Lionbridge Secures Multi-Million Dollar Contract with Microsoft

Three-Year Localization and Testing Agreement with Volume Commitment

WALTHAM, Mass. - October 16, 2002 - Lionbridge Technologies, Inc. (Nasdaq: LIOX) today announced a new agreement with Microsoft Inc. (Nasdaq: MSFT), the world's leading business and personal software company. The three-year, multi-million dollar contract expands the long-standing partnership between the two companies and formalizes Lionbridge's role as a localization and testing provider for prominent Microsoft products through June, 2005.

Lionbridge also received Microsoft's Premier Status under the Microsoft Vendor Program. Premier status is given to suppliers who meet certain criteria in specific categories set by Microsoft. The program's goal is to identify qualified and competitive suppliers who can handle the majority of Microsoft's outsourced localization work.

"Microsoft has worked with Lionbridge for many years and knows it has the experience to consistently deliver high quality. We are pleased to award Lionbridge Premier status as a localization provider," said Bernhard Kohlmeier, Director Integrated Product Services at Microsoft.

"This partnership demonstrates the breadth, depth and scale of Lionbridge. It is yet another confirmation that we have become the business process outsourcing partner of choice for many of the world's largest and most prominent organizations," said Rory Cowan, CEO, Lionbridge. "Microsoft and Lionbridge share a commitment to customer satisfaction that will benefit users worldwide."

Lionbridge's global business process outsourcing model offers comprehensive, efficient localization and testing. Lionbridge's multi-disciplined teams, spanning eleven countries, have the industry knowledge to deliver reliable multilingual products on a worldwide basis.

In addition to content and product localization services for real-time web content and software releases, VeriTest, the testing division of Lionbridge, delivers a range of testing services to ensure product interoperability and reliability and the opportunity to leverage Lionbridge's onshore, near shore and offshore testing resources in the US, Ireland and China.

About Lionbridge
Lionbridge Technologies, Inc. provides solutions for worldwide deployment of technology and content to global 2000 companies in the technology, life sciences and financial services industries. Lionbridge testing and compatibility services, globalization solutions and multilingual content management technologies help clients reduce cost, speed time to market and ensure the integrity of global brands. Based in Waltham, Mass., Lionbridge maintains facilities in Ireland, The Netherlands, France, Germany, China, South Korea, Japan, Brazil and the United States. To learn more, visit www.lionbridge.com.

Lionbridge and the Lionbridge logo are trademarks or registered trademarks of Lionbridge Technologies, Inc. in the US and throughout the world. All other trademarks are the property of their respective owners.