Xerox Canada Declares Dividend on Class A Shares

    TORONTO, Jan. 30 /CNW/ - Xerox Canada Inc.'s board of directors declared
a cash dividend on the Class A shares of $4.28376799 per share, for an
aggregate dividend payment of $128,500,000. Xerox Corporation owns all the
issued and outstanding Class A shares. The dividend will be payable on
February 8, 2008.

    This release contains forward-looking information that is subject to a
number of risks and uncertainties that could cause actual results to differ
materially from those set forth in, or implied by, such forward-looking

    Note to Editors: For more information on Xerox, visit or For open commentary and
industry perspectives, visit or

For further information:

For further information: Media Contacts: Laura Mergelas, Xerox Canada,
(416) 733-6216,; Mike Moeller, Xerox Corporation,
(203) 849-2469,

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