WordPerfect Office 11 Coming This Spring.

Business Editors/High-Tech Writers

OTTAWA--(BUSINESS WIRE)--March 5, 2003

Corel Corporation (NASDAQ:CORL) (TSX:COR) today unveiled the new version of its flagship office suite, WordPerfect(R) Office 11, scheduled for North American availability in spring 2003.

WordPerfect Office 11 combines the best assets of previous versions with new features to improve the workflow efficiencies of users. Building on its strong reputation for value, ease-of-use and flexible licensing options, WordPerfect Office 11 enhances the way users create, exchange and interact with content, providing intelligent methods of collaborating with clients and colleagues.

"We've built WordPerfect Office 11 as the intelligent choice for office productivity," said Graham Brown, executive vice president of software development for Corel Corporation. "WordPerfect users love the quick and intuitive access to features that give them full control over their documents. With WordPerfect Office 11 we're offering a highly capable product to long time WordPerfect Office users and to a growing number of users seeking an alternative to Microsoft's cost and strict terms of licensing."

Efficiency

WordPerfect Office 11 enhances productivity and ease-of-use with intelligent tools for document creation and superior formatting control.

-- New Document Map and Collaborative Review functions enhance workflow efficiency while Reveal Codes and RealTime Preview ensure complete formatting control

-- A customizable and intuitive interface can be adapted to meet users' needs and a new Classic Mode features the WordPerfect 5.1 user environment, complete with a blue screen interface and WordPerfect 5.1 keystrokes

-- An enhanced legal toolbar adds features from WordPerfect Law Office Editions, including the Pleading Wizard, Concordance macro tool and Publish to EDGAR(TM)

Flexibility

WordPerfect Office 11 enhances users' collaborative capabilities with strong file-sharing features.

-- Improved XML integration, built on five years of XML

experience, gives users the ability to publish slide shows,

spreadsheets and WordPerfect files to XML, enhancing file

sharing options and supporting the deployment of content to

multiple devices

-- Far reaching file sharing capabilities include Publish to PDF

features in WordPerfect and Presentations(TM), suite-wide

Publish to HTML capabilities, support for ODMA (Open Document

Management API) and a new conversion utility to batch convert

files from formats including Microsoft Word, RTF and more

-- WordPerfect maintains the same file format from versions

6.1-11 providing seamless access to legacy data

-- New email Document Routing capabilities and Microsoft

Outlook(R) Address Book connectivity lets users collaborate

via Microsoft Outlook

-- New ZIM SMS Office integration with Quattro Pro(R) allows

users to update spreadsheets remotely via cell phone

Choice

WordPerfect Office 11 is the intelligent choice for power users seeking value, flexible licensing solutions and professional level support. WordPerfect Office 11 offers:

-- Access to a full-featured suite of applications at much lower

cost than the leading competitor

-- Flexible and easy payment options through the Corel License

Program

-- A wide variety of customer and technical support options,

professional services and training solutions

-- Ultimate control and flexibility through user interface

customization and accessibility compliance

"The file sharing enhancements in WordPerfect Office 11 are making communications with my clients seamless and efficient," said Hy London, president of Systems Canada, a Canadian R&D tax consultancy, and a beta user of WordPerfect Office 11. "The built-in PDF functionality is an absolute pleasure to work with. The new features, together with the many classic features, especially Reveal Codes, will reduce our operating costs while saving us a very rare commodity, namely time."

"As a reseller with strong ties to corporate and government markets, I'm very enthusiastic about WordPerfect Office 11," said Dean Picciotti, President and CEO of Softmart, Inc., a leading hardware and software reseller. "WordPerfect Office 11 presents us with a significant revenue opportunity thanks to the product's strength in government markets and its licensing flexibility. WordPerfect Office 11 is answering the market's call for a full-featured office alternative."

Pricing and Availability

Set for availability in late April, WordPerfect Office 11 will be offered in Standard and Professional editions, with the Professional edition available as a license-only offering to meet the demands of enterprise customers. WordPerfect Office 11 Standard edition has a suggested retail price (SRP) of $299.99US. In keeping with Corel's commitment to rewarding customer loyalty, existing users of WordPerfect Office will be eligible to purchase WordPerfect Office 11 Standard at the upgrade SRP of $149.99US. A special edition to serve the education market will be available at an SRP of $99.99 US.

About WordPerfect Office 11

WordPerfect Office 11 Standard Edition features the latest versions of the core applications- WordPerfect(R) 11, Quattro Pro(R) 11 and Presentations(TM) 11. In addition to these applications, WordPerfect Office 11 Professional Edition includes the powerful relational database Paradox(R).

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.

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) 2003 Corel Corporation. All rights reserved. Corel 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.