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Moore Affirms Q2 Guidance, Announces Print Contract With Scotiabank

Press release from the issuing company

MISSISSAUGA, Ontario & STAMFORD, Conn.--June 12, 2002--Robert G. Burton, Chairman, President and Chief Executive Officer of Moore Corporation Limited, confirmed today that he expects Moore to report earnings per share of at least $0.10 for the second quarter ending June 30, 2002. This earnings estimate is consistent with analyst expectations of earnings for the quarter. The company will be releasing second quarter results on July 24, 2002, following the close of the markets and will be holding a conference call and simultaneous web cast to discuss the results of the second quarter on July 25, 2002. Mr. Burton also announced continued success in Moore's sales efforts with the signing of a significant, multi-million dollar, and three-year strategic sourcing contract with Scotiabank. Under terms of the agreement, Moore will act as the strategic sourcing provider of traditional print, print on demand and print fulfillment solutions within Scotiabank's supply chain. Mr. Burton stated: "I feel very excited about the progress Moore continues to make on both the sales and operating fronts. The Scotiabank contract is another example of how our dedication to developing and providing one-stop print business solutions continues to yield results for our customers. By being the strategic sourcing provider of print and print fulfillment solutions for Scotiabank, we will help it manage and improve operating efficiencies and costs within its supply chain. We are proud to partner with Scotiabank as it continues to implement best practices within its business." Mr. Burton concluded: "I feel very good about the direction our company is heading and the progress it continues to make both for the company, our customers, our employees and our investors. I will reserve additional comment on our positive momentum and our business outlook for when we release our second quarter results on July 24, 2002."

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