- 2004 Marks Fifth Consecutive Year on List -

STAMFORD, Conn., May 3 /PRNewswire-FirstCall/ -- Pitney Bowes Inc. (NYSE: PBI) announced today that it is included on Business Ethics magazine's list of the 100 Best Corporate Citizens for 2004. Now in its fifth year, the annual ranking identifies companies among the Russell 1000 -- the largest publicly traded companies -- that excel at serving a variety of stakeholders.

The ranking is based on quantitative measures of corporate service to seven stakeholder groups: stockholders, employees, customers, the community, the environment, overseas stakeholders, and women and minorities. Pitney Bowes is among 29 other companies that have made the list for all five years including Procter & Gamble, Hewlett-Packard, Avon Products, Ecolab, Herman Miller, Modine Manufacturing, Starbucks, Merck, Brady Corporation, and Sonoco.

"Pitney Bowes is committed to integrity, transparency, fairness and ethics, and we are investing resources to ensure that good practices continue to prevail as a part of our culture," notes Amy C. Corn, Vice President, Secretary and Chief Governance Officer, Pitney Bowes Inc. "As CGO, I am responsible for establishing the strategic architecture for the Corporate Safety and Environmental Affairs unit and the Corporate Compliance and Integrity Affairs unit. These two groups are essential in helping the company meet both our legal and policy requirements as well as demonstrating the company's philosophy on social responsibility. I am thrilled Pitney Bowes is being recognized for our efforts."

In addition to being named as one of the 100 Best Corporate Citizens, Pitney Bowes was recently ranked as the number one company for corporate diversity by DiversityInc.

Statistical analysis for the Business Ethics list was done by Sandra Waddock and Samuel Graves of the Carroll School of Management at Boston College in Chestnut Hill, Mass. Social ratings were provided by KLD Research & Analytics of Boston, a research firm serving socially responsible investors.

The 100 Best Corporate Citizens story will appear in the spring issue of Business Ethics, which for 17 years has been the premier publication for the movement to bring greater social responsibility into business. Free sample issues and subscriptions can be obtained by calling 800/601-9010. For more information, plus the full list and story, see http://www.business-ethics.com/100best.htm

Pitney Bowes is the world's leading provider of integrated mail and document management systems, services and solutions. The $4.6 billion company helps organizations of all sizes reduce costs, increase effectiveness and enhance customer relationships. The company's 80-plus years of technological leadership has produced many major innovations in the mailing industry and more than 3,500 active patents with applications in a variety of markets, including printing, shipping, encryption, and financial services. With approximately 33,000 employees worldwide, Pitney Bowes serves more than 2 million businesses through direct and dealer operations. More information about Pitney Bowes can be found at www.pb.com

     Contact:
     Christopher Tessier
     Manager, Public Relations
     203-351-7210
     Christopher.Tessier@pb.com
     www.pb.com

SOURCE  Pitney Bowes
    -0-                             05/03/2004
    /CONTACT:  Christopher Tessier, Manager, Public Relations of Pitney Bowes,
+1-203-351-7210, Christopher.Tessier@pb.com /
    /Web site:  http://www.pitneybowes.com
                http://www.business-ethics.com/100best.htm /
    (PBI)

CO:  Pitney Bowes; KLD Research & Analytics; Business Ethics magazine
ST:  Connecticut
IN:  OFP PUB
SU:  AWD

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0937 05/03/2004 09:13 EDT http://www.prnewswire.com