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Xerox Workplace, Corporate Citizenship Efforts Earn Top Accolades from Three Publications

Press release from the issuing company

STAMFORD, Conn.--April 12, 2005-- Xerox Corporation's dedication to diversity, workplace opportunity and social responsibility has earned honors in three major surveys this spring: DiversityInc magazine's "Top 50 Companies for Diversity," Business Ethics magazine's "100 Best Corporate Citizens," and ESSENCE magazine's "35 Great Places to Work" list for African-American women. The DiversityInc list, announced yesterday, ranks Xerox No. 7 among the 2005 "Top 50 Companies for Diversity," up from the No. 10 ranking it held each of the past two years. In addition to the "Top 50," Xerox was recognized on three related DiversityInc lists: No. 4 on the "Top 10 Companies for African Americans"; No. 5 on the "Top 10 Companies for Recruitment and Retention"; and No. 9 on the "Top 10 Companies for Supplier Diversity." "How well a company manages its hiring, recruitment and retention practices directly affects its competitive edge," said Luke Visconti, partner and co-founder of DiversityInc. "Xerox's substantive employee programs ensure that its pipeline is full of top talent who want to build a future with the company because they are treated well and prepared for advancement through proper succession planning." DiversityInc used 230 questions to perform an empirical analysis of corporate diversity management and planning, focusing on four key areas: communications, CEO commitment, employee demographics and supplier diversity. More than 200 companies participated in the fifth annual survey. The full results will appear in the June issue of DiversityInc, a magazine that focuses on the business benefits of diversity. Diversity, philanthropy and related activities also led Xerox to a No. 10 ranking in Business Ethics magazine's 2005 list of the nation's "100 Best Corporate Citizens," announced April 7. "The sixth annual list identifies those companies that excel at serving a variety of stakeholders well - and since over 1,000 companies are considered, it's a significant achievement for Xerox Corporation to be selected," said Michael Connor, publisher and executive editor, Business Ethics. Business Ethics and KLD Research & Analytics, a Boston-based social research firm, weigh eight factors to compile the "100 Best" list: return to stockholders, community, governance, diversity, employees, environment, human rights and product. The full report is published in the Spring 2005 issue of Business Ethics. Finally, Xerox is among 35 companies singled out in ESSENCE magazine's 35th anniversary May issue for commitment to recruiting, welcoming and mentoring African-American women. ESSENCE named Xerox to its third annual "35 Great Places to Work" list based on a survey of companies conducted in partnership with a Boston professional services firm. Six categories were explored, including organizational commitment to diversity, career development and advancement, work-life balance, community involvement and support. "If you're looking for a job, or simply want to size up the one you have, this year's list is a good place to start," editors said. It is the second year that Xerox's work environment has been honored by ESSENCE. Xerox has been frequently acknowledged as a top employer for its workplace opportunities and practices as well as its commitment to diversity and social responsibility. Earlier this year, Xerox was ranked No. 2 in the computers industry on Fortune magazine's "Global Most Admired Companies" list, and No. 1 in the computers industry in the "social responsibility" category.

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