PAREXEL INTERNATIONAL TO PRESENT AT CIBC WORLD MARKETS THIRTEENTH ANNUAL HEALTHCARE CONFERENCE

BOSTON, MA, October 31, 2002 — PAREXEL International Corporation (Nasdaq: PRXL) announced today it will be presenting at the CIBC World Markets Thirteenth Annual Healthcare Conference at The Plaza Hotel in New York City. Josef von Rickenbach, Chairman and CEO, and James Winschel, Senior Vice President and CFO will be making a formal presentation on PAREXEL at 4:30 p.m. EST on Wednesday, November 6th.

To listen to the webcast, please visit the “Webcasts” portion of the Investor Relations section of the Company’s website at http://www.parexel.com at least fifteen minutes prior to the beginning of the scheduled presentation to register, download and install any necessary multimedia streaming software. After the conference, the webcast will be archived and available for 30 days.

PAREXEL is one of the largest biopharmaceutical outsourcing organizations in the world, providing a broad range of knowledge-based contract research, medical marketing and consulting services to the worldwide pharmaceutical, biotechnology and medical device industries. With a commitment to providing solutions that expedite time-to-market and peak market penetration, PAREXEL has developed significant expertise in clinical trials management, data management, biostatistical analysis, medical marketing, clinical pharmacology, regulatory and medical consulting, industry training and publishing and other drug development consulting services. Its information technology subsidiary, Perceptive Informatics, Inc., provides a variety of technology products and services, including web-based portal solutions and voice and data systems, which are designed to accelerate and enhance the clinical development and launch processes. The Company’s integrated services, therapeutic area depth and sophisticated information technology, along with its experience in global drug development and product launch services, represent key competitive strengths. Headquartered near Boston, MA, PAREXEL operates in 57 locations throughout 37 countries around the world, and has approximately 4,860 employees.