Greif, Inc.

Delaware, Ohio, USA, 29 August 2006 -- /PRNewswire/ -- The board of directors of Greif, Inc. (NYSE: GEF; GEF.B) today declared quarterly cash dividends of USD 0.36 per share of Class A Common Stock and USD 0.54 per share of Class B Common Stock.

The dividends are payable on 01 October 2006, to shareholders of record at close of business on 20 September 2006.

Greif, Inc. is the world leader in industrial packaging products and services. The company provides extensive experience in steel, plastic, fiber, corrugated and multiwall containers, and protective packaging for a wide range of industries. Greif also produces containerboard and manages timber properties in North America. Greif is strategically positioned in more than 40 countries to serve global as well as regional customers. Additional information is on the company's Web site at

Source: Greif, Inc