Moore Corporation Completes US$70.5 Million Issue

Moore Corporation Limited (Moore) announced on December 21, 2000, the completion of the issue of US$70.5 million of subordinated convertible debentures to Chancery Lane/GSC Investors, LP, a private equity vehicle led by Theodore Ammon, former general partner of Kohlberg Kravis Roberts & Co. and founder of Big Flower Press Holdings, Inc., and GSC Partners, a private investment firm. If fully exercised, the conversion feature will entitle the holders of the debentures to acquire approximately a 19.7 per cent interest in Moore.

In connection with the investment, Moore appointed Theodore Ammon, Alfred C. Eckert III and two additional independent directors to the board of directors of Moore. Moore also appointed Robert Burton, former Chairman and Chief Executive Officer of World Color Press, Inc. as its President and Chief Executive Officer. The investment by Chancery Lane/GSC Investors, LP, in Moore represented the culmination of a review of Moore’s strategic options initiated by the board of directors early in 2000.

In Canada, Moore is represented by Osler, Hoskin & Harcourt LLP, with a team comprised of Clay Horner, Randall Pratt and Paolo Berard (corporate), David Tetreault and Julie Colden (tax). US advice is provided by Robert Spatt, Robert Goldbaum and Ruth Ziegler (corporate) of Simpson Thacher & Bartlett.

Acting for Chancery Lane/GSC Investors in Canada are a team from Davies Ward Phillips & Vineberg LLP, including J-P. Bisnaire and Timothy Moran (corporate), and John Zinn (tax). US representation is provided by Sullivan & Cromwell, with a team comprised of Joseph Frumkin, Robert Downes and David Ellis (corporate).

Lawyer(s)

David T. Tetreault Robert E. Spatt J-P. Bisnaire Robert D. Goldbaum Joseph B. Frumkin John Zinn G. Paolo Berard Ruth A. Ziegler Timothy H. Moran Randall W. Pratt Julie A. Colden Robert Wilson Downes Clay Horner

Firm(s)

Kohlberg Kravis Roberts & Co. Osler, Hoskin & Harcourt LLP Osler, Hoskin & Harcourt LLP Simpson Thacher & Bartlett LLP Davies Ward Phillips & Vineberg LLP Sullivan & Cromwell LLP Sullivan & Cromwell LLP