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MDC Corporation Inc. Hosts Conference Call Re Sale Of Its Remaining Interest In Davis & Henderson And Offer To Repurchase Senior Subordinate Notes

MDC Corporation Inc. (“MDC”) of Toronto, announced that they entered into an underwriting agreement relating to a public offering of 18,965,792 units of the Davis & Henderson Income Fund priced at $10.50 per unit for gross proceeds of approximately $200 million. MDC commenced a tender offer and consent solicitation, on March 7th, 2002, with respect to its outstanding 10 ½% Senior Subordinate Notes. On Monday, March 11th, MDC will conduct a conference call with media and the investment community to further detail these transactions.

The conference call will begin at 4:00 pm EST and will be accessible by dialing in 416-640-4127,
and the Toll Free Dial-In number is: 1-888-881-4892

Please ask the operator for the “MDC Conference with Miles S. Nadal”. To ensure proper connection, it is advised to call ten minutes prior to start time.

A recording of the conference call will be available until March 18th, by dialing 416-640-1917 or 1-877-289-8525 Code #177312), or by visiting our Web site at www.mdccorp.com

About Davis & Henderson

Davis & Henderson and its predecessors have been serving Canadian financial institutions and their account holders since 1875. Through an integrated service offering, Davis & Henderson has become the market leading company in Canada assisting financial institutions with the operation of their cheque supply programs.

About MDC Corporation Inc. (“MDC”)

MDC is a publicly traded international business services organization with operating units in Canada, the United States, United Kingdom and Australia. MDC offers security sensitive transaction products and services in four primary areas: Personalized Transaction Products such as personal and business cheques; Electronic Transaction Products such as credit, debit, telephone & smart cards and Secure Ticketing Products, such as airline, transit and event tickets. Stamps; both postal and excise. MDC shares are traded on the Toronto Stock Exchange under the symbol MDZ.A and on NASDAQ National Market under the symbol MDCA.

About Maxxcom

Maxxcom is the largest full-service marketing communications organization based in Canada. Its entrepreneurial partner firms provide a comprehensive range of communications services to clients in North America, the United Kingdom and Europe. Services include advertising, direct marketing, database management, sales promotion, public relations, investor relations, market research, corporate identity and branding and interactive marketing.