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Xerox Expects to Raise $400 Million Through Senior Note Offering

Press release from the issuing company

STAMFORD, Conn.--Aug. 15, 2006-- Xerox Corporation expects to raise $400 million through a senior unsecured note offering announced today. Proceeds from the offering will be used to support the company's customer financing activities through unsecured debt and for general corporate purposes. The notes, which are due in 2017 and will be issued in U.S. dollars by Xerox, will be sold under the company's effective shelf registration statement. The offering is subject to market and other conditions.