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Macromedia Completes Purchase of Allaire

Press release from the issuing company

San Francisco, California —March 20, 2001—Macromedia, Inc. (NASDAQ: MACR) today announced the completion of its merger with Allaire Corporation, a leading provider of software for companies building their business on the Web. Macromedia previously announced a definitive agreement to merge with Allaire on January 16, 2001. The transaction brings together market-leading server, development and playback software to make building professional Web sites more efficient, affordable, and accessible.