RR Donnelley Announces the Expiration/Final Results of Its Tender Offers

CHICAGO—March 28, 2013—R.R. Donnelley & Sons Company today announced the expiration and final results of its offers (the "Tender Offers") to purchase for cash up to $500,000,000 aggregate principal amount of its notes, including up to $300,000,000 of its 6.125 percent Notes due January 15, 2017 (the "2017 Notes"), up to $150,000,000 of its 8.600 percent Notes due August 15, 2016 (the "2016 Notes") and up to $50,000,000 of its 7.25 percent Notes due May 15, 2018 (the "2018 Notes", together with the 2017 Notes and 2016 Notes, the "Securities").

As of the Expiration Date, the aggregate principal amount of 2017 Notes tendered was $173,545,000, of which $172,196,000 were tendered prior to 5:00 p.m., New York City time, on March 13, 2013 (the "Early Tender Date") and were accepted for payment on the early tender settlement date on March 14, 2013 (the "Early Tender Settlement Date") and the aggregate principal amount of the 2016 Notes tendered was $130,156,000, of which $129,363,000 were tendered prior to the Early Tender Date and were accepted for payment on the Early Tender Settlement Date. RR Donnelley announced that it has accepted for payment all of the $1,349,000 aggregate principal amount of 2017 Notes and the $793,000 aggregate principal amount of 2016 Notes that had been validly tendered after the Early Tender Date and prior to the Expiration Date, and expects to make payment on such 2017 Notes and 2016 Notes today. The holders of such 2017 Notes and 2016 Notes tendered after the Early Tender Date will not receive an early tender premium.

RR Donnelley previously announced that it accepted for payment the maximum aggregate principal amount of 2018 Notes ($50,000,000 aggregate principal amount) that had been validly tendered and not validly withdrawn prior to the Early Tender Date. RR Donnelley made payment for such notes on March 14, 2013. As a result, RR Donnelley announced that it would not accept any additional 2018 Notes for purchase. Accordingly, any additional 2018 Notes that were tendered after the Early Tender Date were not considered validly tendered and will be returned.

The Offers were made pursuant to an Offer to Purchase dated February 28, 2013 (the "Offer to Purchase") and the related Letter of Transmittal dated February 28, 2013 (the "Letter of Transmittal"), which set forth a complete description of the terms of the Tender Offers.

BofA Merrill Lynch, J.P. Morgan, PNC Capital Markets LLC and US Bancorp served as dealer managers for the Offers. Global Bondholder Services Corporation served as the depositary and information agent.

About RR Donnelley
RR Donnelley (Nasdaq:RRD), a Delaware corporation, is a global provider of integrated communications. The company works collaboratively with more than 60,000 customers worldwide to develop custom communications solutions that reduce costs, drive top line growth, enhance return on investment and ensure compliance. Drawing on a range of proprietary and commercially available digital and conventional technologies deployed across four continents, the Company employs a suite of leading Internet based capabilities and other resources to provide premedia, printing, logistics and business process outsourcing products and services to clients in virtually every private and public sector.

Source: RR Donnelley.