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Mail-Well Completes Sale of Senior Notes, $350 Million

Press release from the issuing company

ENGLEWOOD, Colo., March 13 - Mail-Well, Inc. today announced the completion of its private offering of $350 million principal amount of its 9 5/8% Senior Notes due 2012. The company is using the proceeds from the offering to repay a portion of its senior debt, including over $194 million of its secured term bank debt. In conjunction with this offering, the company obtained from its syndicate of banks an amendment to its existing banking agreement that will allow the company to set aside funds to retire its existing 5% convertible bonds when they come due November 2002. The notes initially will not be registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the notes. Mail-Well is engaged in the commercial printing, envelope, label and printed office products businesses.

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