Former Subaru head brings leadership skills and industry experience to emerging company

MANCHESTER, NH, April 22, 2002 - The Board of Directors of Segway LLC (www.segway.com) today announced that George T. Muller, former president of Subaru of America Inc., has been named president of the company effective May 1, 2002. Segway, which announced its product in December 2001, is the company that developed and manufactures the Segway HT, a self-balancing, electric-powered transportation device.

During his 1993 - 2000 tenure as president of Subaru of America, Muller led a significant revamping of the organization and brand, focusing on its core strength—all-wheel drive vehicles. Under his leadership, the company had a dramatic revenue and profitability turnaround with sales more than tripling to the $4 billion level. Automotive News named Muller the "outstanding Asian Nameplate All Star" in 1998. Mr. Muller joined Subaru in 1979 and advanced through various financial and administrative positions, including CFO. Most recently, he has been an advisor with CMS Private Equity.

"George brings a wealth of experience to Segway," said Segway's Chairman and Founder, Dean Kamen. "His proven leadership skills and financial and marketing prowess will be a critical asset as Segway starts the creation of a new product category. We look forward to having George's hands-on leadership, creativity and transportation market insights at the company."

Known as a growth-oriented leader, Muller's initial responsibilities will include building the Segway organization, expanding commercial applications, continuing product innovations, and establishing the distribution channels for the innovative dynamic balancing technology.

"George Muller is a star—a pioneer in the transportation industry. He's a visionary with the brand-building experience to grow Segway into a world class, worldwide enterprise," said John Doerr, Segway board member and partner at Kleiner Perkins Caufield & Byers, one of the lead investors in the company.

"George brings important complimentary management, marketing and financial achievements to Segway. His tenure at Subaru is distinguished by true revitalization and success coupled with strong relationships with customers and suppliers," said Michael Schmertzler, Segway board member and Co-head and Chairman of the Investment Committee, Credit Suisse Equity Partners, L.P., one of the lead investors in the company.

"I am eager to take on the challenges this new role offers," said the newly appointed Muller. "Segway has a tremendous opportunity to expand our transportation choices, and I look forward to joining the team and contributing my talents to build a dynamic company, a strong brand, and a successful future."

About Segway

Segway LLC is a Manchester, NH, based business founded by renowned inventor and entrepreneur Dean Kamen to provide a solution to short-distance travel. The company has created the Segway™ Human Transporter (HT), the first self-balancing, electric-powered transporter designed to enhance the productivity of people by increasing the distance they can travel and the amount they can carry. Segway is funded by: Credit Suisse First Boston Private Equity, one of the largest managers of alternative assets in the world, through Credit Suisse First Boston Equity Partners, L.P. and associated funds; Kleiner Perkins Caulfield & Byers, the leading venture capital firm helping entrepreneurs build sustainable technology businesses; and individual investors. For additional information about Segway, please visit our web site at: www.segway.com. Press releases and digital images are available at Segway's press center at: www.segway.com/news.

Segway is a trademark of Segway LLC in the United States and in other countries.