Corel and Apple Celebrate Creativity on Mac OS X.

OTTAWA--(BUSINESS WIRE)--Nov. 15, 2001

Corel Corporation (NASDAQ:CORL)(TSE:COR.)

Corel Delivers Seven Native Mac(R) OS X Graphics Products

Corel Corporation (NASDAQ:CORL)(TSE:COR.) announced today that it is now shipping more native Mac(R) OS X graphics offerings than any other major software vendor.

Corel intends to bring all future Mac professional graphics applications to Mac OS X, Apple's next generation operating system.

Corel's current line of native Mac OS X products includes Bryce(R) 5, Corel(R) GRAPHICS SUITE 10 for Macintosh(R), CorelDRAW(R) 10 for Macintosh, Corel PHOTO-PAINT(R) 10 for Macintosh and the procreate(TM) line of creative enhancement tools - Painter 7(TM), KPT(R) effects(TM), and KnockOut 2.

Mac OS X combines the power of UNIX(R) with the simplicity and elegance of the Macintosh to deliver an exciting new computing environment. Developed for Mac OS X, Corel products leverage the advanced graphics capabilities and reliability of this modern operating system.

"Mac OS X is an evolution in Apple computing. Apple's consistent performance and dominance in the professional creative market offers exciting business opportunities for our graphics applications. We've responded by introducing procreate specifically to serve these professional customers," said Ian LeGrow, executive vice-president of creative products at Corel. "Our applications running on this new operating system provide customers with a unique environment for unleashing their creative power."

"Corel has demonstrated its commitment to Apple's customers and is leading the wave of development for the Mac by delivering seven outstanding offerings for Mac OS X," said Ron Okamoto, Apple's vice president of Worldwide Developer Relations. "With the introduction of procreate and Corel's aggressive development of high performance graphics applications, the company is taking full advantage of the capabilities and opportunity inherent to Mac OS X."

Corel Corporation

Corel Corporation provides its customers with the creative tools they need to unleash their imaginations. With its heritage of software innovation and a solid franchise of loyal customers worldwide, Corel has earned its reputation as an internationally recognized developer of award-winning graphics and business productivity applications on the Windows(R), Macintosh(R), Linux(R) and UNIX(R) platforms. Corel will continue to expand its support of the Web, delivering the Internet's versatility to customers through exciting Web-based applications, content and services. Corel will also be developing applications for Microsoft's .NET platform as part of its commitment to provide customers with a full range of applications and services over the Internet. With its headquarters in Ottawa, Canada, Corel continues to be one of Silicon Valley North's most exciting and influential software companies. Corel's common stock trades on the NASDAQ Stock Market under the symbol CORL and on the Toronto Stock Exchange under the symbol COR. For more information on Corel Corporation, please visit www.corel.com.

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)2001 Corel Corporation. All rights reserved.

Corel, CorelDRAW, Corel PHOTO-PAINT, Bryce, Painter 7, KPT, effects, procreate, and the Corel logo are trademarks or registered trademarks of Corel Corporation or Corel Corporation Limited in Canada, the United States and/or other countries. All other product, font, company names and logos are trademarks or registered trademarks of their respective companies.