Greif, Inc. Declares Fourth Quarter 2017 Dividends

Greif, Inc. (NYSE: GEF, GEF.B), a global leader and industrial packaging solutions provider, announced today that its Board of Directors has declared quarterly cash dividends of $0.42 per share on its Class A Common Stock, and $0.62 per share on its Class B Common Stock.

The dividends are payable on January 1, 2018, to shareholders of record at the close of business on December 18, 2017.

About Greif, Inc.

Greif is a global leader in industrial packaging products and services and is pursuing its vision: in industrial packaging, be the best performing customer service company in the world. The company produces steel, plastic and fibre drums, intermediate bulk containers, reconditioned containers, flexible products, containerboard, packaging accessories and provides filling, packaging and other services for a wide range of industries. Greif also manages timber properties in the south eastern United States. The company is strategically positioned in over 40 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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Greif, Inc.Matt Eichmann, 740-549-6067Vice President Investor Relations & Corporate [e-mail]