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Greif CFO Huml Promoted to Executive Vice President

12/09/2005

Greif CFO Donald Huml Promoted to Executive Vice President

DELAWARE, Ohio (Dec. 9, 2005) – Michael J. Gasser, chairman and chief executive officer of Greif, Inc. (NYSE: GEF, GEF.B), has announced that Chief Financial Officer Donald S. Huml has been promoted to Executive Vice President.

Huml, 59, joined Greif in 2002. His previous experience includes eight years with Snap-on Incorporated as senior vice president, finance and chief financial officer; and 21 years with Saint-Gobain Corporation and its subsidiaries, CertainTeed Corporation and Norton Company, in various roles.

“Don’s new title is given in recognition of his significant contributions to Greif,” Gasser said. “He will continue his responsibilities as CFO, and I look forward to partnering with him further as Greif continues to reach new financial heights.”

Greif, Inc. is the world leader in industrial packaging products and services. The company provides extensive experience in steel, plastic, fibre, corrugated and multiwall containers and protective packaging for a wide range of industries. Greif also produces containerboard and manages timber properties in North America. The company is strategically positioned in more than 40 countries to serve global as well as regional customers. Additional information is on the company's Web site at www.greif.com.

Contact:

Deb Strohmaier, APR
Director, Communications
+1 740-549-6074
debra.strohmaier@greif.com

Contact

Matt Eichmann Vice President,
Investor Relations and Corporate Communications
Greif, Inc.
Office: (740) 549-6067

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