TORONTO, ON – Xerox Capital LLC, a limited life company organized under the laws of the Turks & Caicos Islands, today announced that it redeemed all of its issued and outstanding Canadian deferred preferred shares, Series A. The company paid a redemption amount of CDN$45.23 for each share. This includes the original issue price of CDN$25 per share plus a dividend premium of CDN$20.23 per share. The aggregate redemption price for all redeemed shares was approximately CDN$90.5M.

The shares will be delisted from the Toronto Stock Exchange effective today. Xerox Capital LLC is applying to the securities commissions of each Province to cease to be a reporting issuer.

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Media Contacts:

Christa Carone, Xerox Corporation, 203.968.4644, christa.carone@xerox.com

Wende Knapp, Xerox Corporation, 416.733.6050, wende.knapp@xerox.com

NOTE TO EDITORS: This release contains forward-looking statements and information relating to Xerox that are based on our beliefs as well as assumptions made by and information currently available to us. The words "anticipate," "believe," "estimate," "expect," "intend," "will" and similar expressions, as they relate to us, are intended to identify forward-looking statements. Actual results could differ materially from those projected in such forward-looking statements.

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