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Contact : Mark Yost

Lexmark International, Inc. (NYSE: LXK) today unveiled the Lexmark X422 , setting a new standard for workgroup multifunction products (MFPs).

The Lexmark X422 combines high performance and affordability making it ideal for workgroups, branch offices and small- and medium-size businesses (SMBs). The Lexmark X422 combines the functions these users need most – printing, copying, faxing and color scanning – into an affordable, space-saving, easy-to-use product. For the price of a single-function network printer, the Lexmark X422 is a fully integrated desktop MFP. Unlike more expensive walk-up digital copiers, the Lexmark X422 can be affordably located closer to users to enhance their productivity.

The company also announced the Lexmark Workgroup OCR Solution, which enables users to easily transform paper information into versatile, electronic documents that can be efficiently shared and used. When used with the Lexmark X422, this provides an easy-to-use workflow solution for workgroups and branch offices of large businesses and for SMBs. The Lexmark Workgroup OCR Solution, available separately, is also compatible with other Lexmark multifunction products.

“The Lexmark X422 and Workgroup OCR Solution are designed to take advantage of the growth occurring in the MFP market and the growing need for workflow improvement,” said Paul Rooke, Lexmark executive vice president and president of its Printing Solutions and Services Division. “They make it easier and more affordable for our customers to bring the full power of MFP functionality and workflow solutions to branch offices and closer to workgroups. And where the focus is on reducing cost by consolidating printers, copiers and fax machines, the X422 is the affordable answer."

Breakthrough Price Performance
At the price of a single-function network printer, the Lexmark X422 establishes a new standard in price performance for MFPs. The Lexmark X422 is ready to connect to the network and features an easy-to-use operator panel that can unleash the power of the Lexmark Document Solution Suite (sold separately) to streamline the flow of business information. To save time and reduce costs, the Lexmark X422 prints and copies at up to 22 pages per minute, features a 50-sheet automatic document feeder, Super G3 fax and standard duplexing.

Also available are a high-yield toner cartridge and optional additional paper drawer, both of which can further cut operating costs and enhance productivity. The Lexmark X422 is priced at $1,479.

Enhanced Productivity
Using the Lexmark Workgroup OCR Solution, converting paper documents to a digital format is just clicks away. Users simply insert the hard copy into the Lexmark X422, type in an e-mail address and a searchable PDF or Microsoft Word document is delivered electronically.

“The X422 is a product that will enhance productivity by streamlining workflow, minimize support costs by consolidating devices, and maximize ease of use with a powerful yet simple interface,” Rooke said. “The real difference is that it affordably meets the needs of our customers without sacrificing functionality. And with the Lexmark Workgroup OCR Solution, we're adding another new and powerful workflow tool into the Lexmark solutions portfolio.”

The Lexmark X422 is available immediately and the Lexmark Workgroup OCR Solution will be available in March 2004. More information can be found at www.lexmark.com/us/solutions/business/. For a full listing of authorized Lexmark solution providers, visit www.lexmark.com/us/products/catalog.

About Lexmark
Lexmark International, Inc. is a leading developer, manufacturer and supplier of printing solutions -- including laser and inkjet printers, multifunction products, associated supplies and services -- for offices and homes in more than 150 countries. Founded in 1991, Lexmark reported approximately $4.4 billion in revenue in 2002, and can be found on the Internet at www.lexmark.com.

Prices are estimated street prices in US dollars. Lexmark and Lexmark with the diamond design are trademarks of Lexmark International, Inc., registered in the U.S. and/or other countries. All other trademarks are the property of their respective holders.