For Immediate Release
Adobe and Yahoo! Team to Deliver New Consumer Services

Companies to Provide Consumers with Access to Yahoo! Search Through Adobe Reader and Co-branded Toolbar Featuring Adobe Services

SAN JOSE, Calif. and SUNNYVALE, Calif. Oct. 25, 2004 Adobe Systems Incorporated (Nasdaq:ADBE) and leading Internet provider Yahoo! (Nasdaq:YHOO) today announced a strategic relationship aimed at providing consumer services to Internet users. Leveraging the over half-a-billion copies of Adobe Reader software distributed to date and the No. 1 Internet brand, Yahoo!, the two companies will introduce integrated products that feature Adobe services, significantly increase the reach of Yahoo! Search and expand the online utility of Adobe Reader.

"Adobe and Yahoo! share a common vision for providing consumers with services that help them get the most out of using the Internet," said Shantanu Narayen, Executive Vice President of Worldwide Products, Adobe Systems. "Combining Yahoo!'s leadership in delivering content and services online with the ubiquitous Adobe Reader, Adobe and Yahoo! will bring a new level of simplicity and relevance to online services."

"We are excited to enter this strategic relationship with Adobe as it underscores Yahoo!'s commitment to providing users with products and services that enrich their online experience," said Dan Rosensweig, COO, Yahoo! Inc. "Additionally, our multi-faceted relationship will dramatically increase our exposure and reach to consumers via Adobe's installed base of more than 500 million copies of Adobe Reader."

This week Adobe will introduce a co-branded Yahoo! Toolbar that will provide users with access to Yahoo! products including AntiSpy, Pop-Up Blocker and Yahoo! Search, as well as Adobe products such as Create Adobe PDF Online, a web-based service that provides consumers and small businesses easy access to creating documents in PDF. Over time, the co-branded toolbar will launch additional functionality, such as the ability to quickly and easily convert web-based content into Adobe PDF files. Capturing and converting web pages into PDF means HTML content can be taken offline for viewing, sharing and archiving.

A future release of Adobe Reader, Adobe's universal client software for viewing and interacting with Adobe PDF files, will feature Yahoo! Search as the default Internet search. This new service will provide Adobe Reader users with a much easier and faster way of accessing web search for additional information or content that they may be viewing in Reader.

About Yahoo!
Yahoo! Inc. is a leading provider of comprehensive online products and services to consumers and businesses worldwide. Yahoo! is the No. 1 Internet brand globally and the most trafficked Internet destination worldwide. Headquartered in Sunnyvale, Calif., Yahoo's global network includes 25 world properties and is available in 13 languages.

About Adobe Systems Incorporated
Adobe helps people and businesses communicate better through its world-leading digital imaging, design and document technology platforms for consumers, creative professionals and enterprises. Adobe's revenue in its last fiscal year exceeded $1.2 billion. For more information about Adobe, visit www.adobe.com.

This press release contains forward looking statements, including those related to Adobe's product offerings, the performance and capability of Adobe's products and the benefits derived by customers from utilization of Adobe's products and solutions, which involve risks and uncertainties that could cause actual results to differ materially. The factors that might cause or contribute to such differences are discussed more fully in Adobe's SEC filings, including the 2003 annual report on Form 10-K and quarterly reports on Form 10-Q filed in 2004. The Company does not undertake an obligation to update forward looking statements.

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2004 Adobe Systems Incorporated. All rights reserved. Adobe, the Adobe logo and Reader are either registered trademarks or trademarks of Adobe Systems Incorporated in the United States and/or other countries. All other trademarks are the property of their respective owners.

Press/Analyst Contacts
Rebecca Michals
Adobe Systems Incorporated
408-536-4201
rmichals@adobe.com

Stephanie Ichinose
Yahoo!
408-349-6877
siwamasa@yahoo-inc.com