Ottawa, Canada – Aug 2, 2001
Corel Corporation (NASDAQ: CORL, TSE: COR) announced today that WordPerfect® Family Pack 3 is now available in stores across North America. This easy-to-use yet powerful collection of software applications is designed to meet the home computing needs of all the members of a household. WordPerfect Family Pack 3 is available at the affordable suggested retail price of US $99* (Can $149*).

"Following on the success of WordPerfect Family Pack 1 and 2, we are especially excited about the new additions to this latest offering, including industry leading virus scanning and Internet filtering applications," said Graham Brown, executive vice-president for the business applications group. "Dedicated to meeting the needs of our customers, this package provides the security and peace of mind they demand when their families are using the Internet."

Applications Included in WordPerfect Family Pack 3: Task Manager, WordPerfect® 9, Quattro® Pro 9, Corel Print House™ 5, Corel Photo House™ 5, Compton's® Interactive World Atlas™, Mavis Beacon Teaches Typing® 11, McAfee VirusScan, and Internet content filter, CYBERsitter® 2000.

Features and benefits included in WordPerfect Family Pack 3

Task Manager: the Task Manager acquaints users with the applications in WordPerfect Family Pack 3 and helps them design a variety of projects from budgets and reports to organizing a CD collection or adding special effects to letters and greeting cards. The Task Manager also offers users a number of templates and other resources to create and format documents quickly and easily. WordPerfect 9: provides powerful word-processing capabilities to create polished résumés, letters, newsletters, as well as high-quality reports and papers for all occasions. Complete with Reveal Codes, it is the ideal tool for true control over highly structured documents.

Quattro Pro 9: from creating personal budgets to complex data analysis, this versatile spreadsheet program enables users to manage, analyze, report and share data. Quattro Pro 9 is the spreadsheet for creating family budgets, calculating payment schedules, and organizing and keeping track of important information.

Corel Print House 5: enables users to create a wide range of graphics projects, from greeting cards and banners to party themes and more. Easy-to-use templates give users the ability to choose from thousands of clipart images – adding the perfect finishing touch.

Corel Photo House 5: is a powerful bitmap-based, image-editing and painting program that is ideal for retouching photos from a digital camera, working with scanned images, editing clipart and creating original artwork.

Mavis Beacon Teaches Typing 11: this industry leading program from The Learning Company makes it easy for children and adults to learn to type or improve their typing skills. This application is ideal for people of all age and skill levels.

Compton's Interactive World Atlas: this educational program from The Learning Company provides users with a multimedia atlas, turning the home PC into a powerful reference tool. Explore the world from your computer.

McAfee VirusScan: industry leading software from McAfee is designed to safeguard your computer against virus attacks from virtually any source.

CYBERsitter 2000: protect your children from objectionable material on the Internet with one of the market's leading Internet filtering products.

Minimum System Requirements:

• Windows® 95B, Windows 98SE, Windows 2000, Windows Me or Windows XP
• 486 PC, 66 MHz processor
• 16 MB RAM (32 MB RAM recommended)
• 140 MB hard disk space (260 MB typical install)
• CD-ROM drive
• SVGA (800 x 600 or higher) monitor
• Mouse or tablet

• Windows® 95B, Windows 98SE, Windows 2000, Windows Me or Windows XP
• Pentium®166 MHz processor or higher
• 32 MB RAM
• 440 MB hard disk space
• 4X CD-ROM drive
• SVGA (800 x 600 or higher) monitor
• 16-bit compatible sound card with speakers
• Mouse or tablet

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Corel Corporation
Corel Corporation provides its customers with the creative tools they need to unleash their imaginations. With its heritage of software innovation and a solid franchise of loyal customers worldwide, Corel has earned its reputation as an internationally recognized developer of award-winning graphics and business productivity applications on the Windows®, Macintosh®, Linux® and UNIX® platforms. In 2001, Corel will continue to expand its support of the Web, delivering the Internet's versatility to customers through exciting Web-based applications, content and services. Corel will also be developing applications for Microsoft's .NET platform as part of its commitment to provide customers with a full range of applications and services over the Internet. With its headquarters in Ottawa, Canada, Corel continues to be one of Silicon Valley North's most exciting and influential software companies. Corel's common stock trades on the NASDAQ Stock Market under the symbol CORL and on the Toronto Stock Exchange under the symbol COR. For more information on Corel Corporation, please visit www.corel.com.

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.

Corel, the Corel logo, WordPerfect, Quattro Pro, Corel Print House, and Corel Photo House are trademarks or registered trademarks of Corel Corporation or Corel Corporation Limited. All other product, font, company names and logos are trademarks or registered trademarks of their respective companies.