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RR Donnelley Lauds Congressional Leaders on Taking Postal Action

Press release from the issuing company

CHICAGO--May 13, 2004-- Mark A. Angelson, Chief Executive Officer of R.R. Donnelley & Sons Company today lauded congressional leaders for bipartisan passage out of the U.S. House Committee on Government Reform of congressional legislation that would reform the U.S. Postal Service (USPS) and ensure steady and more predictable postal rates. Postal reform legislation is expected to be introduced in the Senate shortly. "Chairman Tom Davis, John McHugh, and Ranking Members Henry Waxman and especially Danny Davis deserve substantial credit for passing postal reform legislation through the House Committee," said Mr. Angelson. "Legislation that keeps postal rates steady and predictable is vital to every RR Donnelley customer. Every single day, our employees and our customers see, feel and experience the economic consequences of a postal service in need of reform." "Unanimous passage of postal legislation through this key House Committee is a milestone in our company's efforts to enact postal reform on behalf of our customers," said Lucie Naphin, RR Donnelley Vice President, Government Relations. "While this is only an initial step, we are working hard to translate this momentum into passage of a final bill by Congress this year." Noting that RR Donnelley puts more than 20 billion pieces of mail into the postal system on behalf of its customers each year, Mr. Angelson testified before Congress in March, focusing his testimony on four key areas where RR Donnelley believes there is significant room for improvement. These areas are: enhanced worksharing opportunities; stable and predictable rate setting; optimization of the postal network; and resolution of the Civil Service Retirement Issues.