Bowne & Co., Inc. (NYSE: BNE – News) announced today that it has entered into a definitive agreement to sell Bowne Global Solutions to Lionbridge Technologies, Inc. (Nasdaq: LIOX – News), a provider of globalization and testing services, for a total sale price with a value of at least $180 million.

Under the terms of the agreement, the consideration consists of at least $130 million in cash and 9.4 million shares of Lionbridge common stock. If the shares issued to Bowne do not have a value of $50 million at the time of closing, Lionbridge will issue a subordinated note to Bowne of up to $20 million to bring the value of the shares, together with the note, to $50 million. If the shares have a value greater than $68 million, the number of shares will be reduced so that the value is no greater than $68 million. Bowne will also receive one seat on the Lionbridge Board of Directors.

The Bowne Board of Directors is reviewing plans for the proceeds from the sale. Alternatives under review include further investment in the core businesses (including strategic acquisitions), debt retirement, share repurchases and/or cash dividends. Bowne currently has authorization for the buyback of up to $35 million of the company’s common stock.

The transaction is subject to customary closing conditions. Goldman, Sachs & Co. served as the financial advisor to Bowne.

The Company stated that its full-year guidance, regarding BGS’ revenue of $225 to $265 million and segment profit of $19 to $24 million, is unchanged from the outlook provided April 28, 2005.

Bowne has scheduled a conference call to discuss this transaction with investors on Tuesday, June 28 at 10:00 a.m. (Eastern Time). To join the webcast, log on to http://www.bowne.com. To access the call via telephone, please dial:

Domestic callers: (877) 502-9272

International callers: (913) 981-5581

A replay of the call will be available at http://www.bowne.com from 1 p.m., June 28, through midnight, July 12, 2005. To access the rebroadcast via telephone, please dial: (888) 203-1112 (domestic) or (719) 457-0820 (international); use passcode 3605414.

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