Bowne Litigation Solutions: Consulting and software solutions, including DecisionQuest®, one of the nation's largest trial research firms, bring our clients fresh perspective resulting in better informed choices about strategies and tactics at every step in the litigation process.

Bowne & Co. combines these capabilities with superior customer service, newtechnologies, confidentiality and integrity to manage, repurpose anddistribute a client's information to any audience, through any medium, inany language, anywhere in the world. For more information, visit us atwww.bowne.com.

BOWNE & CO., INC. (NYSE: BNE) Condensed Consolidated Statements of Operations (Unaudited, Subject to Restatement)

For the Periods Ended Dec. 31,(in thousands, except ------------------------------------------per share information) Quarter Year -------------------- -------------------- 2005 2004 2005 2004 --------- --------- --------- ---------

Revenue $ 163,120 $ 154,120 $ 694,140 $ 671,351Expenses: Cost of revenue (107,278) (101,979) (449,764) (421,707) Selling and administrative (48,605) (50,078) (190,629) (198,742) Depreciation (7,195) (5,814) (26,120) (25,855) Amortization (235) (235) (940) (730) Gain on sale of building - - - 896 Restructuring, integration and asset impairment charges (5,661) (2,346) (10,410) (8,132) --------- --------- --------- --------- (168,974) (160,452) (677,863) (654,270) --------- --------- --------- ---------Operating (loss) income (5,854) (6,332) 16,277 17,081 Interest expense (1,367) (2,452) (5,160) (10,436) Loss on extinguishment of debt - (8,815) - (8,815) Loss on sale of marketable securities (7,890) - (7,890) - Other income (expense), net 1,523 (8) 2,839 860 --------- --------- --------- ---------(Loss) income from continuing operations before income taxes (13,588) (17,607) 6,066 (1,310)Income tax benefit (expense) 3,284 6,024 (6,474) (1,730) --------- --------- --------- ---------Loss from continuing operations (10,304) (11,583) (408) (3,040)Discontinued operations (see notes):(Loss) gain on sale of subsidiary (411) 31,552 3,015 31,552Loss from discontinued operations, net of tax (170) (157) (1,036) (1,008) --------- --------- --------- ---------Net (loss) income from discontinued operations (581) 31,395 1,979 30,544 --------- --------- --------- ---------Net (loss) income $ (10,885) $ 19,812 $ 1,571 $ 27,504 ========= ========= ========= =========

Loss per share from continuing operations: Basic $ (0.31) $ (0.32) $ (0.01) $ (0.08) Diluted $ (0.31) $ (0.32) $ (0.01) $ (0.08)

(Loss) earnings per share from discontinued operations: Basic $ (0.02) $ 0.87 $ 0.06 $ 0.85 Diluted $ (0.02) $ 0.87 $ 0.06 $ 0.85

Total (loss) earnings per share: Basic $ (0.33) $ 0.55 $ 0.05 $ 0.77 Diluted $ (0.33) $ 0.55 $ 0.05 $ 0.77

Weighted-average shares outstanding: Basic 33,144 35,956 34,251 35,898 Diluted 33,593 36,556 34,699 36,795

Dividends per share $ 0.055 $ 0.055 $ 0.22 $ 0.22

Note: On November 9, 2004, the Company sold its document outsourcingbusiness, BBS, to Williams Lea. The Condensed Consolidated Statements ofOperations for the 2004 periods have been reclassified to reflect theresults from this business as discontinued operations.

On September 1, 2005, the Company sold its globalization business, BGS, toLionbridge Technologies, and in January 2006, the Company sold itsDecisionQuest Discovery Services business. The Condensed ConsolidatedStatements of Operations for the current and prior periods has beenreclassified to reflect the results from these businesses as discontinuedoperations.

BOWNE & CO., INC. (NYSE: BNE) Segment Information (unaudited)

During the 2005 fourth quarter, the Company changed the way it reports andevaluates segment information. The Company's operations are now classifiedinto the following reportable business segments: Financial Print, Marketingand Business Communications, and Litigation Solutions. The Company hadpreviously reported Marketing and Business Communications (formerly BowneEnterprise Solutions) within its Financial Print segment. The Company'sprevious years' segment information has been restated to conform to the newpresentation.

Information regarding the operations of each business segment is set forthbelow. Performance is evaluated based on several factors, of which theprimary financial measure is segment profit. Segment profit is defined asgross margin (revenue less cost of revenue) less selling and administrativeexpenses, plus the Company's equity share of income (losses) associatedwith a joint venture investment in the Litigation Solutions segment.Segment performance is evaluated exclusive of interest, income taxes,depreciation, amortization, certain shared corporate expenses,restructuring, integration and asset impairment charges, gain on sale ofbuilding, other expenses and other income. Therefore, this information ispresented in order to reconcile to income from continuing operations beforeincome taxes. The Corporate/Other category includes (i) corporate expensesfor shared administrative, legal, finance and other support services whichare not directly attributable to the operating segments, (ii)restructuring, integration and asset impairment charges, and (iii) otherexpenses and other income.

For Periods Ended December 31, --------------------------------------------(in thousands) Quarter Year -------------------- -------------------- 2005 2004 2005 2004 -------- -------- -------- --------Revenues:Financial Print $146,741 $133,187 $625,128 $598,763Marketing and Business Communications 10,305 10,212 41,806 38,650Litigation Solutions 6,074 10,721 27,206 33,938 -------- -------- -------- -------- $163,120 $154,120 $694,140 $671,351 ======== ======== ======== ========Segment profit:Financial Print 13,995 9,607 78,815 80,519Marketing and Business Communications (2,251) (2,840) (7,877) (11,482)Litigation Solutions 511 2,487 3,269 4,859Corporate/Other (see detail below) (17,046) (18,360) (35,921) (38,185) -------- -------- -------- --------

(4,791) (9,106) 38,286 35,711 -------- -------- -------- --------Depreciation (7,195) (5,814) (26,120) (25,855)Amortization (235) (235) (940) (730)Interest (1,367) (2,452) (5,160) (10,436) -------- -------- -------- --------Loss (income) from continuing operations before income taxes $(13,588) $(17,607) $ 6,066 $ (1,310) ======== ======== ======== ========

Corporate/Other (by type):Shared corporate expenses $ (4,585) $ (7,008) $(19,188) $(22,062)Other income (expense), net 1,090 (191) 1,567 (72)Loss on extinguishment of debt - (8,815) - (8,815)Loss on sale of marketable securities (7,890) - (7,890) -Gain on sale of building - - - 896Restructuring charges, integration costs and asset impairment charges (5,661) (2,346) (10,410) (8,132) -------- -------- -------- -------- Total $(17,046) $(18,360) $(35,921) $(38,185) ======== ======== ======== ========

BOWNE & CO., INC. (NYSE: BNE) PRO FORMA SUPPLEMENTAL INCOME INFORMATION Reconciliation to Condensed Consolidated Statements of Operations (Unaudited, Subject to Restatement)

Pro forma supplemental income information, which is not prepared inaccordance with generally accepted accounting principles, excludesrestructuring, integration and asset impairment charges, the loss onextinguishment of debt, the loss on sale of marketable securities, and thegain on sale of building. The Company believes that presentation of thissupplemental information is useful to investors to evaluate performance incomparison to prior year's results. This pro forma supplemental informationis an alternative to, and not a replacement measure of, operatingperformance as determined in accordance with generally accepted accountingprinciples.

For the Periods Ended December 31 Quarter Year -------------------------------------------(in thousands, except per share information) 2005 2004 2005 2004 -------- -------- -------- --------

Loss from continuing operations $(10,304) $(11,583) $ (408) $ (3,040)Add back:Restructuring, integration and asset impairment charges (1) 5,053 1,453 8,127 5,092Loss on extinguishment of debt (2) - 5,642 - 5,642Loss on sale of marketable securities (3) 5,050 - 5,050 -Gain on sale of building (4) - - - (551) -------- -------- -------- --------(Loss) income from continuing operations, pro forma $ (201) $ (4,488) $ 12,769 $ 7,143 ======== ======== ======== ========

Loss per share from continuing operations: Basic $ (0.31) $ (0.32) $ (0.01) $ (0.08) Diluted $ (0.31) $ (0.32) $ (0.01) $ (0.08)(Loss) earnings per share from continuing operations --pro forma: Basic $ (0.01) $ (0.12) $ 0.37 $ 0.20 Diluted $ (0.01) $ (0.12) $ 0.37 $ 0.19Weighted-average shares outstanding Basic 33,144 35,956 34,251 35,898 Diluted 33,593 36,556 34,699 36,795

(1) In 2005, restructuring, integration and asset impairment charges of $5.7 million for the quarter and $10.4 million year-to-date are net of tax benefits of $0.7 million and $2.3 million, respectively. In 2004, the restructuring, integration and asset impairment charges of $2.3 million for the quarter and $8.1 million year-to-date, are net of tax benefits of $0.8 million and $3.0 million, respectively.

(2) Loss on extinguishment of debt of $8.8 million, net of taxes of $3.2 million.

(3) Loss on sale of Lionbridge shares of $7.9 million, net of taxes of $2.8 million.

(4) Gain on sale of building of $0.9 million, net of taxes of $0.3 million.

BOWNE & CO., INC. (NYSE: BNE) Supplemental Information (unaudited)

2005 ------------------------------------------------ Quarter Ended --------------------------------------(in thousands) Year Dec. 31 Sep. 30 Jun. 30 Mar. 31 -------- -------- -------- -------- --------Revenues:Financial Print $625,128 $146,741 $143,202 $188,438 $146,747Marketing and Business Communications 41,806 10,305 9,135 9,190 13,176Litigation Solutions 27,206 6,074 6,471 7,012 7,649 -------- -------- -------- -------- -------- $694,140 $163,120 $158,808 $204,640 $167,572 ======== ======== ======== ======== ========Segment profit:Financial Print 78,815 13,995 12,278 31,127 21,415Marketing and Business Communications (7,877) (2,251) (2,737) (2,160) (729)Litigation Solutions 3,269 511 666 1,004 1,088Corporate/Other (see detail below) (35,921) (17,046) (6,082) (7,214) (5,579) -------- -------- -------- -------- -------- 38,286 (4,791) 4,125 22,757 16,195 -------- -------- -------- -------- --------Depreciation (26,120) (7,195) (5,853) (6,547) (6,525)Amortization (940) (235) (235) (235) (235)Interest (5,160) (1,367) (1,200) (1,308) (1,285) -------- -------- -------- -------- --------Income (loss) from continuing operations before income taxes $ 6,066 $(13,588) $ (3,163) $ 14,667 $ 8,150 ======== ======== ======== ======== ========

Corporate/Other by (type):Shared corporate expenses $(19,188) $ (4,585) $ (4,329) $ (5,195) $ (5,079)Other income (expense), net 1,567 1,090 (160) (488) 1,125Loss on extinguishment of debt - - - - -Loss on sale of marketable securities (7,890) (7,890) - - -Gain on sale of building - - - - -Restructuring charges, integration costs and asset impairment charges (10,410) (5,661) (1,593) (1,531) (1,625) -------- -------- -------- -------- --------Total $(35,921) $(17,046) $ (6,082) $ (7,214) $ (5,579) ======== ======== ======== ======== ========

2004 ------------------------------------------------ Quarter Ended --------------------------------------(in thousands) Year Dec. 31 Sep. 30 Jun. 30 Mar. 31 -------- -------- -------- -------- --------Revenues:Financial Print $598,763 $133,187 $121,824 $186,902 $156,850Marketing and Business Communications 38,650 10,212 8,166 7,599 12,673Litigation Solutions 33,938 10,721 6,440 8,903 7,874 -------- -------- -------- -------- -------- $671,351 $154,120 $136,430 $203,404 $177,397 ======== ======== ======== ======== ========Segment profit:Financial Print 80,519 9,607 10,044 34,906 25,962Marketing and Business Communications (11,482) (2,840) (3,618) (3,625) (1,399)Litigation Solutions 4,859 2,487 99 1,061 1,212Corporate/Other (see detail below) (38,185) (18,360) (5,078) (5,398) (9,349) -------- -------- -------- -------- -------- 35,711 (9,106) 1,447 26,944 16,426 -------- -------- -------- -------- --------Depreciation (25,855) (5,814) (6,622) (6,617) (6,802)Amortization (730) (235) (165) (165) (165)Interest (10,436) (2,452) (2,593) (2,701) (2,690) -------- -------- -------- -------- --------Income (loss) from continuing operations before income taxes $ (1,310) $(17,607) $ (7,933) $ 17,461 $ 6,769 ======== ======== ======== ======== ========

Corporate/Other by (type):Shared corporate expenses $(22,062) $ (7,008) $ (4,241) $ (5,754) $ (5,059)Other income (expense), net (72) (191) (48) 100 67Loss on extinguishment of debt (8,815) (8,815) - - -Loss on sale of marketable securities - - - - -Gain on sale of building 896 - - 896 -Restructuring charges, integration costs and asset impairment charges (8,132) (2,346) (789) (640) (4,357) -------- -------- -------- -------- --------Total $(38,185) $(18,360) $ (5,078) $ (5,398) $ (9,349) ======== ======== ======== ======== ========

Investor Relations Contact:William J. CooteTreasurer212-658-5858Email Contact

Bowne & Co., Inc.55 Water Street212/924-5500Fax: 212/658-5871

SOURCE: Bowne & Co., Inc.

Source: marketwire