Xerox Canada Inc. Declares Dividend on Class B Shares

    TORONTO, July 10 /CNW/ - Xerox Canada Inc.'s board of directors today
declared a quarterly cash dividend on the Non-Voting Exchangeable Class B
Shares. The dividend of the Canadian currency equivalent of 8.5 cents (U.S.)
per Non-Voting Exchangeable Class B Share will be payable on October 31 to
Xerox Canada Inc. shareholders of record on September 30. The Canadian
currency equivalent to U.S. currency will be determined based on the Bank of
Canada noon spot rate on September 30.

    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

    Xerox(R), the Xerox wordmark and the spherical connection symbol are
trademarks of Xerox Corporation in the United States and/or other countries.

    For more information on Xerox Canada, visit

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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