Integrated Publishing Solution Targeted for Fall 1999 Availability

Seybold, San Francisco, (August 30, 1999) (Nasdaq: ADBE)--Adobe Systems Incorporated and Xerox Corporation (NYSE:XRX) today announced a strategic initiative to integrate Adobe PDF technology with Xerox ContentGuardTM rights management solution. This alliance will enable publishers to implement secure e-commerce of high-value PDF documents, while allowing end-users to access these documents in the native Acrobat Reader. Adobe and Xerox will also jointly support the definition and promotion of an open standard for rights specification design around the needs of the publishing industry.

"The integration of Adobe PDF technology with Xerox ContentGuard is truly a significant step forward in enabling document e-commerce," said Victor Votsch, senior editor, SeyboldReports.com. "It's encouraging to see the arrival of a solution that promises ubiquity and flexibility from two of the leading publishing technology providers."

The integration of Adobe PDF and Xerox ContentGuard will offer significant benefits, both to publishers and consumers. Publishers will be able to use the Adobe® Acrobat® format for distribution of their content while benefiting from the turnkey protection, e-commerce and rights clearing capabilities of ContentGuard. At the same time, consumers will benefit by being able to access their content through the familiar Acrobat Reader software. Initial availability of this integration will be this fall, and offered as a free upgrade to existing ContentGuard customers.

"Adobe PDF is an excellent format for representing graphically rich electronic documents and publications and for allowing documents to be viewed on a wide variety of platforms," said Ranjit Singh, senior vice president and general manager of Xerox Internet & Software Solutions. "Combining the rights management capabilities of ContentGuard with the format and cross-platform functionality of Adobe PDF allows us to bring document e-commerce capabilities to a broader audience than ever before."

"Xerox ContentGuard provides a rich, integrated solution for rights management for the publishing industry," said Joe Eschbach, vice president, Adobe Systems Incorporated. "So it was an obvious choice for us to work with Xerox in the development of solutions that provide publishers with the security, accessibility and visual integrity they need to successfully deliver digital content. We are pleased to be working with Xerox in the integration of our technologies."

The recently released Xerox ContentGuard suite is an end-to-end solution for rights management of digital content, including support for rights specification, granting of rights, enforcement of rights during use and ongoing rights tracking. ContentGuard enables e-commerce and network distribution of digital content such as market research and other reports, books, periodicals and academic course-packs. ContentGuard also automates the rights clearing process that facilitates the acquisition and granting of rights and royalty accounting.

Since the introduction of Adobe Acrobat software more than five years ago, Adobe has taken the lead in helping publishers, government agencies, educational institutions and corporations improve the management of their electronic documents. Based on the Adobe PDF, Acrobat software enables users to more reliably share, collaborate and deliver documents exactly as intended in various computing environments. Adobe Acrobat is an ideal application for publishers as it provides a common, platform-independent solution that lets any PC user store, view and repurpose any electronic document.

About Xerox Document Solutions Group
The ContentGuard product suite has been developed by the Xerox Internet & Software Solutions business unit of Xerox' Document Solutions Group (DSG). DSG offers a portfolio of industry-focused document solutions and services to improve customers' business results. The DSG portfolio combines leading edge innovation with current Xerox resources and includes document outsourcing; industry consulting; solutions integration and support; network services; Internet and software solutions; and document products and systems. Additional information about ContentGuard can be found at the Xerox websites at http://www.xerox.com or http://www.contentguard.com.

NOTE TO EDITORS: For more information about The Document Company Xerox, please visit our website at http://www.xerox.com. Xerox®, The Document Company®, the digital X®, and ContentGuard™ are trademarks of Xerox Corporation.

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About Adobe Systems Incorporated

Founded in 1982, Adobe Systems builds award-winning software solutions for Web and print publishing. Its graphic design, imaging, dynamic media, and authoring tools enable customers to create, publish and deliver visually-rich content for various types of media. The company's products are used by Web and graphic designers, professional publishers, document-intensive organizations, business users, and consumers. Adobe is the fourth largest U.S.-based personal software company, with annual revenues approaching $1 billion. It employs over 2,400 employees worldwide and has operations in North America, Europe, the Pacific Rim, Japan and Latin America. Adobe's worldwide headquarters are in San Jose, California and its web site is located at www.adobe.com.