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Lexmark expects fourth-quarter earnings to exceed previous guidance

Press release from the issuing company

LEXINGTON, Ky., Jan. 9 - Lexmark International, Inc. announced today that it expects a fourth-quarter 2002 year- over-year revenue growth rate of 5 to 6 percent and earnings per share of 88 to 90 cents, which includes a 3 cent benefit from the reversal of previously accrued restructuring charges. On Oct. 21, 2002, the company provided guidance for a year-over-year revenue growth rate in the low- to mid-single digits, and earnings per share in the range of 70 to 80 cents. For the first quarter of 2003, the company currently expects earnings per share to be in the range of 62 to 72 cents, compared to the 53 cents per share reported in the same period a year ago. The company will have no further comment on its fourth-quarter results or first-quarter guidance until its scheduled earnings announcement on Thursday, Jan. 23, 2003.