Pitney Bowes Recommends Stockholders Reject Mini-Tender Offer by TRC Capital Corporation

STAMFORD, Conn. - Pitney Bowes Inc. (PBI:NYSE) has been notified of an unsolicited “mini-tender” offer by TRC Capital Corporation (“TRC”) to purchase up to 4,000,000 shares, or approximately 2.0 percent, of the outstanding Pitney Bowes common stock at a price of $22.15 per share in cash. TRC’s offer price is approximately 4.73 percent less than the $23.25 closing price of Pitney Bowes common stock on March 19, 2015, the day before the mini-tender offer commenced. P

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