Moody's Investors Service Changes Bowne's Outlook to Stable From Negative Following Debt Repayment

NEW YORK, NY--(Marketwire - August 18, 2009) - Bowne & Co., Inc. (NYSE: BNE), a global leaderin shareholder and marketing communications services, today announced thatMoody's Investors Service ("Moody's") changed the ratings outlook for Bowne& Co., Inc. to stable from negative following the application ofapproximately $60 million of equity proceeds to debt repayment.

Moody's also affirmed Bowne's corporate family rating of B1, affirmedBowne's probability of default rating of B1, and affirmed its subordinateconvertible bonds rating of B3. Moody's announced these actions yesterday.

About Bowne & Co., Inc.

Bowne & Co., Inc. (NYSE: BNE) provides shareholder and marketingcommunications services around the world. Dealmakers rely on Bowne tohandle critical transactional communications with speed and accuracy.Compliance professionals turn to Bowne to prepare and file regulatory andshareholder communications online and in print. Investment managers andthird party fund administrators count on Bowne's integrated solutions tostreamline their document processes and produce high quality communicationsfor their shareholders. Marketers look to Bowne to create and distributecustomized, one-to-one communications on demand. With 2,800 employees in 50offices around the globe, Bowne has met the ever-changing demands of itsclients for more than 230 years.