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Moore Affirms Third Quarter and Full Year Guidance

Press release from the issuing company

MISSISSAUGA, Ontario & STAMFORD, Conn.--Sept. 16, 2002--Robert G. Burton, Chairman, President and Chief Executive Officer of Moore Corporation Limited, today stated that he expects Moore to report earnings per share of at least $0.12 for the third quarter ending September 30, 2002. This estimate is consistent with analyst expectations of earnings for the quarter. The company will be releasing its third quarter results on October 23, 2002, following the close of the markets and will be holding a conference call and simultaneous web cast to discuss third quarter results at 10:00am EDT on October 24, 2002. Mr. Burton stated: "Based on our current sales momentum and our continued focus on cost reduction, I expect that Moore will report improved year over year results for the third quarter. I remain comfortable with the First Call earnings estimate of $0.12 per share for the third quarter. Also, based on our current sales backlog and visibility into the fourth quarter, I remain comfortable with the First Call full year earnings estimate of $0.51 per share. I will be able to comment with much more detail on Moore's business outlook in October when we release our third quarter results." Moore Corporation Limited is the third largest diversified commercial printer in North America. Moore operates in three complementary business segments: Forms and Labels, Outsourcing and Commercial. The Forms and Labels business designs, manufactures and sells paper based and electronic business forms and labels and provides electronic print management solutions. The Outsourcing business provides high quality, high volume variably imaged print and mail, electronic statement and database management services. The Commercial business produces high-quality, multi-color personalized business communications and provides direct marketing services, including project, database and list management services. The Moore Internet address is www.moore.com