IKON OFFICE SOLUTIONS COMMENTS ON
                           THIRD QUARTER ANNOUNCEMENT
                                        
          VALLEY FORGE, PENNSYLVANIA - AUGUST 4, 1998 - IKON Office Solutions
(NYSE: IKN) today announced that it is in the process of conducting the full
review of operations previously announced.  This review is designed to give Mr.
Forese, the new President and CEO, a comprehensive and in-depth analysis of the
issues facing the company and the reasons for the disappointing financial
results in recent months.

     The company expects to release third quarter results on August 14th. In
addition to announcing third quarter results, the Company will summarize the
steps it is taking to address the challenges facing the Company.

     Despite these challenges, the Company believes that its business strategy
of delivering total solutions is sound and is based on a number of fundamental
strengths, including an extensive customer base and a broad array of state-of-
the-art product and service offerings.  However, execution of this strategy
needs to improve.

     IKON Office Solutions (www.ikon.com) is one of the world's leading office
technology companies providing customers with total office solutions from copier
and printing systems, computer networking and digital document services, to copy
center management, hardware and software product interfaces and electronic file
conversion.  With fiscal 1997 revenues of more than $5 billion, IKON Office
Solutions has more than 1,100 locations in the U.S., Canada, Mexico, the United
Kingdom, France, Germany and Denmark.

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     This news release includes information that may constitute forward-looking
statements made pursuant to the safe harbor provisions of the federal securities
laws.  Although IKON believes the expectations contained in such forward-looking
statements are reasonable, it can give no assurance that such expectations will
prove correct.  This information is subject to risk and uncertainties such as
those relating to managing an aggressive program to acquire and integrate new
companies; conducting activities in a competitive environment; delays,
difficulties, management transitions and employment issues associated with its
transformation; and general economic conditions.  Therefore, actual results may
differ materially from the forward-looking statements.