Pitney Bowes Named one of the 'World's Most Ethical Companies'

Ethisphere Magazine Cites Company's Exemplary Standards

STAMFORD, Conn., May 10, 2007 - Pitney Bowes Inc. (NYSE: PBI) was named one of the Worlds Most Ethical Companies by Ethisphere Magazine, a national publication dedicated to illuminating the important correlation between ethics and profit. The elite list of companies were recognized for their strong leadership in ethics and compliance, advancement of industry discourse on social and ethical issues, and positive engagement in the communities in which they operate.

We are pleased with the recognition of our commitment to ethical leadership and corporate social responsibility, said Michael J. Critelli, Chairman and Chief Executive Officer. We realize that our success and reputation rest heavily on our relationship with our customers, employees, shareholders and communities. We work very hard to exceed their expectations of us.

The editors of Ethisphere Magazine chose fewer than 100 companies from several thousand organizations that they analyzed over a six-month period. The process included reviewing companies code of ethics, litigation and regulatory infraction histories; evaluating investment in innovation and sustainable business practices; looking at companies activities to improve corporate citizenship; studying nominations from senior executives, industry peers, suppliers and customers; and working with consumer action groups for feedback and rating.

These organizations go beyond making statements about doing business ethically; they translate those words into action, said Alex Brigham, executive editor of Ethisphere Magazine.

The comprehensive Worlds Most Ethical Companies list is available in the Q2 2007 issue of the magazine.

About Pitney Bowes:

Pitney Bowes is a mailstream technology company that helps organizations manage the flow of information, mail, documents and packages. Our 35,000 employees deliver technology, service and innovation to more than two million customers worldwide. The company was founded in 1920 and annual revenues now total $5.8 billion. More information is available at www.pb.com.