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Legal disclaimer

The information contained in the Webcast of Adobe System's earnings conference call to be held on March 22, 2006 speaks as of that date. Investors should not assume that these comments remain operative at a later time.

This Webcast contains forward looking statements, including those related to revenue, gross margin, operating expenses, operating margin, other income, tax rate, share count, earnings per share, and future growth and market opportunities, which involve risks and uncertainties that could cause actual results to differ materially.

Factors that might cause or contribute to such differences include, but are not limited to: adverse changes in general economic or political conditions in any of the major countries in which Adobe does business, delays in development or shipment of Adobe's new products or major new versions of existing products, introduction of new products by existing and new competitors, failure to successfully manage transitions to new business models and markets, difficulty in predicting revenue from new businesses, failure to anticipate and develop new products in response to changes in demand for application software, computers and printers, intellectual property disputes and litigation, inability to protect Adobe's intellectual property from unauthorized copying, use, disclosure or malicious attack, failure to realize the anticipated benefits of past or future acquisitions and difficulty in integrating such acquisitions, changes to Adobe's distribution channel, disruption of Adobe's business due to catastrophic events, interruptions or terminations in Adobe's relationships with turnkey assemblers, risks associated with international operations, fluctuations in foreign currency exchange rates, changes in accounting rules and regulations, impairment of Adobe's goodwill or intangible assets, unanticipated changes in tax rates, Adobe's inability to attract and retain key personnel, and market risks associated with Adobe's equity investments.

For further discussion of these and other risks and uncertainties, individuals should refer to Adobe's SEC filings, including the 2005 annual report on Form 10-K and quarterly reports on Form 10-Q filed in 2006. The Company does not undertake an obligation to update forward looking statements. Adobe does not undertake an obligation to update forward looking statements.

The live Webcast broadcast begins at 2 p.m. Pacific time.

Hardware/software requirements

Listening to the recorded broadcast requires RealPlayer or Windows Media Player. Minimum Internet connection speed is 28.8Kbps. Broadcast quality will be best for listeners with at least a 56.6Kbps connection, but will still be available to those with slower connections.