com

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With 24 years of imaging industry experience in international assignments,
P+L management, sales operations management, strategic planning and marketing
management, Cerny is the former executive director and general manager for the
Production Systems Group of Xerox Europe.

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At Katun, Cerny's responsibilities include management of the company's
growing presence in the European, African and Middle Eastern markets --
recommending , implementing and monitoring strategic and financial objectives
for the business unit. "Karl has a proven track record for strategic vision
translated into operational success, along with a deep understanding of our
industry."
A native of Austria, Cerny is a graduate of the Technologisches
Gewerbemuseum (TGM), Vienna, at which he studied engineering for manufacturing
and business management .----

Alcatel, ECI Telecom and Marconi Gain Ground in EMEA

Dell'Oro Group, the trusted source for market information about
the networking and telecommunications industries, announced today that
DSL Access Concentrator (DSLAMs + DLCs) port shipments to EMEA
increased 38% over the prior calendar quarter.com

About Dell'Oro Group

As the trusted source for market information about the networking
and telecommunications industries, Dell'Oro Group provides in-depth,
objective research and analysis that enables component manufacturers,
equipment vendors, and investment firms to make fact-based, strategic
decisions.

women people

Tesco Corporation
SEGMENT INFORMATION
Three months and years ended December 31, 2004 and 2003
(Thousands of Canadian Dollars )
Unaudited
-------------------------------------------------------------------------

Three
months to: December 31, 2004 December 31, 2003
----------------------------- -------------------------------
Operations:
Deprec- Deprec-
Revenues iation Revenues iation
--------------- and Earnings --------------- and Earnings
Third amorti- before Third amorti- before
Internal party zation taxes Internal party zation taxes
---------- ------ -------- ------- --------------- ------- -------

Products 7,945 11,418 676 2,289 5,171 7,706 614 (611)
Services 2,016 34,128 3,777 2,491 790 32 ,181 3,718 4,360
---------------- -------- ------- --------------- ------- ------ -
9,961 45,546 4,453 4,780 5,961 39,887 4,332 3,749
--- ------------- ---------------
---------------- ---- -----------

Intersegment
eliminations (227) 1,183 (201) (158)
Product
development
expense - (491) 105 (1,803)
Restructuring
and other
exceptional
items - (4,851) - (7,456)
Corporate items 458 (5,694) 455 (4,740)
-------- ------- ------- -------
4,684 (5,073) 4,691 (10,408)
-------- ------- ------- -------
-------- ------- ------- -------

Geographic:
Revenues Revenues
---------- ----------

Canada 6,416 7,040
United States 24,887 21,173
Mexico 1,766 3,457
South America 3,502 2,429
South East Asia 4,283 2,821
Europe, Africa
and Middle East 4,692 2,967
----- ----- ----------
45,546 39,887
---------- ----------
---------- ----------

Years ended: December 31, 2004 December 31, 2003
-------------------------- --- -------------------------------
Operations:
Deprec- Deprec-
Revenues iation Revenues iation
--------------- and Earnings --------------- and Earnings
Third amorti- before Third amorti- before
Internal party zation taxes Internal party zation taxes
---------------- -------- ------- --------------- - ------ -------

Products 27,138 47,052 2,905 1,967 39,245 57,841 1,592 8,763
Services 3,892 132,009 14,876 20,372 5,389 127,822 14,169 13,009
-------- -------- -------- ------- --------------- ------- -------
31,030 179,061 17,781 22 ,339 44,634 185,663 15,761 21,772

Intersegment
eliminations (799 ) 1,017 (1,272) 1,055
Product
development
expense - (3,882) 567 (10,460)
Restructuring
and other
exceptional
items - (4,851) - (28,080)
Corporate items 1,923 (19,226) 1,806 (19,514)
-------- ------- ------- -------
18,905 (4,603) 16,862 (35,227)
-------- ------- ------- -------
-------- ------- ------- ------ -

Geographic:
Revenues Revenues
---------- ----------

Canada 21,423 31,396
United States 92,224 83,230
Mexico 9,095 29,250
South America 14,137 9 ,007
South East Asia 25,570 19,242
Europe, Africa
and Middle East 16,612 13,538
---------- ----------
179,061 185,663
---------- ----------
---------- ------- ---

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Record Level DSL Port Shipments to Europe Middle East and Africa --EMEA-- Offset Declines in Asia During 4Q04 According to Dell'Oro Group

collection europe

MINNEAPOLIS, Katun Corporation, the world's
largest supplier of OEM-compatible supplies and parts to the office equipment
industry, has named Karl Cerny senior vice president and general manager of
the company's Europe/Africa/Middle East business unit.

regional women

With over 25 years of expertise and experience in the business equipment
industry, the privately held Katun now serves more than 19,000 customers in
more than 170 countries. For more information , contact Dell'Oro Group at
650-622-9400 or visit www.delloro.

FORWARD -LOOKING STATEMENTS

This presentation contains statements that may constitute
"forward -looking statements" within the meaning of the US Private Securities
Litigation Reform Act of 1995 .

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"The strength in EMEA port shipments was broad-based during 4Q04.

About the Report

The Dell'Oro Group Access Report provides complete, in-depth
coverage of the market, including tables covering revenue, unit
volume, and prices for DSL and cable equipment, including Cable Modem
Termination Systems (CMTS), Digital Subscriber Line Access
Multiplexers (DSLAMs), and Customer Premises Equipment (CPE). These statements are based on
current expectations that involve a number of risks and uncertainties , which
could cause actual results to differ from those anticipated. These risks
include, but are not limited to: operational risks; potential delays or
changes in plans with respect to customers ' exploration or development
projects or capital expenditures; the uncertainty of estimates and projections
relating to levels of rental activities; uncertainty of estimates and
projections of costs and expenses; risks in conducting foreign operations such
as political and fiscal instability, exchange rate fluctuations, and
international taxation; uncertainty and risks in technical results and
performance of technology; restructuring of operations; and other
uncertainties.

A collection of categories relating to women in certain parts of the world.

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All of the major DSL manufacturers posted double -digit sequential
increases for the quarter, as Service Providers such as British
Telecom, France Telecom, and Telecom Italia continue to build their
networks to handle subscriber growth and future services," said Steve
Nozik, Principal Analyst for Broadband Access Research at Dell'Oro
Group . The revised "Segment Information" schedule that
is a part of this press release supercedes the prior schedule.

parts collection

"We are delighted to have Karl Cerny at Katun," said Carlyle Singer,
president and CEO. These statements include, among others,
statements regarding expectations of future revenues , activities, capital
expenditures and earnings and technical results.

people oceania

Following his 19 years with Xerox,
Cerny also held senior positions with Unisys and Kodak Versamark Europe. Products branded "Katun Performance" deliver
reliable performance along with competitive pricing and guarantees, making
them the best-value choice for office equipment dealers and their customers. For more information , visit Katun online at
http://www.katun. Trading Symbol:
"TESOF" on NASDAQ
"TEO " on TSX

CALGARY, March 31 - On March 30, 2005 Tesco
Corporation issued the above-referenced press release which contained errors
in the "Segment Information".

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com . DSL port shipments to
Asia declined 32% during the same period.

parts europe

The report indicates that the market leader, Alcatel, and some
smaller vendors, such as ECI Telecom and Marconi, gained port market
share in EMEA during 4Q04 .

Correction - Tesco Corporation Reports Results for Fourth Quarter and Full Year 2004

asia oceania

Katun Corporation Names Former Xerox Executive Karl Cerny Senior Vice President and General Manager for Europe/Africa /Middle East Business Unit

Business Editors/High-Tech Writers

REDWOOD CITY, Calif.

Tesco Corporation is a global leader in the design, manufacture and
service of technology based solutions for the upstream energy industry.

relating people

He will be valuable to our organization's achievements as we
continue to grow and expand our business, serving our customers in these
important world markets. "The decline in Asia was driven by seasonal weakness in Japan
and a slowdown in contract awards by Chinese Service Providers," he
added. To
purchase this report, call 650-622-9400 x223 or email
Julie@DellOro.

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About Katun Corporation
Headquartered in Minneapolis, Katun Corporation is the world's largest
supplier of OEM-compatible imaging supplies, photoreceptors and parts, as well
as a leading manufacturer of fuser rollers and other select products, for the
office equipment industry. The
Corporation's mandate is to change the way people drill wells by delivering
safer and more efficient solutions that add real value by reducing the costs
of drilling for and producing oil and gas.