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Oce Combines its Largest U.S. Operating Companies

Press release from the issuing company

Chicago, IL, November 4, 2003 --Oce, a leading supplier of digital document management solutions, today announced that its two largest operating companies will be merged in a move to increase efficiency and improve customer service. Oce Printing Systems USA will be joined with Oce-USA into a single legal entity to be known as Oce North America effective December 1, 2003. The President and CEO of the new company will be Ronald E. Daly. The company will operate with two divisions, Oce Digital Document Systems and Oce Wide Format Printing Systems. Tom Long, who has been President of Oce Printing Systems USA, will be President of the Oce Digital Document Systems division. Malkon S. Baboyian, current President of Oce-USA, will be President of the Oce Wide Format Printing Systems division. The new company will be headquartered in Chicago. The Oce Digital Document Systems division will be based in Boca Raton, FL, and Oce Wide Format Printing Systems will be in Chicago. “This change brings us another step closer to the concept of One Oce. More and more of our large customers are seeking strategic partnerships with Oce to handle their document management on an enterprise-wide basis. These solutions require resources from the different divisions within the company. By aligning the divisions into one single legal entity operating on common systems, we are able to seamlessly deliver these complex solutions,” said Mr. Daly in making the announcement. “Also, we are able to reduce our costs by eliminating duplicated departments and the additional overhead of maintaining multiple corporations.” The two divisions within Oce North America will share basic services such as human resources, information systems, and finance. Each division will maintain its own marketing and sales organization. The Oce Digital Document Systems division provides document management solutions for the office, central reproduction departments, data centers, and production printing environments. The Oce Wide Format Printing Systems division provides wide format document management solutions for technical document and display graphics applications. Archer Management Services, a leading supplier of outsourcing solutions for document management, remains a wholly owned operating company of Oce-USA Holding. As a sister company to Oce North America, Archer is a leading supplier of on-site document management solutions and office support staffing, serving both Oce customers and organizations that are not using Oce devices or software.