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Press Release

Greif Bros. Corp. (GBC)

Release date: July 1, 2008

Greif, Inc. Joins the World Business Council on Sustainable Development

DELAWARE, Ohio (July 1, 2008) - Greif, Inc. (NYSE: GEF, GEF.B) has accepted an invitation to join the World Business Council for Sustainable Development.

Based in Geneva, Switzerland, the Council is an association of the chief executive officers of 200 large and multinational firms from more than 35 countries and 20 major industrial sectors. The Council provides a platform for companies to explore sustainable development, share knowledge and advocate business positions on sustainability, working with governments, non-governmental and intergovernmental organizations.

"We are honored by the Council's invitation to join this prestigious coalition," said Greif Chairman and Chief Executive Officer Michael J. Gasser. "I look forward to working with these globally respected companies that are seriously committed to advancing and achieving sustainable development."

Greif is a world leader in industrial packaging products and services. The company produces steel, plastic, fibre, corrugated and multiwall containers, protective packaging and containerboard, and provides blending, filling and packaging services for a wide range of industries. Greif also manages timber properties in North America. The Company is strategically positioned in 48 countries to serve global as well as regional customers. Additional information is on the Company's website at www.greif.com.

Contact: Deb Strohmaier, APR Vice President, Communications (740) 549-6074 debra.strohmaier@greif.com

Company Information:
Name: Greif Bros. Corp. (GBC)
Address: 425 Winter Rd.
City: Delaware
State: OH
ZIP: 43015
Country: USA
Phone: 740-549-6000
FAX: 740-549-6100
http://www.greif.com/

More New Product News from this company:
May 22, 2002 - Knock-Down Drums reduce transportation costs.
May 16, 2002 - Water Bottles allow transportation of 30% more water.

Other News from this company:
Aug 26, 2008 - Greif, Inc. Declares Third Quarter 2008 Dividends
Aug 18, 2008 - Greif, Inc. Announces Third Quarter 2008 Earnings Release and Conference Call
Jun 02, 2008 - Greif, Inc. Declares Second Quarter 2008 Dividends
May 14, 2008 - Greif, Inc. Announces Second Quarter 2008 Earnings Release and Conference Call
May 06, 2008 - Greif, Inc. Acquires Vietnam Steel Drum Facility
Sep 19, 2007 - David B. Fischer Named President of Greif, Inc. Michael C. Patton to Head Greif's Paper and North America Industrial Packaging Businesses
Aug 21, 2007 - Greif, Inc. Announces Third Quarter 2007 Earnings Release and Conference Call
Jun 27, 2007 - Greif, Inc. Opens Fourth New Steel Drum Plant in China
Jun 27, 2007 - Greif, Inc. Responds to Provisional Findings by UK Competition Commission
May 21, 2007 - Greif Opens Steel Drum Plant in Angarsk, Russia
Oct 26, 2006 - Greif Expands In Europe and Asia
Sep 22, 2006 - Greif Acquires Leading USA Oil and Specialty Chemical Packager

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