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Courier Corporation Declares 3-for-2 Stock Split and Quarterly Cash Dividend

Press release from the issuing company

NORTH CHELMSFORD, Mass., July 19 - The Board of Directors of Courier Corporation, today declared a three-for-two split of its common stock. The split will be effected in the form of a 50% stock dividend to be distributed on August 31, 2001 to shareholders of record on August 10, 2001. In addition, the Board of Directors declared a quarterly cash dividend of 13.5 cents per pre-split share of common stock. The dividend will be paid on August 31, 2001, prior to the effect of the stock split, to shareholders of record on August 10, 2001. The amount of the dividend is the same as that declared in the previous quarter. Following the stock split, there will be approximately 5 million shares outstanding. About Courier Corporation Courier Corporation publishes, prints and sells books. Headquartered in North Chelmsford, Mass., Courier has three lines of business: full-service book manufacturing, specialty publishing and customized education. For more information, visit www.courier.com.

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