TORONTO, ON -- 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.

-XXX-


Media Contacts:
Laura Mergelas, Xerox Canada, 416-733-6216, laura.mergelas@xerox.com
Mike Moeller, Xerox Canada, 203-849-2469, michael.moeller@xerox.com

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 information.

Note: For more information on Xerox, visit http://www.xerox.com or http://www.xerox.com/citizenship . For open commentary and industry perspectives visit http://www.xerox.com/blogs or http://www.xerox.com/podcasts
Xerox, High Yield Business Paper™, the Xerox wordmark and the spherical connection symbol are trademarks of Xerox Corporation in the United States and/or other countries.