New HD DVD Developments To Be Unveiled At The HD DVD Promotional Group's CES Press Event

January 12, 2007

Corel Corporation (NASDAQ:CREL) (TSX:CRE), a leading provider of digital media software, announced today that the HD DVD networking features made possible by the collaboration of Intel®, Microsoft Corp., Deluxe Digital Studios, Universal® and Corel's subsidiary, InterVideo®, will be demonstrated at CES. The demonstration will be given at the HD DVD Promotional Group's CES press event on Sunday, January 7th at 8:30 PM PST at the Venetian Hotel, Galileo Room 905. The new HD DVD technologies will deliver networking capabilities that are not available today on existing HD DVD discs. They will provide a special "download center" on the screen that will enable content owners, such as film studios and other entertainment providers to communicate directly with viewers via a networking protocol. This will enable users to download and unlock new content from an online server. It will also allow viewers to share collections of clips called "my scenes" with other viewers who own the same movie. Content owners will benefit from being able to quickly and seamlessly upsell additional timely content and other accessories to consumers. Representatives from the HD DVD Promotional Group will be on stage to demonstrate the new HD DVD features running on an Intel® Core™ 2 Duo based PC with content authored by Deluxe and provided by Universal. This specially authored title includes additional information on navigation and the location of the Deluxe server with the bonus content. Corel's subsidiary, InterVideo, provided an enhanced version of WinDVD® – the world's first PC HD DVD software – with support for the new networking capabilities and interactive menu system. About Corel Corporation Corel is a leading global packaged software company with over 40 million users. The Company provides full-featured, easy-to-use productivity, graphics and digital imaging software and enjoys a favorable market position among consumers and small businesses. The Company's award-winning product portfolio features popular, globally recognized brands, including CorelDRAW® Graphics Suite, Corel® Paint Shop Pro®, Corel® Snapfire™, Corel® Painter™, Corel DESIGNER®, Corel® WordPerfect® Office, WinZip® and iGrafx®. With hundreds of industry awards for leadership in software innovation, design and value, Corel's products have built a loyal following of customers and partners around the globe. Corel's products are sold in over 75 countries through an international network of resellers and retailers, original equipment manufacturers (OEMs) and Corel's global websites. Corel Corporation announced the completion of its acquisition of InterVideo, Inc., a leading provider of digital media authoring and playback software with a focus on high-definition video and DVD technologies, on December 12, 2006. In 2006, InterVideo acquired Ulead®, a leading developer of video imaging and DVD authoring software for desktop, server, mobile and Internet platforms. About Deluxe Deluxe Entertainment Services Group, Inc., a wholly-owned subsidiary of MacAndrews & Forbes Holdings Inc., is the leading provider of a broad range of entertainment industry services and technologies to major Hollywood Studios and an international client base. Services include motion picture film processing, printing and distribution; EFILM digital intermediates; post production and subtitling services; titles design and digital VFX; DVD compression, encoding and authoring; digital cinema services, digital asset management and digital distribution; and marketing fulfillment services. Deluxe facilities include: Los Angeles, Toronto, Montreal, London, Rome, Florence, Madrid, Barcelona, Bangalore and Moosic, Pennsylvania.

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