Correcting...In the news release transmitted earlier today (June 16, 1997) for COREL CORPORATION, an error occurred. In the eighth paragraph, second last line, it should read "..35 per cent off the suggested retail price." The complete and correct version follows:Correction from Source: Corel Meets Needs of Academic Market.

OTTAWA--(BUSINESS WIRE)--June 16, 1997--Corel Corporation (TSE:COS.,NASDAQ:COSFF.) Corel Corporation, award-winning developer and marketer of productivity applications, graphics and Internet software, announced today changes which demonstrate its ongoing commitment to the academic world. Corel has an academic product line for students, faculty, educational institutions, museums, hospitals, public libraries, correctional institutions, senior citizens and non-profit organizations.

In recognizing the crucial role technology plays in education, Corel has responded to educator's needs with a unique, affordable and easy-to-administer licensing program. Based on market demand, Corel has added and modified specific features and procedures of the CLP Choice(TM) Academic and CLP Universal(TM) Academic Programs and has established a third license option - CLP Freedom(TM) Academic to replace the Universal Academic Site License Program.

"We have been extremely impressed with the growth our Education Department has experienced over the past year," said Dr. Michael Cowpland, president and chief executive officer of Corel Corporation. "Corel understands that for educational institutions, working within the constraints of defined budgets and meeting the diverse needs of students and faculty can be difficult. We offer programs for the Academic community to target these concerns."

Corel's academic shrink-wrapped software product line incorporates an array of products from the Corel(R) WordPerfect(R) line, including Corel(R) WordPerfect(R) Suite 7, Corel(R) Office Professional 7 and Corel(R) Office Professional 7 - Medical Edition. Graphics products available as shrink-wrapped academic software include CorelDRAW(TM) 7, Corel VENTURA(TM) 7, Corel(R) Click & Create(TM), Corel(R) WEB.GRAPHICS SUITE and CorelCAD(TM). Corel(R) WordPerfect(R) Suite 8 Academic version is now shipping.

All eligible individuals and organizations may obtain specially priced academic software and software licenses through Corel(R) Authorized Academic Resellers and Corel(R) CLP Authorized Resellers. For more information on eligibility please check our web site at www.corel.com/education or call and request Fax-on-Demand document #1024 at 613-728-0826 extension 3080.

CLP Choice(TM) Academic - A license-only program with no signed agreement and a minimum initial purchase requirement of only three units. CLP Choice Academic offers one discount level of pricing and allows the addition of multilingual licenses at no extra charge. Overall, this program targets qualified institutions that cannot meet large initial purchase requirements or that do not want to sign an agreement, institutions looking for a flexible, easy-to-administer license program that will meet their needs throughout growth and changing software deployment requirements, and institutions seeking a significant cost advantage to stay within budget while using industry-acclaimed software - key factors for institutions wanting to facilitate their growth and viability.

CLP Universal(TM) Academic - Corel has modified the method of determining the minimum buy-in level for qualified institutions in CLP Universal Academic from a dollar value to a point system. A standard 300-point entry level minimum is applicable in all countries. The use of a point system also makes it easier for Corel's channel partners to compare CLP Universal Academic more accurately to the point- (or unit-) based volume license programs of other software publishers. CLP Universal Academic aims to target medium-to large-sized institutions interested in lowering their total cost of information system (IS) ownership through significant savings, institutions budgeting their expenditures based on quarterly payments throughout the year, institutions seeking an easy-to-administer volume license program that will meet their changing needs and decentralized institutions seeking a program that is flexible in addressing different IS requirements.

CLP Freedom(TM) Academic (introduced May 1st, 1997) - CLP Freedom Academic has been designed for qualified institutions that want to avoid reporting and tracking software. It provides institutions with the most affordable, easiest-to-administer method of deploying a comprehensive Corel application solution across their entire institution or a defined portion of it. CLP Freedom targets institutions that can commit to licensing Corel applications for all employees or workstations and offers unlimited growth throughout the term of the contract. Institutions may be eligible for a second year renewal discount of up to 35 per cent off the suggested retail price. It also targets institutions seeking the easiest-to-administer license program available from Corel, institutions looking to move from a standalone application environment to an integrated suite of business applications and institutions seeking Corel's most cost-effective license program.

Technical Support Options:

- IVAN: Corel's Interactive Voice Answering Network provides customers with instant access to the most current product information available. Customers can obtain this service 24-hours a day, 365 days a year by calling [phone]. (Toll charges apply)

- Bulletin Board Service (BBS): A 24-hour product information and program file resource that may be accessed by dialing [phone]. - Fax on Demand Service: Customers may obtain faxed information by calling [phone].

- CompuServe(R) Information Services: CompuServe subscribers can access the Corel Technical Support forum by typing GO COREL.

- Corel Home Page: An Internet World Wide Web site at http://www.corel.com or http://wordperfect.com with product information, technical documentation and press releases.

- E-mail service - Corel introduces technical e-mail support; affordable convenience for English language products in North America only. This new support option expands the full range of products provided by Corel and will be available in June. Customers will be able to support incidents over the Web at Corel's web site at http://www.corel.com/support for the special introductory price of $14.95 US per incident, payable by credit card. Prices are subject to change without notice. Credit card information is transmitted using industry standard secure socket layer (SSL) protocol for secure transaction processing. Corel is committed to working on technical e-mail support incidents within one business day. There may be delays associated with the World Wide Web that may prevent immediate response. Therefore, all mission critical support incidents should be registered with telephone support.

Corel Corporation

Incorporated in 1985, Corel Corporation is recognized internationally as an award-winning developer and marketer of productivity applications, graphics and Internet software. Corel's product line includes CorelDRAW(TM), Corel(R) WordPerfect(R) Suite, Corel(R) Office Professional, Corel(R) WebMaster Suite, CorelVIDEO(TM) and CorelCAD(TM). Corel's products run on most operating systems, including: Windows(R), Macintosh(R), UNIX, MS-DOS, and OpenVMS and are consistently rated among the strongest in the industry. The company ships its products in over 17 languages through a network of more than 160 distributors in 70 countries worldwide. Corel is traded on the Toronto Stock Exchange (symbol - COS) and the NASDAQ - National Market System (symbol - COSFF). For more information visit Corel's home page on the Internet at http://www.corel.com .

Corel, WordPerfect, Presentations, CorelDRAW, CorelVIDEO, Visual CADD, CorelCAD, CLP Universal, CLP Choice, CLP Freedom are registered trademarks or trademarks of Corel Corporation or Corel Corporation Limited. All product and company names are trademarks or registered trademarks of their respective companies.

CONTACT: Corel Corporation

Sandra Catana (U.S.), 613/728-0826 ext 1488

[e-mail]

or

Corel Corporation

Carrie Bendzsa (Canada), 613/728-0826 ext 1524

[e-mail]