Experienced Industry Executive Will Lead Corel's Corporate and Business Development Functions While Targeting New Acquisition Candidates OTTAWA, October 18 /CNW/ - Corel Corporation, (NASDAQ:CREL) (TSX:CRE) a leading global software provider, today announced that Jonathan Kissane has been named Senior Vice President, Corporate Development. A seasoned technology industry executive with more than fifteen years of technology experience in business development, venture capital and corporate and intellectual property law, Kissane has proven expertise in developing global partnerships and negotiating significant mergers and acquisitions. In his new role, Kissane will lead Corel's overall corporate and business development function, targeting new acquisition prospects and strategic partnerships that will expand Corel's global reach, product portfolio and profitability. Kissane will report to David Dobson, Corel's Chief Executive Officer. Kissane brings established global credentials in mergers and acquisitions and partner development to the Corel executive team. Prior to joining Corel, Kissane was an Associate and a Kauffman Fellow at Centennial Ventures, a leading venture capital firm backed by a $341 million fund. Kissane also served as Vice President of Business Development at Viafone where he negotiated complex global licensing agreements, led partnership formation and marketing initiatives, and assisted the founders in raising venture financing. Kissane has also held senior positions at The Boston Consulting Group and worked at Weil, Gotshal and Manges, a leading New York-based law firm. Kissane holds degrees from both Stanford University and Harvard Law School. He received his MBA with Distinction from INSEAD. "Acquisitions represent an important element of Corel's long term growth strategy," said Dobson. "Our acquisition and integration of Jasc Software and WinZip Computing and our pending acquisition of InterVideo demonstrate our ability to identify synergistic opportunities and successfully execute an integration process that benefits our customers, partners and shareholders. The addition of Jon Kissane to our executive team will further enhance our global capabilities in this area. We are very pleased to have such an experienced and versatile executive join our team at this exciting time in Corel's history." "I am very excited to join Corel - a dynamic organization that is shaping the global software market," said Kissane. "Corel has emerged as an influential force in a software industry marked by consolidation. I look forward to working with Corel's world-class team as we continue to form profitable partnerships and execute successful acquisitions that further extend Corel's software portfolio and deliver even greater value to Corel customers, partners, and shareholders." Forward-Looking Statements: This news release includes forward-looking statements that are based on certain assumptions and reflect our current expectations. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements to differ materially from any future results, performance, or achievements discussed or implied by such forward-looking statements.. These risks, uncertainties and other important factors are described in our Prospectus dated April 25, 2006, filed with the Securities and Exchange Commission (The SEC) and our other filings with the SEC under the caption "Risk Factors" and elsewhere. A copy of the Prospectus and such other filings can be obtained on our website or on the SEC's website at http://www.sec.gov. Certain of such risks are also included in our Canadian supplemented PREP prospectus dated April 25, 2006, available at http://www.sedar.com. We disclaim any obligation or undertaking to provide any updates or revisions to any forward-looking statement to reflect any change in our expectations or any change in events, conditions or circumstances on which the forward-looking statement is based. About Corel Corporation Corel is a leading global packaged software company with over 40 million users. The Company provides full-featured, easy-to-use productivity, graphics and digital imaging software and enjoys a favorable market position among consumers and small businesses. The Company's award-winning product portfolio features popular, globally recognized brands, including CorelDRAW(R) Graphics Suite, Corel(R) Paint Shop(R) Pro, Corel(R) Snapfire(R), Corel Painter(TM), Corel DESIGNER(R), Corel(R) WordPerfect(R) Office, WinZip(R), and iGrafx(R). With hundreds of industry awards for leadership in software innovation, design and value, Corel's products have built a loyal following of customers and partners around the globe. Corel's products are sold in over 75 countries through an international network of resellers and retailers, original equipment manufacturers (OEMs), and Corel's global websites. (C) 2006 Corel Corporation. All rights reserved. Corel, CorelDRAW, Paint Shop, Snapfire, Painter, Designer, WordPerfect, WinZip, iGrafx and the Corel logo are trademarks or registered trademarks of Corel Corporation and/or its subsidiaries. CRELF