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Hemera Technologies Acquires GraphicCorp™, a Division of Corel Corporation, as well as Corel's Collection of Premium and Stock Photographic Images
Hemera becomes a global leader in wholly-owned, royalty-free digital images; Corel takes a 23 per cent equity interest in Hemera

Ottawa-Hull (Canada) – July 17, 2000 – Hemera Technologies Inc. of Hull, Quebec, makers of the highly acclaimed Photo-Objects™ digital image collections, and Corel Corporation (NASDAQ: CORL, TSE: COR) of Ottawa, Ontario, announced today that Hemera has acquired GraphicCorp™, a division of Corel, as well as Corel's collection of premium and stock digital photographic images. The addition of the Corel digital library, which includes more than 1.5 million photographs, vector illustrations, floating objects and Web illustrations, to Hemera Technologies' existing electronic library has moved Hemera Technologies into a top position among suppliers of wholly-owned, royalty-free digital images.

"In an era when content is so vital to success, Hemera Technologies has moved from being a category leader to a global market leader in wholly-owned digital images," said Marc-Antoine Benglia, President and Co-chairman of Hemera Technologies Inc. "The acquisition of GraphicCorp as well as the premium and stock images is confirmation of Hemera Technologies' unique position in the market and will be the catalyst for exponential growth through e-business, OEM and retail sales channels."

As part of the transaction, Corel has obtained a 23 per cent equity interest in Hemera. The companies have also entered into agreements which allow Corel to maintain perpetual licences to use and distribute the image content in its products and online services. In addition, Corel and Hemera will collaborate to offer several online image content services, including Corel® Studio (www.corel.com/studio).

"This is an exciting opportunity for both Corel and Hemera," said Dr. Michael Cowpland, President and Chief Executive Officer of Corel Corporation. "GraphicCorp has performed well under Corel's ownership. It's now an ideal time for Corel to focus on its core brands. As a ‘pure play' in the image content space, Hemera is well positioned to benefit from the fast growth of the market and to expand the business by building relationships with key partners. As a shareholder, Corel expects to benefit greatly from Hemera's success moving forward."

"In just three years, Hemera Technologies has grown from a start-up into a company worth almost $100 million (Cdn)," said David Hood, Chief Executive Officer and Co-Chairman of Hemera Technologies Inc. "Through this acquisition and our ongoing business relationships with companies such as Corel, Hemera Technologies has the opportunity to build on an already vast worldwide customer base and to deliver a comprehensive solution of royalty-free digital images for both the business and professional user in the image content market."

"This deal represents one of the largest-ever acquisitions by western Quebec's growing technology sector and confirms Canada's leadership in digital image software development and distribution," concluded Mr. Hood.

Officials from Hemera and Corel will hold a joint news conference today at 3:00 p.m. to provide further information. The news conference will be held at Salle de presse, Maison du Citoyen, 25 Laurier Street, in Hull, Quebec. Attending the press conference will be David Hood, Marc-Antoine Benglia, Simon Gregoire from Hemera and Dr. Michael Cowpland from Corel.

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Hemera Technologies Inc.
Founded in 1997, Hemera Technologies is a privately owned company and creator of the HPI format for photo-objects. The Hemera family of products (Photo-Objects™, PhotoFont™, PhotoFont Maker™ and NetGraphics™) is recognized worldwide as a leader in the consumer-professional/business markets. Hemera has earned many industry awards including "Product of the Year" from PC Compatibles Magazine (France) in the category of Graphics and Multimedia, the "Excellence" award from Computer Publishing in the U.K. and "Editor's Choice" in PC Photo in the U.S. For more information, visit the company's Web site at www.hemera.com.

Corel Corporation
Corel Corporation is an internationally recognized developer of award-winning business productivity, graphics and operating system solutions on the Windows®, Linux®, UNIX®, Macintosh® and Java™ platforms. Corel also develops market-leading, Web-based solutions including applications, contents, e-commerce and online services. For access to these services and more information go to www.corel.com or www.corelcity.com. Corel is headquartered in Ottawa, Canada. Corel's common stock trades on the NASDAQ Stock MarketK under the symbol CORL and on the Toronto Stock Exchange under the symbol COR.

This news release contains statements that are forward looking as that term is defined by the United States Private Securities Litigation Reform Act of 1995. These statements are based on current expectations that are subject to risks and uncertainties. Actual results will differ due to factors such as 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.

Hemera Technologies Inc. is a privately held company incorporated in the Province of Quebec (Canada). Corel and the Go further logo are trademarks or registered trademarks of Corel Corporation or Corel Corporation Limited. All other products, fonts, company names and logos are trademarks or registered trademarks of their respective owners.

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