Corporate Backgrounder

Company Overview
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. Recognized worldwide for its customer-driven approach to developing its wide array of award winning products, Lexmark is meeting the demanding and constantly changing workflow management needs of today's businesses, and the performance and convenience demands of home-printing consumers.

Since the company was launched in 1991, Lexmark's commitment to innovation, ownership of technology and a unique path to market have been the ingredients of operational and financial success. An industry trendsetter, Lexmark was the first company to market 4800 x 1200 dots per inch (dpi) and 3600 x 1200 dpi resolutions, develop 1200 dpi laser and inkjet printers, produce standalone photoprinters, and offer a sub-US$100 inkjet printer. These innovations formed the foundation of Lexmark's reputation for quality and leadership that led to substantial market share gains in recent years. Consequently, Lexmark has been transformed from an ambitious start up to a US$4.4 billion enterprise (FY2002). The company has reported compounded annual revenue growth of 12 percent over the past five years, and has seen earnings per share increase from 58 cents (split adjusted) in 1996 to US$2.79 in 2002. Shareholders have responded to that financial success with an increase in share price since going public (NYSE: LXK) in November 1995 that significantly outpaced the S&P500 during that period.

Lexmark's long-term growth prospects are fueled by several market and industry trends, including rapid expansion in emerging markets such as Latin America and Asia Pacific, the explosion of colour printing in the office, and the impact of the Internet as a vehicle for commerce and a catalyst for increased printing trends.

Unlike some of its competitors, Lexmark develops and owns the technology inside its products, giving the company a competitive edge and allowing the company to reduce research and development time between product introductions. This also allows for the timely integration of customer input into product design and development.

Executive Management
Chairman and CEO – Paul J. Curlander
Executive Vice President and CFO – Gary E. Morin
Vice President & President,
Printing Solutions and Services Division – Paul A. Rooke
Vice President & President, Consumer Printer Division – Tim P. Craig
Vice President, Asia Pacific and Latin America – David L. Goodnight
Vice President, Customer Services – Najib Bahous
Vice President, Human Resources –Jeri Stromquist
Vice President, General Counsel and Secretary – Vincent J. Cole

Divisional Structure
Lexmark's global printing solutions business is aligned to best serve the needs of its expanding customer bases, with products and services being developed and marketed through two primary business divisions:

Consumer Printer Division (CPD) Develops and delivers innovative, easy-to-use and affordable colour inkjet products for homes, home offices and home offices.

Printing Solutions and Services Division (PS&SD) Delivers high-powered solutions, services and supplies that meet or exceed the needs of customers ranging from the small office to the large corporate enterprise.

Environmental Consciousness and Community Involvement
Lexmark takes seriously its responsibility to the environment and the communities in which it operates. Lexmark practices conservation and seeks to recycle materials, purchase recycled materials and use recyclable packaging. Lexmark's Operation ReSource and Prebate programs help keep materials out of landfills. The company's involvement with United Way, Habitat for Humanity, the YMCA and many other organizations reflect Lexmark’s community commitment. Lexmark’s employees worldwide donate their time, talent and financial support to a great number of worthy endeavors.