Courier Selected for Inclusion in Russell 3000 Index

Press release from the issuing company

NORTH CHELMSFORD, Mass.-July 1, 2002--Courier Corporation today announced that its common stock has been selected by the Frank Russell Company for inclusion in the Russell 2000 and Russell 3000 indices of publicly traded companies. The addition was the result of the Russell Company's annual reconstitution of its investment indices, which takes place on June 30 each year and remains in place for one year. "Courier's exceptional growth in total shareholder return over the past several years indicates that the market is responding positively to the five year string of strong operating results we have reported," said Courier Chairman and Chief Executive Officer James F. Conway. "Inclusion in these indices will provide further visibility and exposure for Courier common stock within the investment community." Membership in the Russell 3000 is determined strictly by market capitalization rankings and style attributes, rather than by subjective opinion or committee decisions. The annual reconstitution of the Russell indices captures the 3,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization to create the Russell 3000. The largest 1,000 companies in the ranking comprise the Russell 1000 while the remaining 2,000 companies become the Russell 2000.