FOR IMMEDIATE RELEASE

GATEWAY 2000 survey finds that children who use PCs get better grades
Findings show personal computer use among children is "cool"

NEW YORK, May 22, 1997 - GATEWAY 2000, Inc. announced that its shares began trading on the New York Stock Exchange (NYSE) at today's opening of the market under the symbol "GTW." Gateway Chairman and CEO Ted Waitt and NYSE Chairman and CEO Richard Grasso were on hand to ring the opening bell to begin the trading day. In recognition of Gateway's Holstein cow motif, Grasso donned a cow-spotted tie, and one of Gateway's bovine mascots made an appearance on the exchange floor.

"Gateway and our shareholders will reap multiple benefits from trading on the NYSE. We'll experience improved trading efficiencies, tighter quotation spreads and greater liquidity in this larger, more stable trading environment. This is an important step towards maximizing long-term value for our individual and institutional investors," said Waitt.

"We are thrilled to welcome Gateway 2000 to the New York Stock Exchange," said Grasso. "Gateway is an exciting, dynamic company whose phenomenal rise to the top has been remarkable. Gateway's values-based approach echoes our own beliefs, and we are confident they will thrive in the NYSE environment."

About Gateway 2000
Gateway 2000, Inc., a Fortune 500 company founded in 1985, is a global leader in the direct marketing of PCs. The company, headquartered in North Sioux City, South Dakota, has manufacturing facilities in the United States, Ireland and Malaysia, and employs over 10,000 people worldwide. Gateway 2000 products and services consistently win top awards from leading industry publications. In 1996, the company shipped 1.9 million systems and reported revenues of $5 billion and net income of $250 million.

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