CORRECTION: Roman Corporation Announces Substantial Increase in Earnings.

Business Editors

CORRECTION...by Roman Corporation Limited

NOTE TO EDITORS: Roman Corporation Limited corrects...There is a

correction to the per share amount in the second

sentence of the release transmitted earlier for

Roman Corporation.

The corrected version follows:

TORONTO--(BUSINESS WIRE)--March 17, 2000

Roman Corporation Limited (TSE:RMN.) announced net earnings of $3.6 million or $.36 per common share on revenue of $56.7 million for the year ended December 31, 1999. This compares to net earnings of $2.4 million or $.23 per common share on revenue of $51.5 million for the previous year.

For the years ended                   1999             1998
December 31

Revenue
Sales                               $55,109,380    $51,305,477
Gain on investments                   1,563,896              -
Sundry Income                           105,122        186,964
                                        -------        -------
                                    $56,666,929    $51,492,441

Earnings before tax, interest,
 depreciation and amortization       $8,071,135     $7,233,655

Earnings before tax                  $4,672,025     $3,596,068

Net Earnings                         $3,561,025     $2,371,068
Earnings per share                         $.36           $.23

Strong operating results at Strathcona Paper, the Company's operating division, contributed to these earnings. Shipments increased almost 7% over 1998 levels, and in addition, Strathcona posted gains in the production of prime board and the reduction of quality claims and secondary production. These contributions were offset, however, by rising waste paper fiber prices, the principal raw material used in the manufacture of the 100% recycled clay coated boxboard manufactured and sold by Strathcona.

The Company also recorded gains on the sale of investments that contributed to the earnings for the year. In the first quarter of 1999, Roman Corporation sold its investment in Spill Tech Industries Inc to record a gain after tax of approximately $1 million. In addition, the Company's distribution and dividend to its shareholders of its holdings in Denison Mines Limited in December of 1999 also gave rise to a net gain of $487,000.

Helen Roman-Barber, Chairman and Chief Executive Officer said, "Although we are extremely pleased with the financial results for the year, these have not translated into appropriate levels of share price. Accordingly, our management and the board of directors will continue to evaluate short and long term measures to enhance shareholder value. There are continuing developments at Roman Corporation that bode well for impact on future share price. First, the capital expenditure program at Strathcona currently underway will provide Strathcona with additional profitability and capacity while adding to its competitive standing. Second, Roman Corporation's investment in SmartSales Inc (CDNX:SA.) is tracking the rising share price and promise of a software company that develops and distributes leading-edge sales cycle, sales tracking and sales management software that is practical, easy-to-use and economical to buy and implement. SmartSales recent launch of its Outsmart suite of products is expected to capitalize on the growing Microsoft desktop environment in North America."