Corel, The Art Institutes Partner in Major Deployment of Creative Tools - US's Most Prolific Educator of Creative Professionals Adopts Corel Tools Into Curriculum.

Business Editors & High-Tech Writers

OTTAWA--(BUSINESS WIRE)--Jan. 8, 2003

Corel Corporation (NASDAQ:CORL)(TSX:COR) today announced that its creative tools are to be integrated into the curriculum of one of the US's largest educators of creative professionals.

As part of a partnership estimated to be worth more than US$350,000, The Art Institutes will adopt Corel creative tools into the organization's curriculum and install Corel products in computer labs at its schools across North America. This partnership gives Art Institutes students access to Corel tools including CorelDRAW 11, Painter 7, and KnockOut 2 and involves more than 7,000 licenses.

"The Art Institutes system of schools is completely focused on empowering our students to become top-flight creative professionals. By giving them these tools from Corel, we're also giving them a creative edge," said David J. Pauldine, President of The Art Institutes. "We want our graduates to be the best equipped and most talented in the industry. By partnering with Corel we're advancing that goal."

"For Corel, this partnership is absolutely huge," said Steve Houck, executive vice president of partner relations for Corel. "Every year, The Art Institutes graduate more creative professionals than any other organization in North America. From now on, each graduate will enter the creative industry equipped with a full array of skills honed on our tools. This partnership will have a real impact in the years to come. We couldn't be happier."

Growing out of preexisting co-marketing initiatives between Corel and The Art Institutes, this partnership will deliver Corel tools on both Windows and Macintosh systems at 27 Art Institutes across North America.

Previous collaborations between Corel and The Art Institutes include such innovative projects as the procreate(TM) Digital Art Class, seen this year at trade shows around the US, and The Digitalism Tour by procreate - a seven-month tour of North America by the world's first mobile art gallery and exhibition studio (www.digitalismtour.com).

The Art Institutes (www.artinstitutes.edu) system of 27 education institutions is located throughout North America, providing an important source of design, media arts, fashion and culinary professionals. The parent company of The Art Institutes, Education Management Corporation (NASDAQ: EDMC, (www.edumgt.com) is among the largest providers of private post-secondary education in North America, with 43 primary campus locations in 26 major cities, and with approximately 44,000 students as of fall 2002. EDMC's education institutions offer doctoral, master's, bachelor's, associate's and non-degree programs concentrated in the creative and visual arts, the behavioral sciences and education fields. EDMC has provided career-oriented academic programs for 40 years, and its education institutions have more than 150,000 alumni.

For further information about The Art Institutes across North America, please visit www.aii.edu/nr.

This deployment of Corel products is part of the Corel Educational Art Development Program, Corel's commitment to pushing the boundaries of creativity in education. For more information on the Corel Educational Art Development Program or Corel creative tools, please visit www.corel.com/academic.

About Corel Corporation

Founded in 1985, Corel Corporation (www.corel.com) is a leading technology company specializing in content creation tools, business process management and XML-enabled enterprise solutions. The company's goal is to give consumers and enterprise customers the ability to create, exchange and instantly interact with visual content that is always relevant, accurate and available. With its headquarters in Ottawa, Canada, Corel's common stock trades on the Nasdaq Stock Market under the symbol CORL and on the Toronto Stock Exchange under the symbol COR.

(C) 2002 Corel Corporation. All rights reserved. Corel, CorelDRAW, Bryce 5, Painter 7, KnockOut 2, KPT effects and the Corel logo are trademarks or registered trademarks of Corel Corporation and/or its subsidiaries. All other product, font and company names and logos are trademarks or registered trademarks of their respective companies.