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Feb 1, 2005

Adobe Systems Increases Q1 2005 Financial Targets

Press Release: SAN JOSE, Calif. — February 1, 2005 — Adobe Systems Incorporated (Nasdaq:ADBE) today provided its regular intra-quarter business update for its first quarter of fiscal 2005, which ends March 4, 2005.

In its business update, Adobe increased its first quarter financial target ranges to the following: revenue of $450 to $470 million, and earnings per share of $0.47 to $0.51. Adobe’s prior target ranges, provided on December 16, 2004, were revenue of $435 to $455 million, and earnings per share of $0.45 to $0.48.

Adobe attributed the increased targets to greater than expected revenue thus far in the quarter for its new Acrobat 7.0 product family, which is shipping in all major languages. The Company also indicated Adobe Creative Suite and CS product momentum continues. Adobe further indicated it is experiencing solid demand in all of its major geographic markets.

The Company plans to report its first quarter fiscal 2005 results on March 17, 2005 after the market closes.

Forward Looking Statements Disclosure

This press release contains forward looking statements, including those related to revenue, geographic markets, and earnings per share, which involve risks and uncertainties that could cause actual results to differ materially. Factors that might cause or contribute to such differences include, but are not limited to: adverse changes in general economic or political conditions in any of the major countries in which Adobe does business, delays in development or shipment of the Company’s new products or major new versions of existing products, introduction of new products by existing and new competitors, failure to successfully manage transitions to new business models or markets, failure to anticipate and develop new products in response to changes in demand for application software, computers and printers, intellectual property disputes and litigation, changes to the Company’s distribution channel, the impact of malicious code, such as worms and viruses, on the Company’s computer network and applications, interruptions or terminations in the Company’s relationships with turnkey assemblers, risks associated with international operations, fluctuations in foreign currency exchange rates, changes in accounting rules and regulations, unanticipated changes in tax rates, market risks associated with the Company’s equity investments, and the Company’s inability to attract and retain key personnel. For further discussion of these and other risks and uncertainties, individuals should refer to the Company’s SEC filings, including the 2004 annual report on Form 10-K and quarterly reports on Form 10-Q filed in 2005. The Company does not undertake an obligation to update forward looking statements.

About Adobe Systems Incorporated:

Adobe is the world’s leading provider of software solutions to create, manage and deliver high-impact, reliable digital content.

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