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Greif, Inc.
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Delaware, Ohio, USA, 05 December 2006 – 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 0.53 per share of Class B Common Stock.

The dividends are payable on 01 January 2007, to shareholders of record at close of business on 20 December 2006.

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

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