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Mail-Well Announces the Election of Four New Members to Its Board of Directors

Press release from the issuing company

ENGLEWOOD, Colo., Feb. 28 -- Mail-Well, Inc. today announced the election of the following to its Board of Directors: Mr. Thomas E. Costello, retired Chief Executive Officer of xpedx, a subsidiary of International Paper. Prior to joining xpedx in 1991, Mr. Costello was with Dixon Paper in a variety of executive positions including vice president of industrial marketing, industrial department manager, national accounts manager and director of packaging. He is also a past chairman of the National Paper Trade Association and serves on the boards of Intertape Polymer Group, Cadmus Communications Corporation and serves in the private corporate sector. Mr. Martin J. Maloney is the Chairman and co-founder of Broadford & Maloney Incorporated, the leading agency specializing in public relations, advertising and marketing communications for graphic arts related companies. Mr. Maloney is currently serving his thirteenth year as a board member for the New York University Center for Graphic Arts Management and Technology. Mr. David M. Olivier, retired Sr. Vice President of Wyeth Corporation, began his career with the Brunswick Corporation, and served as vice president of marketing of Brunswick's Sherwood Medical Group. Sherwood was acquired by American Home Products Corporation in 1982, and Mr. Olivier was named President of the North American Division in 1984. He served as President of Wyeth-International and was named Executive Vice President and Chief Operating Officer of the international pharmaceutical division of American Home Products Corporation in 1986. In 1996, Mr. Olivier was elected Sr. Vice President and retired in May 2002. Ms. Susan O. Rheney is a former principal of The Sterling Group from 1987 to 2001. The Sterling Group is an investment banking group specializing in leveraged buyout transactions and was a founder of Mail-Well. Ms. Rheney previously served on Mail-Well's Board of Directors from November 1993 to October 1997 and was employed by Deloitte Haskins & Sells from 1981 to 1985. She serves on the board of directors of American Plumbing & Mechanical, Inc., Genesis Energy LP, Texas Petrochemical Holdings, Inc. and is a member of the board of visitors of the University of Alabama, College of Business. "We are very pleased to welcome all of these people to our board of directors," said Paul Reilly, chairman, president and CEO of Mail-Well. "They each bring a wealth of business management experience to our board and will be a valued voice in helping shape the Company's future growth. We are pleased with the confidence they have shown in us by agreeing to serve, and we are delighted to have a ten member Board with nine non-employee members." W. Thomas Stephens has resigned from the Board and will not stand for reelection. All other current Directors, as well as the four new members, will be nominated for reelection at the Company's Annual Meeting of Shareholders to be held May 1, 2003.