuant to a non-binding letter of intent. Lionbridge's actual experiences and actions, including whether and when it enters into a definitive agreement with Imation Corp. may differ materially from those discussed in the forward-looking statements. Factors that might cause such a difference include continued due diligence, ability of certain contracts and leases to be assigned by Imation to VeriTest, ability to attract and retain key employees related to the storage networking testing business; projected costs and expenses associated with and consequential to the acquisition and integration of storage networking business and benefits realized from the arrangements, and risks associated with competition and competitive pricing pressures. For a more detailed description of the risk factors associated with Lionbridge, please refer to Lionbridge's Registration Statements on Form S-3 filed with the Securities and Exchange Commission on July 1, 2003 and August 7, 2003 (File No. 333-106693 and File No. 107753), its Annual Report on Form 10-K, filed March 31, 2003 (SEC File No. 000-26933) and its quarterly report on Form 10-Q filed on August 14, 2003.