Greif BOD declares Q1 cash dividends of US$0.42/share of Class A Common Stock and US$0.63/share of Class B Common Stock, payable April 1 to shareholders of record on March 18

DELAWARE, Ohio , February 24, 2014 (press release) – The Board of Directors of Greif, Inc. (NYSE: GEF, GEF.B) today declared quarterly cash dividends of $0.42 per share of Class A Common Stock and $0.63 per share of Class B Common Stock.

The dividends are payable on April 1, 2014 to shareholders of record at close of business on March 18, 2014.

About Greif

Greif is a world leader in industrial packaging products and services. The company produces steel, plastic, fibre, flexible, corrugated, multiwall and reconditioned containers, intermediate bulk containers, containerboard and packaging accessories, and provides blending, filling, packaging and industrial packaging reconditioning services for a wide range of industries. Greif also manages timber properties in North America. The company is strategically positioned in more than 50 countries to serve global as well as regional customers. Additional information is on the company's website at www.greif.com.

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