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R.R. Donnelley & Sons Company Announces Cash Tender Offers for Up to $400 Million of Its Outstanding Debt Securities, Including



R.R. Donnelley & Sons Company Announces Cash Tender Offers for Up to $400
Million of Its Outstanding Debt Securities, Including Up to $250 Million of
Its 6.125% Notes Due January 15, 2017, Up to $100 Million of Its 8.600% Notes
Due August 15, 2016 and Up to $50 Million of Its 7.25% Notes Due May 15, 2018

CHICAGO, Feb. 28, 2013 (GLOBE NEWSWIRE) -- R.R. Donnelley & Sons Company ("RR
Donnelley" or the "Company") (Nasdaq:RRD) today announced the commencement of
cash tender offers for up to $400 million of its outstanding debt securities
from the three series listed below.

The tender offers are being made pursuant to an Offer to Purchase, dated
February 28, 2013, and a related Letter of Transmittal, dated February 28,
2013, which set forth a more detailed description of the tender offers.

Upon the terms and subject to the conditions described in the Offer to
Purchase, the Letter of Transmittal and any amendments or supplements to the
foregoing, RR Donnelley is offering to purchase for cash (1) up to $250
million of its 6.125% Notes due January 15, 2017 (the "2017 Notes"), (2) up to
$100 million of its 8.600% Notes due August 15, 2016 (the "2016 Notes") and
(3) up to $50 million of its 7.25% Notes due May 15, 2018 (the "2018 Notes",
and together with the 2017 Notes and 2016 Notes, the "Securities"). The
Company refers to its offer to purchase the Securities as the "Tender Offers."

Holders must validly tender their Securities at or prior to 5:00 p.m., New
York City time, on March 13, 2013 (such date and time, as they may be
extended, the "Early Tender Date") to be eligible to receive the Total
Consideration (as set forth in the table below).The Tender Offers will expire
at 11:59 p.m., New York City time, on March 27, 2013, unless extended or
earlier terminated (such date and time, as they may be extended, the
"Expiration Date").

                                             Dollars per $1,000 Principal
                                             Amount of Securities
                   Principal    Maximum                    Early
Title of CUSIP     Amount       Principal    Tender Offer  Tender  Total
Security Numbers   Outstanding  Amount to be Consideration Premium Consideration
                                Accepted
6.125%
Notes
due      257867AT8 $525,000,000 $250,000,000 $1,035.00     $30.00  $1,065.00
January
15, 2017
8.600%
Notes
due      257867AV3 $350,000,000 $100,000,000 $1,107.50     $30.00  $1,137.50
August
15, 2016
7.25%
Notes    257867AX9 $600,000,000 $50,000,000  $1,015.00     $30.00  $1,045.00
due May
15, 2018

RR Donnelley's obligation to accept for payment and to pay for any of the
Securities in any of the Tender Offers is subject to the satisfaction or
waiver of a number of conditions, including the completion by RR Donnelley of
a public offering of not less than $350 million in aggregate principal amount
of Notes due 2021 no later than the Early Settlement Date on terms reasonably
satisfactory to the Company. The Tender Offers are not contingent upon the
tender of any minimum principal amount of Securities. RR Donnelley reserves
the right to waive any one or more of the conditions at any time.

The tender offer consideration for each $1,000 principal amount of each series
of the Securities validly tendered and accepted for purchase pursuant to the
Tender Offers will be the applicable tender offer consideration for such
series of Securities set forth in the table above (with respect to each
series, the applicable "Tender Offer Consideration"). If applicable,
Securities that are validly tendered and not validly withdrawn at or prior to
the Early Tender Date and accepted for purchase by RR Donnelley will receive
the Total Consideration which is equal to the Tender Offer Consideration for
the applicable Securities plus the Early Tender Premium for such Securities,
payable on the Early Settlement Date. Securities validly tendered after the
Early Tender Date but before the Expiration Date and accepted for purchase by
RR Donnelley will receive the applicable Tender Offer Consideration, payable
on the Final Settlement Date, but will not receive the Early Tender Premium.

Securities that are tendered and accepted for purchase at or prior to the
Early Tender Date will be settled only on the date that we refer to as the
"Early Settlement Date," which will promptly follow the Early Tender Date. RR
Donnelley anticipates that the Early Settlement Date for the Securities will
be the first business day after the Early Tender Date. Securities that are
tendered and accepted for purchase after the Early Tender Date but before the
Expiration Date will be settled only on the date that we refer to as the
"Final Settlement Date," which will promptly follow the Expiration Date. RR
Donnelley anticipates that the Final Settlement Date for the Securities will
be the first business day after the Expiration Date. If no additional
Securities are tendered after the Early Tender Date and/or if the Tender
Offers are fully subscribed as of the Early Tender Date, there will be no
Final Settlement Date.

In addition to the applicable Tender Offer Consideration or the Total
Consideration, as the case may be, all Securities accepted for purchase will
also receive accrued and unpaid interest on those Securities from the last
interest payment date to, but not including, the Early Settlement Date or the
Final Settlement Date, as applicable, for each series of Securities.

Subject to the terms and conditions of the Offer to Purchase (and any
amendments or supplements thereto), RR Donnelley will accept for payment only
such portions of validly tendered 2017 Notes, 2016 Notes and 2018 Notes that
do not result in an aggregate principal amount of each series of Securities
purchased that exceeds (i) $250 million for 2017 Notes, (ii) $100 million for
2016 Notes and (iii) $50 million for 2018 Notes. If the amount to be accepted
with respect to a series of Securities is sufficient to allow the Company to
accept some, but not all of the validly tendered Securities of such series,
the amount of Securities of such series purchased will be prorated based on
the aggregate principal amount of Securities of such series validly tendered
in the applicable Tender Offer, rounded down to the nearest integral multiple
of $1,000, but not less than the minimum principal amount to be accepted.

Securities may be tendered and will be accepted for payment in the Tender
Offers only in principal amounts equal to minimum denominations of $2,000 and
integral multiples of $1,000 in excess thereof. Holders who do not tender all
of their holdings in a series of notes should ensure that they retain a
principal of notes in such series amounting to at least the authorized minimum
denomination equal to $2,000 principal amount.

RR Donnelley intends to accept for purchase all 2017 Notes, 2016 Notes and/or
2018 Notes validly tendered and not withdrawn at or prior to the Early Tender
Date, and will only prorate such series of Securities if the aggregate
principal amount of such series of Securities validly tendered and not
withdrawn exceeds the Maximum Principal Amount to be Accepted. If the
aggregate principal amount of a series of Securities validly tendered is less
than the relevant Maximum Principal Amount to be Accepted as of the Early
Tender Date, Holders who validly tender Securities after the Early Tender Date
may be subject to proration, whereas Holders who validly tender Securities at
or prior to the Early Tender Date will not be subject to proration.
Furthermore, if the aggregate principal amount of a series of Securities
validly tendered equals or exceeds the relevant Maximum Principal Amount to be
Accepted as of the Early Tender Date, we will not accept any Securities for
purchase after the Early Tender Date and there will be no Final Settlement
Date for such series of Securities. Depending on the amount of 2017 Notes,
2016 Notes and/or 2018 Notes tendered and the proration factor applied, if the
principal amount of 2017 Notes, 2016 Notes and/or 2018 Notes returned to a
Holder as a result of proration would result in less than the authorized
minimum denomination of $2,000 being returned, we will have the option to
reject or accept all of such Holder's validly tendered 2017 Notes, 2016 Notes
and/or 2018 Notes.

RR Donnelley reserves the right to increase the applicable Maximum Principal
Amount to be Accepted at any time, subject to compliance with applicable law,
which could result in purchasing a greater principal amount of any of the 2017
Notes, 2016 Notes and 2018 Notes in the Tender Offers. There can be no
assurance that RR Donnelley will exercise its right to increase the Maximum
Principal Amount to be Accepted.

Tendered Securities of a series may be withdrawn from the Tender Offers at or
prior to, but not after, 5:00 p.m., New York City time, on March 13, 2013,
with respect to the Securities being tendered in connection with the Tender
Offers, unless extended or earlier terminated.

RR Donnelley has retained BofA Merrill Lynch, J.P. Morgan, PNC Capital Markets
LLC and US Bancorp to serve as dealer managers for the Tender Offers. Global
Bondholder Services Corporation has been retained to serve as the depositary
and information agent for the Tender Offers.

For additional information regarding the terms of the Tender Offers, please
contact: BofA Merrill Lynch at (888) 292-0070 (toll free) or (646) 855-3401
(collect), J.P. Morgan at (800) 245-8812 (toll-free) or (212) 270-1200
(collect), PNC Capital Markets LLC at (412) 762-8420 or US Bancorp at (877)
558-2607 (toll free) or (612) 336-7604 (collect). Requests for documents and
questions regarding the tender of securities may be directed to Global
Bondholder Services Corporation at (866) 873-6300 (toll free) or (212)
430-3774 (collect).

The Offer to Purchase and the related Letter of Transmittal are expected to be
distributed to holders of Securities beginning today. Copies of the Offer to
Purchase and the Letter of Transmittal related to the Tender Offers may also
be obtained at no charge from Global Bondholder Services Corporation.

Neither RR Donnelley, its board of directors, the information agent and
depositary nor the dealer managers make any recommendation as to whether
holders of the Securities should tender or refrain from tendering the
Securities.

This announcement does not constitute an offer to purchase or a solicitation
of an offer to sell securities. The Tender Offers are being made solely by
means of the Offer to Purchase and the related Letter of Transmittal. In any
jurisdiction where the laws require a tender offer to be made by a licensed
broker or dealer, the Tender Offers will be deemed to be made on behalf of RR
Donnelley by the dealer managers, or one or more registered brokers or dealers
under the laws of such jurisdiction.

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.

For more information, and for RR Donnelley's Corporate Social Responsibility
Report, visit the company's web site at www.rrdonnelley.com.

Use of Forward-Looking Statements

This news release may contain "forward-looking statements" as defined in the
U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned
not to place undue reliance on these forward-looking statements and any such
forward-looking statements are qualified in their entirety by reference to the
following cautionary statements. All forward-looking statements speak only as
of the date of this news release and are based on current expectations and
involve a number of assumptions, risks and uncertainties that could cause the
actual results to differ materially from such forward-looking statements.
Readers are strongly encouraged to read the full cautionary statements
contained in RR Donnelley's filings with the SEC. RR Donnelley disclaims any
obligation to update or revise any forward-looking statements.

CONTACT: RR Donnelley Investor Contact:
         Dave Gardella
         Senior Vice President
         Finance
         312-326-8155
         david.a.gardella@rrd.com
        
         RR Donnelley Media Contact:
         Doug Fitzgerald
         Executive Vice President
         Communications
         630-322-6830
         doug.fitzgerald@rrd.com
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