Corel and LightSpeed Software Deliver Integrated Content Management Solution for Technical Publishing.

Business Editors/High-Tech Writers

OTTAWA, Canada & SAN FRANCISCO--(BUSINESS WIRE)--May 13, 2003

Joint Offering Provides a Seamless Way to Easily Create, Manage

and Reuse Structured Content for Multi-Channel Publishing

Corel Corporation (NASDAQ:CORL)(TSX:COR) and LightSpeed Software today announced a strategic partnership to deliver a comprehensive content management solution for authoring, managing and publishing technical documentation. The companies have built an integration between Corel(R) XMetaL(R), Corel's enterprise-class XML editing tool, and LightSpeed Astoria, LightSpeed Software's content management system, providing customers with a single solution to protect and extend the significant investment they have made in their content assets. This offering is available now and has been adopted by customers including Texas Instruments and Open Learning Agency.

"A primary driver for organizations is to maximize use of their resources," said Michael Maziarka, Director of CAP Ventures' Dynamic Content Software Strategies. "Businesses are beginning to understand the value of their content, and that content effectively managed becomes even more valuable as it is leveraged by the organization's many constituencies. The LightSpeed Software and Corel solution provides a way for organizations to achieve their goals using an XML-driven content strategy to maximize the return on their content."

The Corel/LightSpeed Software solution offers content experts a flexible way to create reusable XML content at an element level - breaking documents into small and easily managed elements or 'chunks' that can be easily shared, updated, located and delivered to multiple channels. By enabling anyone within an organization to create XML content, the costly and repetitive process of converting content from proprietary document formats into XML is eliminated. Combining the strengths of Corel XMetaL and LightSpeed Astoria, the offering provides a robust XML authoring environment integrated with a powerful content management repository that is easily accessible through a common user interface.

The XMetaL interface enables knowledge workers to create XML content in an environment that is as easy to use as a word processor. LightSpeed Astoria manages this content and makes it available to be shared and reused throughout the organization for delivery to multiple channels - whether it is to be published online, in print or to wireless devices. The solution supports the newly-released Corel XMetaL 4, giving authors the power to create XML content within any ActiveX(R)-compliant application, including email and Web browsers. The ability to create XML content virtually anywhere enables improved collaboration in the authoring process across distributed workgroups.

"Faced with the challenge of doing business on short deadlines in a dynamic marketplace, nothing is more important than saving time and reducing costs. XML is the ideal format for creating and managing reusable content - enabling our customers to find huge efficiencies in their document creation processes," said Bruce Sharpe, Vice President of XML Content Solutions for Corel. "This solution builds on the strengths of both XMetaL and LightSpeed Astoria, providing an environment ideally suited for technical documentation. We are delivering a comprehensive offering, saving our customers the time and effort required to build their own custom solutions."

"Our partnership with Corel represents a remarkable opportunity for customers looking to drive down costs and realize new efficiencies associated with creating and managing their enterprise content assets," said Mark Leonard, Executive Vice President of Business Development at LightSpeed Software. "Our joint solution provides a way for organizations to optimize their content processes in critical areas of their business such as those closely tied to the product life cycle."

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.

About LightSpeed Software, Inc.

LightSpeed Software has helped more than 300 leading organizations - including manufacturing, financial services, healthcare and government entities - reduce costs and speed time-to-market by optimizing the value of their content assets. LightSpeed Software's content management system enables organizations to capture, manage, collaborate and distribute enterprise content at a document, component and element level for easy reuse. For more information about LightSpeed Software, visit www.LSpeed.com.

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