Corel Corporation Directors Ask Shareholders to Take No Action at This Time with Respect to the Tender Offer by Corel Holdings, L.P.

OTTAWA--(Business Wire)--
Corel Corporation (NASDAQ:CREL) (TSX:CRE) today announced that the directors
mandated by its Board of Directors to act as the Board with respect to all
matters related to a possible transaction with Vector Capital, the general
partner of Corel Holdings, L.P. ("CHLP"), will, in consultation with their
financial and legal advisors, review and evaluate the tender offer commenced on
October 28, 2009 by CHLP.

Under the terms of its tender offer, CHLP is seeking to acquire, subject to
certain conditions, all of the outstanding common shares of Corel not owned by
it for $(U.S.)3.50 per share in cash. CHLP owns approximately 67% of Corel`s
outstanding common shares on a fully-diluted basis.

The Board will disclose its recommendation, if any, to Corel shareholders within
10 business days of October 28, 2009 in accordance with Rule 14d-9 under the
Securities Exchange Act of 1934. Corel shareholders are urged to consider the
Board`s recommendation, if any, before taking any action with respect to CHLP`s
tender offer.

The directors mandated to act as the Board with respect to this matter are
Daniel T. Ciporin, Steven Cohen and Barry A. Tissenbaum. The Board has retained
Genuity Capital Markets as its financial advisor and Bennett Jones LLP and Kaye
Scholer LLP as its legal advisors. Corel has retained Woodside Counsel, P.C. as
a legal advisor.

About Corel

Corel is one of the world`s top software companies with more than 100 million
active users in over 75 countries. We develop software that helps people express
their ideas and share their stories in more exciting, creative and persuasive
ways. Through the years, we`ve built a reputation for delivering innovative,
trusted products that are easy to learn and use, helping people achieve new
levels of productivity. The industry has responded with hundreds of awards for
software innovation, design and value.

Our award-winning product portfolio includes some of the world`s most widely
recognized and popular software brands, including CorelDRAW Graphics Suite,
Corel Painter, Corel DESIGNER Technical Suite, Corel Paint Shop Pro Photo, Corel
VideoStudio, Corel WinDVD, Corel WordPerfect Office, WinZip, and the recently
released Corel Digital Studio 2010. Our global headquarters are in Ottawa,
Canada, with major offices in the United States, United Kingdom, Germany, China,
Taiwan and Japan.

© 2009 Corel Corporation. All rights reserved. Corel, CorelDRAW, Paint Shop Pro,
Painter, Corel DESIGNER, VideoStudio, WordPerfect, WinDVD, WinZip, Digital
Studio, iGrafx and the Corel logo are trademarks or registered trademarks of
Corel Corporation and/or its subsidiaries. All other product, font and company
names and logos are trademarks or registered trademarks of their respective
companies.

CRELF

Corel Corporation
Catherine Hughes, 613-728-0826 x1659
catherine.hughes@corel.com

Copyright Business Wire 2009