HOT TOPICSLeadership For All Companies

April

13ISSUE

The Forms 10 for Donnelley Financial Solutions and LSC Communications were filed with the SEC on Thursday, March 31, signaling yet another significant milestone in creating three new companies. Since RR Donnelley is already a publicly traded company, no Form 10 is required.

The intent of this month’s Hot Topics is to share strategic information about each of the companies going forward and outline some of the CEOs direct reports as well as the chief accounting officers who will bring expertise, experience and leadership to the three industry leading companies. It is important to note that until the spinoff transactions are complete, it is business as usual. As always, we are committed to nurturing existing customer relationships and fostering new ones. It is critical that we remain focused on our business, continue to execute on our strategy and provide our customers the high level of service they deserve and expect from us.

With the future executive leadership announced in this Hot Topics, the next goal is to have all RR Donnelley employee assignments across the three companies completed by the end of April.

Next Hot Topics: Announcement of International Leadership

RR DonnelleyR. R. Donnelley’s (RRD) common stock will retain the ticker symbol “RRD.” RRD is a multichannel communications management company with estimated 2015 revenues of approximately $6.8 billion. With approximately 42,000 employees worldwide, RRD offers an unparalleled portfolio of capabilities, experience and scale that helps organizations efficiently execute their multichannel communications strategies.

Business StrategyRRD works with its customers to create, manage, deliver and optimize their multichannel communications strategies. The Company’s global platform provides differentiated solutions for its customers through its broad range of complementary communications services, strong logistics capabilities, and its innovative leadership in both conventional print and digital technologies.

Our innovative technologies enhance digital and print communications to deliver integrated messages across multiple media to highly targeted audiences at optimal times

for clients in virtually every private and public sector. Strategically located operations provide local service and responsiveness while leveraging the economic, geographic and technological advantages of a global organization.

Products and Services• Commercial and Digital Print

• Statements

• Forms and Labels

• Direct Mail

• Packaging Solutions

• Global Turnkey Solutions

• Global Document Solutions

• Logistics Services

• DSG, the creative services platform of RR Donnelley

Executive Leadership• Dan Knotts, Chief Executive Officer

• Tom Carroll, Chief Administrative Officer

• Jeff Gorski, Controller and Chief Accounting Officer

• Ken O’Brien, Chief Information Officer

• John Pecaric, EVP Global Markets

• Glynn Perry, EVP Domestic Operations

• Deb Steiner, General Counsel

CONFIDENTIAL - NOT FOR EXTERNAL DISTRIBUTION

Donnelley Financial Solutions’ (DFS) common stock will be listed under the ticker symbol “DFIN.” Following the spinoff transactions, DFS will be a public company. Five years of summary historical combined financial data for DFS can be found on page 13 of the Form 10 located on RR Donnelley’s website at:http://www.rrdonnelley.com/rrd-our-future/forms10/

DFS is a leading financial communications services company with approximately 3,500 employees and 2015 revenues of $1.1 billion. DFS serves capital market and investment market clients by delivering products and services to help create, manage and deliver accurate and timely financial communications to investors and regulators.

Business StrategyDFS’ strategy will focus on generating sales and growth through: • Expanding the existing range of solutions provided to

existing and potential clients• Developing new services and products• Using our technology and operational expertise to drive

efficiencies• Pursuing selective strategic relationships and acquisition

opportunities• Focusing on growth and expansion into new markets

Products and Services• Transaction Support

• Compliance

• Investor Communications

• Data and Analytics

• Language Solutions

Executive Leadership• Dan Leib, Chief Executive Officer

• Dave Gardella, Chief Financial Officer

• Tom Juhase, Chief Operating Officer

• Jen Reiners, General Counsel

• Kami Turner, Controller and Chief Accounting Officer

Donnelley Financial Solutions

LSC CommunicationsLSC Communications’ (LSC) common stock will be listed under the ticker symbol “LKSD.” Following the spinoff transactions, LSC will be a public company. Five years of summary historical combined financial data for LSC can be found on page 13 of the Form 10 located on RR Donnelley’s website at:http://www.rrdonnelley.com/rrd-our-future/forms10/

LSC offers a broad scope of print-related capabilities and is a global leader in cost-efficient print and print related services and office products. With approximately 21,500 employees and 2015 revenues of $3.7 billion, LSC serves the needs of publishers, merchandisers and retailers worldwide with a portfolio of products, services and technology solutions that includes print, office products, e-services, warehousing, fulfillment services and supply chain management.

Business StrategyLSC Communications’ business strategy will focus on generating stockholder value through:• Maintaining sharp focus on cost structure and improving

efficiency• Further expansion into end-to-end supply chain management• Selectively pursuing strategic acquisitions• Driving growth in core and related businesses• Building on market positions through expansion of office

products brands

Products and Services• Books• Directories• Magazines• Retail Inserts• Catalogs• Office Products

Executive Leadership• Tom Quinlan, Chairman and Chief Executive Officer

• Sue Bettman, Chief Administrative Officer

• Drew Coxhead, Chief Financial Officer

• Dave Houck, Chief Information Officer

• George Zengo, Chief Operating Officer