Bowne Reports Increases in Revenue, Profit in Fourth Quarter

Cost Reduction Initiatives: During 2009, the Company implemented initiatives to reduce its workforce and facilities as part of its continued focus on improving its cost structure and realizing operating flexibility and efficiency. These cost reductions were in addition to the cost savings initiatives taken during 2008, which continue to positively impact this year's operating results. The Company achieved approximately $60 million in cost savings in 2009 from these initiatives, with approximately $10 million of incremental savings expected from these initiatives in 2010.