Magellan Acquisition Corp., a wholly-owned subsidiary of Pitney Bowes, merged
with and into MapInfo. In connection with the merger, MapInfo has changed its
name to PB MapInfo Corporation. The merger followed the successful completion by
Magellan Acquisition Corp. of a tender offer for all outstanding shares of
MapInfo at $20.25 net per share in cash which was completed at 12:00 Midnight,
New York City time, on April 18, 2007. As a result of the merger, all
outstanding shares of MapInfo, other than those held by holders who demand
appraisal rights, have been converted into the right to receive $20.25 in cash,
without interest (the same price paid in the tender offer). MapInfo stockholders
whose shares were not validly tendered and accepted for payment in the tender
offer will receive a Notice of Merger and a Letter of Transmittal that will
instruct them on how to receive the merger consideration, and a Notice of
Appraisal Rights under the Delaware General Corporation Law. In order to
accomplish the merger as a “short-form” merger, Magellan Acquisition Corp.
exercised a “top-up” option pursuant to the merger agreement which permitted it
to purchase a limited number of additional shares directly from MapInfo for
$20.25 per share (the same purchase price paid in the offer).

Pitney Bowes provides the worlds most comprehensive suite of mailstream
software, hardware, services and solutions to help companies manage their flow
of mail, documents and packages to improve communication. Pitney Bowes, with
$5.7 billion in annual revenue, takes an all-inclusive view of its customers
operations, helping organizations of all sizes enjoy the competitive advantage
that comes from an optimized mailstream. The companys 87 years of technological
leadership have produced many major mailstream innovations, and it is
consistently on the Intellectual Property Owners Associations list of top U.S.
patent holders. With approximately 35,000 employees worldwide, Pitney Bowes
serves more than 2 million businesses through direct and dealer operations. More
information about the company can be found at www.pb.com.