DFIN to Nominate Jeffrey Jacobowitz for Election to Board of Directors at 2019 Annual Meeting

CHICAGO–(BUSINESS WIRE)–DFIN (NYSE: DFIN), a leading global provider of risk and compliance
solutions, today announced that it would nominate Jeffrey Jacobowitz,
Founder and Managing Member of Simcoe Capital Management, LLC
(“Simcoe”), for election to the Company’s Board of Directors at its 2019
annual meeting of stockholders.

“We are pleased that Jeff has agreed to join the DFIN Board,” said
Richard L. Crandall, chairman of the Board. “His shareholder perspective
will benefit the Company as we continue to make progress on our
strategic plan to evolve our portfolio to a more favorable mix, drive
continued growth in our SaaS offerings, invest in innovation, improve
margins and cash flow generation and reduce leverage. The entire Board
and I look forward to working closely with Jeff as we continue to take
decisive actions to position DFIN for the future.”

Mr. Jacobowitz commented, “We invested in DFIN because of our belief in
the business and because we see a significant opportunity ahead for
long-term value creation. I look forward to working closely with
management and the Board as we pursue our common goal of enhancing
shareholder value.”

In conjunction with today’s announcement, the Company also announced
that it has entered into an agreement with Simcoe, which currently owns
approximately 7.9% of the Company’s outstanding shares. As part of the
agreement, Simcoe will vote all of its shares in favor of each of the
Company’s nominees at the 2019 and 2020 annual meetings of stockholders,
and will abide by customary standstill provisions and voting
commitments. Additional information about today’s announcement will be
filed on a Current Report on Form 8-K with the Securities and Exchange
Commission.

About Jeffrey Jacobowitz

Jeffrey Jacobowitz currently serves as Managing Member of Simcoe Capital
Management, LLC an investment firm he founded in 2003 to invest
primarily in U.S. based undervalued publicly traded companies. Mr.
Jacobowitz has over twenty years of investment, finance and accounting
experience and has previously served on the Boards of Exar Corporation,
Telular Corporation and Alloy Inc.

About Donnelley Financial Solutions (DFIN)

DFIN is a leading global risk and compliance solutions company. We
provide domain expertise, enterprise software and data analytics for
every stage of our clients’ business and investment lifecycles. Markets
fluctuate, regulations evolve, technology advances, and through it all,
DFIN delivers confidence with the right solutions in moments that
matter. Learn about DFIN’s end-to-end risk and compliance solutions
online at DFINsolutions.com
or you can also follow us on Twitter @DFINSolutions
or on LinkedIn.

Forward-Looking Statements

This news release may contain “forward-looking statements” within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and 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 the Company’s filings with the SEC. The Company
disclaims any obligation to update or revise any forward-looking
statements.

Contacts

Media Contact:
Erin Burke
631 239 6903
[email protected]

Investor Contact:
Justin Ritchie
Investor Relations
[email protected]

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