[announce] OASIS Member News -- Corel XMetaL 4 Now Available

[Jessica Gould <Jessica.Gould@corel.com>]

For Immediate Release

Corel(r) XMetaL(r) 4 Now Available

The Corel XMetaL 4 Platform Extends the Reach of XML Authoring to the
Web and Delivers on the Promise of Content Reuse

Ottawa, Canada - February 10, 2003 - Corel Corporation (NASDAQ: CORL,
TSX: COR) today announced the availability of Corel(r) XMetaL(r) 4.
Focusing on the specific needs of both developers and end users, Corel
XMetaL 4 is a new platform that extends XML content editing to virtually
any Windows application, including email and Web browsers.

The Corel XMetaL 4 platform provides the only richly-customizable XML
editing solutions that support dynamic validation for both DTDs and W3C
Schemas. It is composed of four separate applications designed to meet
the unique requirements of IT managers, developers, and end users. 

Corel XMetaL offers tight integration with leading content management
systems and provides the ideal environment for enterprise-wide XML
content creation. Maximizing content reuse, Corel XMetaL enables authors
to create compound documents of valid XML data - forming documents from
reusable sections or 'chunks' that can be managed individually,
dramatically improving the way organizations create and reuse their XML
content.

"Corel XMetaL is known for its ability to make XML content creation
easy. But creating the XML is only the first step - how you use it is
even more vital. The ability to reuse and re-purpose content must be as
widespread as possible," said Bruce Sharpe, executive vice president of
XML content solutions for Corel. "Designed specifically for XML, Corel
XMetaL 4 provides an optimal environment to create and edit XML content
while ensuring that it can be easily shared and reused. With the
addition of ActiveX support, we are bringing the promise of valid XML
content to virtually any application."

"XML adoption grows steadily as organizations update their workflow to
support multi-channel delivery of content to the Web, print, and mobile
devices. The ability to easily create reusable content is essential,"
said Michael Maziarka, Director at CAP Ventures, a leading analyst firm
specializing in business communication technologies. "Corel XMetaL 4
takes great strides in helping to remove the barriers to XML adoption by
delivering an easy to maintain and configurable environment for IT
managers and end users alike."

The Corel XMetaL 4 Platform is Composed of Four Components:

Corel(r) XMetaL(r) Author is a customizable XML editing environment that
makes it easy to create valid and well-formed XML documents. XMetaL
Author includes the comprehensive writing tools featured in Corel
Ventura(r) and WordPerfect(r) Office as well as support for DTDs and
Schema, all in an environment that provides the same ease of use as a
traditional word processor.

Corel(r) XMetaL(r) for ActiveX(r) is an editing interface that
developers can embed into any ActiveX-compliant Windows(r) application,
including Web browsers. Corel XMetaL for ActiveX features comprehensive
editing and document viewing functionality, delivering robust XML
creation capabilities to business users virtually anywhere.

Corel(r) XMetaL(r) Developer is a centralized development environment
for creating Corel XMetaL customizations and applications. Designed as a
plug-in for Microsoft(r) Visual Studio(r) .NET, it enables developers to
use familiar Web development skills such as scripting, COM and DOM to
create customizations for both XMetaL Author and XMetaL for ActiveX.
Corel XMetaL 4 Developer also lets developers create and edit Cascading
Style Sheets (CSS) and includes the Corel XMetaL Forms Toolkit for
creating custom forms interfaces.

Corel(r) XMetaL(r) Central completes the platform by providing a
server-based XML environment management tool that simplifies the
deployment and maintenance of customized XML applications across an
organization. Corel XMetaL Central enables IT managers to leverage the
power of Web services to remotely manage and maintain enterprise
customizations and takes advantage of Simple Object Access Protocol
(SOAP) technology to provide easy access to the most up-to-date XML
customization files, including style sheets, scripts, CSS and templates.

Pricing and Availability

Corel XMetaL 4 is now available through the Corel Licensing Program.
Base Pricing ($US) before volume discounts is as follows: 

Corel XMetaL Developer Full $999, Upgrade $599 
Corel XMetaL Author Full $499, Upgrade $199 
Corel XMetaL for ActiveX Full $499, Upgrade $199 (alternative concurrent
pricing options also available)

For more information about Corel XMetaL 4, please visit
www.corel.com/xmetal4. 

About Corel Corporation

Founded in 1985, Corel Corporation (www.corel.com) is a leading
technology company specializing in content creation tools, business
process management and XML-enabled enterprise solutions. The company's
goal is to give consumers and enterprise customers the ability to
create, exchange and instantly interact with visual content that is
always relevant, accurate and available. With its headquarters in
Ottawa, Canada, Corel's common stock trades on the Nasdaq Stock Market
under the symbol CORL and on the Toronto Stock Exchange under the symbol
COR.

This press release contains forward-looking statements as defined by the
United States Private Securities Litigation Reform Act of 1995,
involving the company's expectations about future financial results and
other matters. These statements reflect management's current forecast of
certain aspects of the company's future business. These forward-looking
statements are subject to certain risks and uncertainties that could
cause actual results of operations to differ materially from historical
results or current expectations. The words "plan", "expect", "believe",
"intend", "anticipate", "forecast", "target", "estimate" and similar
expressions identify forward-looking statements. Risk factors include
shifts in customer demand, product shipment schedules, product mix,
competitive products and pricing, technological shifts and other
variables. Readers are referred to Corel's most recent reports filed
with the Securities and Exchange Commission for a more complete
discussion of the other risks and uncertainties. The factors underlying
forecasts are dynamic and subject to change. As a result, forecasts
speak only as of the date they are given and do not necessarily reflect
the company's outlook at any other point in time. The company does not
undertake to update or review these forward-looking statements.

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(c) 2003 Corel Corporation. All rights reserved. Corel, the Corel logo,
XMetaL, Corel Ventura and WordPerfect are trademarks or registered
trademarks of Corel Corporation and/or its subsidiaries. All other
product, font and company names and logos are trademarks or registered
trademarks of their respective companies.

Press Contacts:
Jessica Gould
(613) 728-0826 x 5405
jessica.gould@corel.com