Corel to Bundle Graphics Applications with HP Scanners: Package Offers Flexibility, Versatility and Value to Customers.

Business Editors

OTTAWA--(BUSINESS WIRE)--March 13, 2001

Corel Corporation (NASDAQ:CORL) (TSE:COR) is pleased to announce that a host of Corel photo manipulation and creative applications will be bundled with the HP Scanjet 7400c series of scanners from Hewlett-Packard Company.

This latest offering will combine Corel PHOTO-PAINT(R) 8 for Mac(R) and Corel Print Office(TM) 2000 PC with the HP Scanjet 7400c, 7450c, and 7490 scanners. Two Corel graphics powerhouses -- CorelDRAW(R) 9 for Windows and CorelDRAW(R) 8 for Mac -- will also be included on the feature-rich HP Scanjet 7490c scanners.

"We have a history of combining Corel graphics products with HP scanners," said Jon Riis, director, OEM Sales, Americas. "This long collaboration stems from our mutual commitment to provide high-powered packages to suit the digital imaging and desktop publishing needs of our valued customers. HP scanners are incredibly robust and when they are coupled with Corel applications such as CorelDRAW and Corel PHOTO-PAINT, they are also extremely versatile."

"By bundling Corel's outstanding image-editing software with our professional scanning devices, we are increasing our customers' ability to be more creative with their design projects," said Mary Peery, vice president and general manager of HP Digital Imaging.

Featuring HP's exclusive scanning technology that offers 2400-dpi optical resolution, the HP Scanjet 7400c series scanners allow office professionals to use images to create impressive documents. All three models of the scanners come with a lighted transparency adapter for scanning 35mm slides, negatives and transparencies up to 5x5 inches.

Corel's creative product line is designed to give customers the power to create anytime, anywhere. Both CorelDRAW 9 and CorelDRAW 8 are award-winning graphics suites that allow users to explore the furthest reaches of their imagination.

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. In 2001, 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.

Corel, CorelDRAW, Corel PHOTO-PAINT, Corel Print Office 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 products, fonts, company names and logos may be trademarks or registered trademarks of their respective owners.