Mail-Well Extends Senior Credit Facility to 2008 ENGLEWOOD, Colo., March 31 /PRNewswire-FirstCall/ -- Mail-Well, Inc. announced today that it has entered into a Second Amended and Restated Credit Agreement with a group of lenders, which extends the term of its $300 million senior secured revolving credit facility to June of 2008, and provides additional flexibility to the company. The new agreement, which went into effect March 25, 2004, modified, relaxed or eliminated a number of financial covenants and requirements, reflecting the continued improvement in the company's credit profile. Bank of America, N.A. continues as administrative agent for the facility. (Logo: http://www.newscom.com/cgi-bin/prnh/19990429/MAILWELLLOGO ) "We appreciate the excellent relationship we have had with the lenders to this facility and feel that the facility's renewal will provide a platform for financial flexibility and continued growth and will support our strategic plans to strengthen our place in the visual communications industry," said Michel Salbaing, Mail-Well's Senior Vice President and Chief Financial Officer. The facility, which originally went into effect in June 2002, utilizes a borrowing base consisting of accounts receivable, inventory and equipment to determine availability at any given time. Mail-Well (NYSE:MWL), http://www.mail-well.com/, is one of North America's leading providers of visual communications with one-stop services from design through fulfillment. The company's broad portfolio of services and products include e-services, envelopes, offset and digital printing, as well as printed office products. The company is uniquely positioned by serving both direct customers through their commercial segment and wholesalers and value-added resellers through its resale segment. Mail-Well currently has approximately 10,000 employees and more than 80 printing and envelope locations plus five advanced fulfillment and distribution centers throughout North America. In early 2004, Mail-Well was voted second place in the printing and publishing category as Fortune Magazine's Most Admired Companies and ranked number five of the Russell 3000 companies on Corporate Governance Quotients by Institutional Shareholder Services. The company is headquartered in Englewood, Colorado. CONTACT: Mr. Michel P. Salbaing Senior Vice President and Chief Financial Officer Mail-Well, Inc. (303) 790-8023 NOTE: News Releases and otherinformation on Mail-Well can be accessed at http://www.mail-well.com/ http://www.newscom.com/cgi-bin/prnh/19990429/MAILWELLLOGO http://photoarchive.ap.org/ DATASOURCE: Mail-Well, Inc. CONTACT: Mr. Michel P. Salbaing, Senior Vice President and Chief Financial Officer of Mail-Well, Inc., +1-303-790-8023 Web site: http://www.mail-well.com/

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