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X-Rite Chief Executive Officer Retired on Friday

Press release from the issuing company

GRANDVILLE, Mich.--March 10, 2003-- X-Rite announces the retirement of Chief Executive Officer Richard E. Cook, effective March 7, 2003. Mr. Cook became the President and Chief Operating Officer of X-Rite, Incorporated in June 1998, having previously served as a director of the Company. In January of 2000, Mr. Cook was named Chief Executive Officer. During Mr. Cook's tenure, the Company added to its traditional color measurement offerings with devices, systems and processes that measure light and shape. Chairman of the Board John E. Utley stated, "We thank Mr. Cook for his years of dedicated service to X-Rite, Incorporated, and wish him all the best for the future." He added, "Mr. Cook has provided leadership to the Company for nearly five years. The Board of Directors is confident in our future direction and in President Michael C. Ferrara. During Mr. Ferrara's tenure, he has gained the respect of the Board of Directors and the management and employees of the Company alike."