STAMFORD, Conn.--(BUSINESS WIRE)--Jan. 11, 2001--Pitney Bowes Inc. (NYSE: PBI) today announced the acquisition of Shell Services International Inc.'s Services Integration Group, L.P. (SIG) by Pitney Bowes Management Services. SIG provides an integrated suite of Facilities Management, Document Management and Office Support services to Shell Oil Company and several of its affiliates, as well as other companies. The deal also includes a 49% limited partnership interest in Services Integration Group's minority-owned business Easi Document Integration, L.P. (EDI).

"More than ever, today's businesses seek new technology and revitalized processes to add increased productivity. Outsourcing provides companies the best of both worlds - by allowing customers to focus on their core business, while Pitney Bowes Management Services delivers the technology and process management support services they need to keep their mission-critical business operations running smoothly," said Karen M. Garrison, group president of Pitney Bowes Management Services.

With the acquisition of SIG, Pitney Bowes Management Services will assume responsibility for providing on-site and off-site outsourcing services valued at over $200 million to Shell Services International and other Shell affiliates. Included is a five-year contract with Shell Oil for the provision of facilities management services, further strengthening PBMS' position as a leading provider of world-class outsourcing services. Also included are contracts for mail and document management outsourcing services, and for office products and services, for Shell Oil Company, Shell Chemical Company, Shell Exploration and Production Company, Shell Energy Services Company as well as other Shell affiliates and companies in different industries. Pitney Bowes Management Services currently provides outsourcing services (on-site and off-site) to other utility/energy companies, high tech companies, large financial services organizations, Fortune 1000 companies and is the leader for the top national legal firms.

"I believe the combined resources of SIG and Pitney Bowes will be good for their customers and offer great growth opportunities," Gaurdie Banister, president, Shell Services International, Inc. stated.

"We are excited about the relationship we have created with Shell and the opportunity to serve a broad range of Shell affiliates and other businesses. Building on our strong business services heritage, we will provide a full range of document, mail and business solutions. These will include the processing and fulfillment of billing statements, facilities and property management, mail services, records management, reprographics, information services, office products and equipment, and other services." stated John Gilroy, vice president, Business Development and chief customer officer, Pitney Bowes Management Services.

Connecticut based Pitney Bowes Inc. is a $4.4 billion global provider of informed mail and messaging management. Pitney Bowes Management Services (PBMS), headquartered in Stamford, Connecticut and its Management Services group (PBMS) is a premier outsourcing partner providing integrated mail and document management. PBMS creates, produces, distributes and stores documents and messages in hardcopy and digital formats. On-site and national off-site capabilities include reprographics, copy centers, facsimile, records and information management, desktop publishing, mailroom and shipping management, digital print-on-demand, fulfillment, transactional billing statements and critical communications, electronic bill presentment and payment, secure internet delivery system, and other administrative services.

Shell Services International (SSI), Inc., as part of the SSI Group of Companies, provides world-class information technology (IT) services and IT-enabled business solutions to the Royal Dutch/Shell Group of Companies (Group). By applying proven consulting, information management and technology, SSI enables the Group to focus on its own core businesses and improve its business performance. For more information, please visit SSI at www.shellservices.com.

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