SOURCE: Bowne & Co., Inc.

January 16, 2007 10:40 ET

Bowne Completes Acquisition of St Ives Financial

NEW YORK, NY -- (MARKET WIRE) -- January 16, 2007 -- Bowne & Co., Inc. (NYSE: BNE), a leader in financial, marketing and business communications services, today announced that it has completed the acquisition of St Ives Financial, the financial print division of St Ives plc, for $8.2 million in cash. The acquisition, which was originally announced on December 20, 2006, is expected to be accretive to Bowne's 2007 earnings.

St Ives Financial's operations in New York, Philadelphia, London, Tokyo and Luxembourg will join Bowne's existing network of 60 worldwide facilities. Through a strategic alliance with St Ives plc, a worldwide printing and media group, Bowne will have exclusive access to St Ives' printing capabilities for capital market and mutual fund financial print throughout the United Kingdom.

The acquisition adds approximately $34 million in revenue and expands Bowne's position in the Public Limited Company (PLC) market and the European investment management marketplace, where St Ives Financial has a well-established reputation among significant blue-chip clients. The transaction also gives Bowne an immediate presence in Luxembourg and greatly expands the company's presence in Philadelphia, a key domestic market.

Bowne has scheduled a conference call to discuss this transaction with investors today, Tuesday, January 16, at 11:00 a.m. (Eastern Time). To join the webcast, log on to To access the call via telephone, please dial: (800) 910-5497 (domestic) or (973) 935-8450 (international), Conference ID #: 8283074.

Forward-Looking Statements

The company noted that forward-looking statements concerning future performance like those contained in this press release, are, of course, subject to factors which could cause actual results to differ materially from those suggested here, including demand for and acceptance of the company's services, new technological developments, competition, annualized revenue, and general economic or market conditions.

About Bowne & Co., Inc.

Bowne & Co., Inc. (NYSE: BNE) provides financial, marketing and business communications services around the world. Dealmakers rely on Bowne to handle critical transactional communications with speed and accuracy. Compliance professionals turn to Bowne to prepare and file regulatory and shareholder communications online and in print. Marketers look to Bowne to create and distribute customized, one-to-one communications on demand. With 3,200 employees in 60 offices around the globe, Bowne has met the ever-changing demands of its clients for more than 230 years. For more information, please visit

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