Greif, Inc. Declares Third Quarter 2010 Dividends


DELAWARE, Ohio -- August 31, 2010 -- The Board of Directors of Greif, Inc. (NYSE: GEF, GEF.B) today declared quarterly cash dividends of $0.42 per share of Class A Common Stock and $0.63 per share of Class B Common Stock.

The dividends are payable on Oct. 1, 2010, to shareholders of record at close of business on Sept. 20, 2010.

About Greif

Greif, Inc. is a world leader in industrial packaging products and services. The company produces steel, plastic, fibre, flexible and corrugated containers, packaging accessories 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 as well as regional customers. Additional information is on the company's Web site at www.greif.com.

Contact:

Deb Strohmaier, APR

Vice President,

Communications

740-549-6074

debra.strohmaier@greif.com

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