CE Software, Inc. - Press Releases & Announcements

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Announcement - posted on January 31, 2001.

Corrected 1099-DIV statements to be issued.

A corrected 1099-DIV will be issued to replace the 1099-DIV you may have already received indicating CE Software, Inc. as the payer. Please disregard the first 1099-DIV as the corrected version will show the payer as Lightning Rod Software, Inc. (formerly CE Software Holdings, Inc.)

This 1099-DIV is the result of a dividend paid by CE Software Holdings, Inc. as of the close of business on April 28, 2000. On this date CE Software Holdings distributed one share of CE Software, Inc. for each share of CE Software Holdings that you owned. This dividend was valued at 18.7 cents per share.

Your cost basis of your CE Software, Inc. shares is equal to the taxable value of this dividend, that is, 18.7 cents per share. There is no reduction in your cost basis of your shares of CE Software Holdings as a result of this dividend.

Subsequent to the payment of this dividend, Lightning Rod Software, Inc. was merged into CE Software Holdings. CE Software Holdings then changed its name to Lightning Rod Software, Inc.

Example: A shareholder who owned 100 shares of CE Software Holdings at the close of business on April 28, 2000 for which he may have paid $3.00 per share received a dividend of 100 shares of CE Software, Inc. After the merger the shareholder would own 100 shares of Lightning Rod Software, Inc. (Nasdaq SC: LROD) with a total cost basis of $300.00, and 100 shares of CE Software, Inc. (OTC BB: CESW) with a total cost basis of $18.70.

For more information, please visit the companiesí Web sites: www.lightrodsoft.com and www.cesoft.com. If you have further questions, contact Scott Bruflodt, Controller of Lightning Rod Software, at 952/837-4042.

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