Bowne & Co. Amends Its Convertible Subordinated Debentures

Bowne & Co. Amends Its Convertible Subordinated Debentures

NEW YORK, NY–(EMWNews – August 19, 2008) – Bowne & Co., Inc. (NYSE: BNE) today announced

it has amended the terms of its $75.0 million 5% Convertible Subordinated

Debentures (the “Notes”) and the related Indenture, dated September 24,

2003, by and between the Company and the Bank of New York Mellon (the

“Indenture”), by a First Supplemental Indenture.

This amendment provides the holders of the Notes with extended call

protection by eliminating the Company’s ability to redeem the Notes until

October 1, 2010, and also provides the holders with an additional

opportunity to require the Company to repurchase the Notes for cash on

October 1, 2010.

Additionally, the amendment increases the semi-annual cash interest

payments at a rate of 0.5%, per annum, to 5.5%, per annum, for interest

accruing for the period from October 1, 2008 through October 1, 2010.

The Company has sufficient capacity under its existing $150 million

revolving credit facility to repurchase all of the Notes, but has decided

to enhance the terms of the Notes to encourage holders not to exercise

their October 1, 2008 repurchase rights.

About Bowne & Co., Inc.

Bowne & Co., Inc. (NYSE: BNE) provides shareholder and marketing

communications services around the world. Dealmakers rely on Bowne to

handle critical transactional communications with speed and accuracy.

Compliance professionals turn to Bowne to prepare and file regulatory and

shareholder communications online and in print. Marketers look to Bowne to

create and distribute customized, one-to-one communications on demand. With

3,700 employees in 60 offices around the globe, Bowne has met the

ever-changing demands of its clients for more than 230 years. For more

information, please visit www.bowne.com