Corel Announces Licensing Agreement With Warner Bros. Interactive Entertainment; Corel to Include "The Wizard of Oz" in Upcoming Release of Corel Print House

Business Wire, Dec 7, 1998

OTTAWA--(BUSINESS WIRE)--Dec. 7, 1998--Corel Corporation (NASDAQ:COSFF) (TSE:COS.) today announced it has secured the licensing rights to a wide range of "The Wizard of Oz" content to be included in a future release of the Corel Print House(TM) line. Clipart, photographs, backgrounds, phrases and more from the classic edition of "The Wizard of Oz" feature film, are expected to be available by the end of February 1999 in English speaking countries only.

"Working with Corel lets us bring 'The Wizard of Oz' to a whole new audience," said Rob Sebastian, Director of Warner Bros. Interactive Entertainment. "We are excited about the new product that will be coming out next year."

Jim Orban, Corel Corporation's senior vice president of marketing, said he was also very excited about this partnership with Warner Bros. Interactive Entertainment and the potential it has for Corel's Consumer Products software line.

"We are committed to delivering high quality consumer-based products to the market and feel that by combining Corel's consumer graphics expertise with content from a classic film such as 'The Wizard of Oz,' we will have a winner in the consumer marketplace," said Orban.

Corel Corporation

Corel Corporation is an internationally recognized developer of award-winning graphics and business productivity applications. Development of market-leading products such as the CorelDRAW(TM) line of graphics applications and the Corel(R) WordPerfect(R) Suite of business tools is continually evolving to meet the demands of the corporate, retail and academic markets. Committed to value, compatibility, choice and open standards, Corel develops products for the Windows(R), Macintosh(R), UNIX(R), Linux(R) and Java(TM) platforms. Corel's common stock trades on The NASDAQ Stock Market(SM) under the symbol COSFF and on the Toronto Stock Exchange under the symbol COS. For more information visit Corel's Web site at www.corel.com.

Warner Bros. Worldwide Consumer Products

Warner Bros. Worldwide Consumer Products, a Time Warner Entertainment Company, L.P., is one of the leading and most diversified licensing and retail merchandising organizations which includes a vast library of intellectual properties and the Warner Bros. Studio Stores. With over 3,700 active licensees, Warner Bros. Consumer Products licenses the rights to names, likenesses and logos for a variety of entertainment properties, categories and Warner Bros. name icons that include Looney Tunes, Batman, Superman, Scooby-Doo, Wizard of Oz, and its many film and television series. Warner Bros. Consumer Products includes the Warner Bros. Studio Stores, Warner Bros. Worldwide Licensing, Worldwide Publishing, Warner Bros. Interactive Entertainment, Kids' WB! Music, WB Sport and WB Toys. Corel, WordPerfect, CorelDRAW and the Go Further logo are trademarks or registered trademarks of Corel Corporation or Corel Corporation Limited. Linux is a registered trademark of Linus Torvalds. All other product and company names are trademarks or registered trademarks of their respective companies.