Corio Brings Together Market Visionaries For Groundbreaking ASP Industry Event.

Business Editors/High-Tech Writers

SAN CARLOS, Calif.--(BUSINESS WIRE)--June 26, 2001

Enterprise Executives From Across Industries Participated in

"Staying in Command: A Closer Look at ASPs" Hosted by Corio

Corio, Inc. (Nasdaq:CRIO), a leading enterprise application service provider, today announced a groundbreaking ASP industry event featuring market visionaries from across IT industries. "Staying in Command: A Closer Look at ASPs" brought leading industry analysts, venture capitalists and IT advisors together to educate enterprise executives about unlocking IT value by integrating ASPs into their global IT strategy.

Featured speakers included:

-- Ray Lane, Partner, Kleiner, Perkins, Caufield and Byers: "The Internet will
change our world to one of real-time availability and 'real-time enterprises,'"
said Lane. "Real-time enterprises have to make information transparent to
customers and suppliers. They are continuously monitoring, responding and
adapting to customer needs and market data."

-- Geoffrey Moore, Chairman, The Chasm Group: "As investors become more
insistent that management funnel capital into core initiatives that create
competitive advantage, and thus can help raise a company's stock price, there
is a corresponding need to outsource non-core processes so they won't soak up
this same capital and internal resources. This bodes will for companies like
Corio and others who let their customers offload the investment of
infrastructure and staff and still secure services levels at or superior to
their in-house efforts."

-- Rita Terdiman, Vice President and Research Director, Gartner: "ASPs will
become mainstream in most enterprises," said Terdiman. "ASPs provide more value
than just hosting. Value is achieved through better management, better control,
reduced complexity, and a realistic ROI."

-- Bob A. Renner, Chief Technology Officer, ForestExpress: Bob discussed
ForestExpress' requirements for an ASP, why they selected Corio and their
experience to date.

-- George Kadifa, President and CEO, Corio, Inc.: "Corio provides the
applications, operations and infrastructure services required to manage our
customers' enterprise applications," said Kadifa. "We enable enterprises to
unlock IT value through speed of deployment, increased reliability, visibility
and control, and improved project economics."

In addition, a special guest, General Wesley Clark, the former NATO Supreme Allied Commander, discussed the complexities of managing 70,000 NATO troops and 100,000 American troops under his command during the war in Kosovo and the leadership required to stay in command of such a complex mission.

"Corio brought together some of today's key thought leaders on IT issues," said Abdallah Shanti, chief information officer at American Axle & Manufacturing and an attendee at the event. "I am walking away with a great understanding of ASPs in the context of our overall IT strategy and the value that Corio provides enterprises like ours."

"Staying in Command: A Closer Look at ASPs" took place in San Francisco, California on June 20, 2001.

About Corio, Inc.

Corio (Nasdaq:CRIO), a leading enterprise application service provider, delivers, hosts and manages best-of-breed applications and infrastructure services for a monthly fee. Corio's application suite, the Corio Intelligent Enterprise, features leading vendors such as BroadVision, Commerce One, E.piphany, Moai, PeopleSoft, Oracle, Requisite, SAP and Siebel Systems. Corio's infrastructure suite, the Corio Intelligent Infrastructure, features modular application delivery and support services. Corio is headquartered in San Carlos, California. Additional information about Corio is available at http://www.corio.com.

Note to Editors: Corio is a trademark of Corio, Inc. All other product and company names mentioned herein may be the trademarks of their respective owners.

FORWARD-LOOKING STATEMENTS:

Matters discussed in this release involving expectations, beliefs, plans, projections, intentions, or strategies are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities and Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, and are made under their safe-harbor provisions. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Forward-looking statements herein include statements regarding the benefits provided by Corio to customers. Some of the specific factors that may cause actual results to differ include: our limited history of offering ASP services and the fact that we operate in a new industry with a rapidly-evolving business model and our ability to adapt our services for rapidly changing technology. Additional risks that could cause actual results to differ materially from those projected are discussed in our filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. Corio undertakes no obligation to publicly release the results of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.