FOR:     Dataram Corporation
     
                        APPROVED BY:     Mark E. Maddocks
                                         Chief Financial Officer
                                         Dataram Corporation
                                         (609) 799-0071
               
                            CONTACT:     Investor Relations:
                                         John Blackwell/Sandra O'Keefe
                                         Press: Michael McMullan
                                         Morgen-Walke Associates, Inc.
                                         (212) 850-5600

              DATARAM REPORTS STRONG EARNINGS INCREASE 
                  FOR FISCAL 1999 THIRD QUARTER

     PRINCETON, NJ, February 9, 1999:  Dataram Corporation (AMEX: 
DTM) today announced favorable financial results for its third 
quarter and first nine months of fiscal 1999, ended January 31, 1999.

     For the fiscal 1999 third quarter, net earnings increased 38% to 
$1,422,000, or  $0.22 per diluted share, versus $1,032,000, or $0.17 
per diluted share.  Revenues totaled $18.9 million versus $19.8 
million in the prior year's third quarter.

     For the 1999 nine-month period, net earnings rose 56% to 
$4,130,000, or $0.66 per diluted share, versus $2,646,000, or $0.42 
per diluted share.  Revenues were $52.9 million compared to $58.1 
million in the comparable period of fiscal 1998.  Net earnings for 
the fiscal 1999 third quarter and nine months results included a 
$116,000, or approximately $0.02 per diluted share, benefit from a 
reduction in the Company's effective state tax rate.  This was 
primarily the result of a change in New Jersey tax law. Going 
forward, the Company's net effective tax rate will be reduced by 
approximately 1%..      

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DATARAM REPORTS STRONG EARNINGS INCREASE                        Page 2 
FOR FISCAL 1999 THIRD QUARTER

     The Company noted that higher volumes shipped in the fiscal 1999 
third quarter were offset by a lower purchase price, for DRAMs, the 
primary raw material used in its products. The average purchase price 
of DRAMS in the third quarter of fiscal 1999 was approximately 57% 
lower than in the comparable prior year period while gigabytes 
shipped increased by approximately 72%. On a sequential quarterly 
basis, DRAM prices in the 1999 third quarter were approximately 12% 
higher than in the second quarter.   

     Additionally, the Company continued to participate in its 
previously announced share repurchase program.  As of January 31, 
1999, the Company purchased 192,200 shares of the 500,000 share 
repurchase authorization.  The purchases were financed using funds 
generated by operating cash flow.

     Robert V. Tarantino, Dataram's president and chief executive 
officer, commented, "This quarter is indicative of the sustained 
worldwide demand for workstation and network server memory.  By 
remaining focused on high capacity memory products,  Dataram has 
maintained its profit margins, expanded its business and, once again, 
demonstrated improved earnings.  Although DRAM pricing was lower 
compared to a year ago, it has risen from its second quarter lows and 
we have increased our selling prices accordingly.  Looking ahead, we 
expect DRAM prices to remain stable throughout the fourth quarter."      

     Mr. Tarantino continued, "In addition, we achieved several 
milestones.  Specifically, we broadened our distribution channel by 
signing agreements with two major channel partners, expanded our 
international sales team and introduced and received Intel 
qualification for several products for the Intel network server 
marketplace.  We are in the process of building a sales organization 
that will exclusively market these Intel products to channel 
assemblers and

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DATARAM REPORTS STRONG EARNINGS INCREASE                        Page 3 
FOR FISCAL 1999 THIRD QUARTER

original equipment manufacturers.  Jay Litus, Vice President of 
Business Development, will spearhead this effort."
In conclusion, Mr. Tarantino said, "As we enter our fiscal 1999 
fourth quarter, we remain confident in our ability to sustain 
favorable financial performance and we expect to realize the benefit 
of our growth initiatives in the upcoming fiscal year."     

     Dataram Corporation is a leading provider of gigabyte memory 
upgrades for workstations and network servers.  The Company 
specializes in the manufacture of large-capacity memory boards for 
Compaq, Digital, Hewlett-Packard, IBM, Intel, Silicon Graphics and 
Sun Microsystems computers.

     The information provided in this press release may include forward-looking 
statements relating to future events, such as the development of new products,
the commencement of production, or the future financial performance of the
Company.  Actual results may differ from such projections and are subject to
certain risks including, without limitation, risks arising from: changes in
the price of memory chips, changes in the demand for memory systems for
workstations and servers, increased competition in the memory systems
industry, delays in developing and commercializing new products and other
factors described in the Company's most recent Annual Report on Form 10-K
filed with the Securities and Exchange Commission which can be reviewed at
http://www.sec.gov.