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R.R. DONNELLEY AND METROMAIL CORPORATION ANNOUNCE INITIAL PUBLIC OFFERING

CHICAGO, March 7 /PRNewswire/ -- R.R. Donnelley and Sons Company (NYSE: DNY) and Metromail Corporation jointly announced that a registration statement has been filed today with the Securities and Exchange Commission (SEC) for a proposed initial public offering of common shares of Metromail. R.R. Donnelley currently owns 100 percent of the outstanding shares of Metromail.

All of the shares in the offering are being offered by Metromail Corporation. Proceeds from the completed offering will be used by Metromail to retire certain indebtedness owed to R.R. Donnelley. R.R. Donnelley in turn will use the payment from Metromail to pay down debt and for general corporate purposes.

The offering will give Metromail direct access to the capital markets and new competitive opportunities. For R.R. Donnelley it reflects a sharpened strategic focus on U.S. commercial printing, international growth, and content management and distribution. Following the offering, R.R. Donnelley will retain a significant minority ownership interest in Metromail.

The current Metromail management team, led by Susan L. Henricks, president and chief executive officer, will continue with the company. Once Metromail becomes publicly held, Chairman Barton L. Faber, who now serves as president of R.R. Donnelley's Information Services business unit, will devote all of his time to Metromail. Ronald G. Eidell, currently R.R. Donnelley's senior vice president, Finance, will join Metromail as senior vice president and chief financial officer. Thomas J. Quarles, who presently serves as R.R. Donnelley's senior vice president and general counsel, will become Metromail's senior vice president, general counsel and chief administrative officer.

Headquartered in Lombard, Ill., Metromail Corporation is a leading supplier of marketing-oriented consumer information and reference services, which it supplies to a wide variety of organizations engaged in direct mail, telephone and targeted marketing, as well as to customers who need specific reference and information services. The company provides these services utilizing its proprietary database information on over 148 million individuals and over 90 percent of households in the United States. Metromail employs more than 3,000 people in the U.S. and has additional operations in the United Kingdom.

R.R. Donnelley and Sons Company (sales U.S. $6.5 billion) is a world leader in managing, reproducing and distributing print and digital information for the publishing, retailing, merchandising and information-technology markets. It specializes in the production of books, catalogs, inserts, magazines, directories, and financial and computer documentation. Founded in Chicago in 1864, the company employs 41,000 people in 26 countries on five continents.

The planned offering will be made only by means of a prospectus. Morgan Stanley and Co. Incorporated and Lehman Brothers will manage the offering.

A registration statement relating to the Metromail common shares has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration of qualification under the securities laws of any such state. Copies of the prospectus, when available, may be obtained from the co-managers of the offering.
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/CONTACT: William H. Lowe, Senior Director, Corporate Communication, 312-326-7740, or Investor, Wendy Wilson, Vice President, Investor Relations, 312-326-8702, both of R.R. Donnelley and Sons/

(DNY)

CO: R.R. Donnelley and Sons Company; Metromail Corporation ST: Illinois IN: PUB SU:

TW -- DETH024 -- 1185 03/07/96 13:45 EST
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Publication:PR Newswire
Date:Mar 7, 1996
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