Corel: WordPerfect Office 11 Education Edition to Debut at Retail; $99US Education Edition Offers Students and Educators Intelligent Choice for Office Productivity.

Business Editors/High-Tech Writers

NECC 2003

SEATTLE--(BUSINESS WIRE)--June 30, 2003

Corel Corporation (NASDAQ:CORL)(TSX:COR) today announced that WordPerfect Office 11 Education Edition will be available at retail stores across North America starting July 31. WordPerfect Office 11 Education Edition was formerly available through approved academic resellers only.

Competitively priced at $99US(1) ($149CDN(1)), WordPerfect Office 11 Education Edition offers students and educators the best value available for full-featured office productivity tools.

"Corel is firmly committed to meeting the needs of educators and students everywhere, and for that reason, we're introducing the Education Edition of WordPerfect Office 11 at retail, just in time for people seeking the best tools to take back to school," said Steve Houck, executive vice president of partner relations for Corel. "Millions of loyal followers recognize the competitive edge that WordPerfect offers in the workplace, and with the launch of WordPerfect Office 11 Education Edition at retail, we're aggressively promoting the same advantages to a vast number of users in schools, universities and other institutions."

WordPerfect Office 11 Education Edition includes WordPerfect(R) 11, the latest version of the world-famous word processor, spreadsheet application Quattro(R) Pro 11, multimedia presentations application Presentations(R) 11 and the relational database application, Paradox(R).

Launched in April 2003, WordPerfect Office 11 is gaining in popularity as it enhances the way users create, exchange and interact with content, providing intelligent methods of collaborating with friends and colleagues. WordPerfect Office 11 offers new ways to deliver greater efficiency, flexibility and choice to any user, whether at school or at work. For more information on WordPerfect Office 11 Education Edition, please visit www.wordperfect.com/education.

Eligibility

Accredited schools, faculties, full- or part- time students, academic supervisory organizations, hospitals, libraries, museums and nonprofit charitable and religious organizations are all eligible to purchase WordPerfect Office 11 Education Edition. For more information on eligibility, please visit www.corel.com/education/eligibility.

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.

This press release contains forward-looking statements as defined by the United States Private Securities Litigation Reform Act of 1995, involving the company's expectations about future financial results and other matters. These statements reflect management's current forecast of certain aspects of the company's future business. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results of operations to differ materially from historical results or current expectations. The words "plan", "expect", "believe", "intend", "anticipate", "forecast", "target", "estimate" and similar expressions identify forward-looking statements. Risk factors include shifts in customer demand, product shipment schedules, product mix, competitive products and pricing, technological shifts and other variables. Readers are referred to Corel's most recent reports filed with the Securities and Exchange Commission for a more complete discussion of the other risks and uncertainties. The factors underlying forecasts are dynamic and subject to change. As a result, forecasts speak only as of the date they are given and do not necessarily reflect the company's outlook at any other point in time. The company does not undertake to update or review these forward-looking statements.

(C) 2003 Corel Corporation. All rights reserved. Corel, WordPerfect 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.

(1)Suggested Retail Price, retailers may sell for less