Greif to Cease Operations at Paper Machine 1 at Mobile, Alabama Mill

Oct. 15, 2019 – Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, today announced that it is ceasing operations at its Number 1 paperboard machine at the Mobile Paperboard Mill in Mobile, Alabama. The Number 2 paperboard machine will continue to operate normally. This action will help to reduce the Mobile Mill’s ongoing operating costs and capital needs.

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, uncoated recycled paperboard, coated recycled paperboard, tubes and cores and a diverse mix of specialty products. The Company also manufactures packaging accessories and provides filling, packaging and other services for a wide range of industries. In addition, Greif manages timber properties in the southeastern 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.