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Press Release

MDC CORPORATION INC. INCREASES THE PRICE AND EXTENDS THE CONSENT PAYMENT DEADLINE AND OFFER EXPIRATION DATE FOR ITS TENDER OFFER AND CONSENT SOLICITATION FOR ITS 10 1/2% SENIOR SUBORDINATED NOTES DUE 2006

TORONTO, Ontario (March 25, 2002) -MDC Corporation Inc. announced that in connection with its previously announced tender offer and consent solicitation with respect to its outstanding 10 ½% Senior Subordinated Notes due December 1, 2006 (the “Notes), it has increased the price at which it will purchase the Notes from a range of US$860 to US$880 per US$1,000 of principal amount of Notes to a fixed price of US$890 per US$1,000 of principal amount of Notes.

MDC has also extended the deadline for eligibility to receive a consent fee in connection with its solicitation of consents. The consent payment deadline has been extended to 5:00 pm New York City time on March 27, 2002. The consent fee will remain US$10.00 per US$1,000 and will be paid to holders who have delivered their consents prior to the consent payment deadline.

MDC has also extended the expiration date for the offer to purchase and consent solicitation from 12:00 midnight New York City time on April 4, 2002 to 12:00 midnight New York City time on April 8, 2002.

Holders of Notes that have previously delivered a consent or previously tendered Notes are not required to deliver a new consent or a new tender of Notes. All consents that have been validly delivered (and not revoked) continue to be valid consents, for which the Company will pay the consent payment. All Notes that have been validly tendered (and not withdrawn) will be purchased at a price of US$890 per US$1,000 principal amount of Notes, regardless of the price at which such Notes were previously tendered.

This announcement is not an offer to purchase, a solicitation of an offer to purchase, or a solicitation of an offer to sell securities, with respect to any Notes. The tender offer may only be made pursuant to the terms of the Offer to Purchase and Consent Solicitation Statement dated March 7, 2002 as amended, and the related Amended Consent and Letter of Transmittal. Persons with questions regarding the offer should contact the Information Agent at (866) 825-8876 or the Dealer Managers at (212) 902-0391.

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.