Delaware, Ohio, USA, 08 December 2009 – The board of directors of Greif, Inc. (NYSE: GEF, GEF.B) today declared quarterly cash dividends of USD 0.38 per share of Class A Common Stock and USD 0.56 per share of Class B Common Stock.

The dividends are payable on 01 January 2010, to shareholders of record at close of business on 21 December 2009.

Greif, Inc. is a world leader in industrial packaging products and services. The company produces steel, plastic, fiber, corrugated, and multiwall containers, packaging accessories, protective packaging, and containerboard, and provides blending and packaging services for a wide range of industries. Greif also manages timber properties in North America. The company is strategically positioned in more than 45 countries to serve global and regional customers. Additional information is available at www.greif.com.