Investor Presentaiton

Synergy and Performance Improvements • • Q1 FY17 Progress Achieved annualized run-rate of $580 million at 12/31 Estimate annualized run-rate of $800 million by end of FY17 Run Rate at 12/31/16 Corporate & Support 12% Ongoing Productivity 37% $1 billion Capital Investment 23% $580 million $800 million 1 $580 $500 I million million $350 million $425 million I I $255 million I $165 million Q4 FY15 Q1 FY16 Q2 FY16 Q3 FY16 Q4 FY16 Q1 FY17 FY17 FY18 7 28% Procurement Three Year Goal Duplicative Corp & Support Functions On track to achieve $1 billion objective by end of FY18 Capital Investment 10% Ongoing Productivity 35% 25% $1 billion 30% Procurement WestRock

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