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Adobe Announces Additional Share Repurchase Authorization of 30 Million Shares

Adobe Systems Incorporated (Nasdaq:ADBE) today announced its Board of Directors has approved a 30 million share increase to the stock repurchase program announced in April 2007. The additional authorization augments the original 20 million share repurchase program, bringing it to a total of 50 million shares. As of Nov. 30, 2007, Adobe had repurchased 17.7 million shares under the original authorization. This stock repurchase program is in addition to the ongoing stock repurchase program initiated by the company in 1998 to offset dilution from employee stock programs.

The increase to this stock repurchase program demonstrates Adobes commitment to deliver long-term value to its stockholders, said Mark Garrett, executive vice president and chief financial officer of Adobe.

As of Nov. 30, 2007, Adobe had cash and cash equivalents of approximately $2 billion, and approximately 587.9 million diluted weighted average shares of common stock outstanding.

Stock repurchases under Adobes stock repurchase programs may be made at times and in amounts as management deems appropriate through open market repurchases, and through privately negotiated transactions or other structures. The timing and actual number of shares repurchased will depend on a variety of factors, including stock price, corporate and regulatory requirements, alternative investment opportunities and other market conditions.

About Adobe Systems Incorporated

Adobe revolutionizes how the world engages with ideas and information anytime, anywhere and through any medium. For more information, visit

© 2007 Adobe Systems Incorporated. All rights reserved. Adobe, and the Adobe logo are either registered trademarks or trademarks of Adobe Systems Incorporated in the United States and/or other countries. All other trademarks are the property of their respective owners.


Adobe Systems Incorporated
Mike Saviage, 408-536-4416 (Investor Relations)
Jodi Warner, 408-536-2084 (Public Relations)

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