Teknion to Take Goodwill Charge

Teknion Corporation (TSX:TKN) today announced that based on the preliminary
results of its annual testing for impairment of goodwill in accordance with the
Canadian Institute of Chartered Accountants' Handbook Section 3062, "Goodwill
and Other Intangible Assets," the Company has determined that the current
carrying value of its goodwill is impaired, and the Company will record a
non-cash goodwill impairment charge for the fiscal year ended November 30, 2007.
The Company believes that the impairment charge may be material. The Company's
policy on accounting for goodwill is set forth in note 1 to the Company's annual
consolidated financial statements. The Company expects to complete its analysis,
and finalize and announce the amount of the impairment by February 13, 2008, the
anticipated date of the release of the Company's financial results for the 2007
fourth quarter and fiscal year. The Company does not expect that this impairment
charge will have any effect on the previously announced proposed acquisition of
the Company by its controlling shareholder.


Forward-Looking Statements

Certain of the above statements are forward-looking statements with respect to
the Company's future prospects. These statements involve risks and uncertainties
that could cause the Company's financial results to differ materially from
stated expectations as a consequence of a number of factors, including but not
limited to: fluctuations in the Company's operating results due to product
demand arising from competitive and general economic and business conditions in
the Company's North American and international markets and operations;
significant fluctuations in exchange rates for currencies in which the Company
does business; changes in the cost of raw materials; the ability to maintain the
proprietary nature of the Company's intellectual property in the design and
manufacturing of its products; changes in the size and timing of customers'
order patterns; changes in the Company's markets, including technology change,
changes in customer requirements, frequent new product introductions by
competitors and emerging standards; the Company's dependence on key personnel;
the Company's dependence on key commitments from significant dealers and
distributors; potential liabilities arising from product defects; environmental
matters and other factors set forth in the Company's reports and filings with
Canadian securities regulators. The Company undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.


Teknion Corporation (TSX:TKN) is a leading international designer, manufacturer
and marketer of office systems and related office furniture products. Teknion's
headquarters are located in Toronto, Ontario. The company has offices and
facilities in Canada, the United States, the United Kingdom and the Pacific Rim,
and serves clients through a network of authorized dealers worldwide. Visit
Teknion at www.teknion.com.