Corel Corporation Introduces Corel XMetaL 4 at XML 2002.

Business Editors

XML 2002

BALTIMORE--(BUSINESS WIRE)--Dec. 10, 2002

New Platform Simplifies the Deployment of Customized XML Applications

and Brings the Power of XML Creation to the Browser

Corel Corporation (NASDAQ:CORL, TSX:COR) today announced Corel(R) XMetaL(R) 4, a new platform designed to simplify the implementation of customized XML applications while extending XML authoring power to any ActiveX-compliant application, including popular Web browsers. Corel XMetaL 4 provides the only richly-customizable XML editing solutions that support dynamic validation for both DTDs and W3C Schemas.

With an intense focus on the needs of both developers and end users, Corel XMetaL 4 is comprised of four separate components: Corel XMetaL Author, Corel XMetaL for ActiveX, Corel XMetaL Developer and Corel XMetaL Central.

"The introduction of the Corel XMetaL 4 platform is a significant step in the evolution of XML content creation. Building upon the strength of XMetaL 3, we have organized the architecture of the XMetaL solution set to deliver powerful individual components, addressing the specific needs of developers and end users alike," said Dr. Bruce Sharpe, executive vice president of XML content solutions at Corel. "New support for ActiveX takes XML content creation beyond the traditional word-processor environment by streamlining the process of creating custom solutions and enabling XML editing to take place virtually anywhere."

"Corel has long been a leader in the development of solutions for structured and unstructured content," says Ronald Schmelzer, senior analyst at ZapThink, LLC. "What XMetaL 4.0 brings to the table is a very flexible, complete, and robust product for developing XML-based solutions that can be used by line-of-business users as well as experienced editors and developers. Corel clearly sees the vision that XML will become pervasive in the enterprise in the near future."

The Corel XMetaL 4 Platform is Comprised of Four Components:

- Corel(R) XMetaL(R) Author is a customizable XML authoring environment that features the authoring aids and advanced construct support necessary to create valid, well-formed XML documents. XMetaL Author includes the comprehensive writing tools featured in Corel Ventura(R) and WordPerfect(R) Office as well as support for DTDs and Schema, all in an environment that provides the same ease of use as a traditional word processor.

- Corel(R) XMetaL(R) for ActiveX(R) is an authoring interface that developers can embed into any ActiveX-compliant Windows(R) application, including Web browsers. Corel XMetaL for ActiveX features comprehensive editing and document viewing functionality, delivering robust XML creation capabilities to business users virtually anywhere.

- Corel(R) XMetaL(R) Developer is a centralized development environment for creating Corel XMetaL customizations and applications. Designed as a plug-in for Microsoft(R) Visual Studio(R) .NET, it enables developers to use existing Web programming skills in Script, COM and DOM to create customizations for both XMetaL Author and XMetaL for ActiveX. Corel XMetaL 4 Developer also lets developers create and edit Cascading Style Sheets(TM) (CSS) and includes the Corel XMetaL Forms Toolkit for creating custom forms interfaces.

- Corel(R) XMetaL(R) Central completes the platform by providing a server-based XML environment management tool that simplifies the deployment and maintenance of customized XML applications across an organization. Corel XMetaL Central enables IT managers to leverage the power of Web services to remotely manage and maintain enterprise customizations and takes advantage of Simple Object Access Protocol (SOAP) technology to provide easy access to the most up-to-date XML customization files, including style sheets, scripts, CSS and templates.

Corel XMetaL 4 helps businesses streamline content distribution to

the Web, print, and mobile devices. The platform offers tight integration with content management systems and provides the ideal environment for enterprise-wide XML content creation. Maximizing content re-use, Corel XMetaL 4 enables authors to create compound documents of valid XML data - 'chunking' documents into reusable sections that can be managed individually, dramatically improving the way organizations create and reuse their XML content.

"Customers are demanding component reuse for brand compliance, efficient parametric search, and a business-user authoring environment as they invest in publishing solutions. The advances in Corel XMetaL 4 and its integration with TeamXML content management provide an exceptional publishing solution," says Dr. Mark Hale, director of Content Technologies at Interwoven. "Corel XMetaL 4 is an important upgrade and we are confident that our customers will appreciate the enhanced functionality this new XML publishing solution provides."

Corel XMetaL 4 will be available in early 2003. Previews of Corel XMetaL 4 can be seen at the Corel booth (#431) at the XML Conference and Exposition 2002 in Baltimore for the duration of the event. For more information about Corel XMetaL 4, please visit www.corel.com/xmetal4.

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) 2002 Corel Corporation. All rights reserved. Corel, the Corel logo and XMetaL 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.