[October 17, 2017]

Xerox Declares Dividend on Common and Preferred Stock

Xerox (NYSE:XRX) announced today that its board of directors declared a quarterly cash dividend of $0.25 per share on Xerox common stock. The dividend is payable on Jan. 31, 2018 to shareholders of record on Dec. 29, 2017.

The board also declared a quarterly cash dividend of $20 per share on the outstanding Xerox Series B Convertible Perpetual Preferred Stock. The dividend is payable on Jan. 1, 2018 to shareholders of record on Dec. 15, 2017.

About Xerox

Xerox Corporation is an $11 billion technology leader that innovates the way the world communicates, connects and works. Our expertise is more important than ever as customers of all sizes look to improve productivity, maximize profitability and increase satisfaction. We do this for small and mid-size businesses, large enterprises, governments, graphic communications providers, and for our partners who serve them.

We understand what's at the heart of work - and all of the forms it can take. We embrace the increasingly complex world f paper and digital. Office and mobile. Personal and social. Every day across the globe - in more than 160 countries - our technology, software and people successfully navigate those intersections. We automate, personalize, package, analyze and secure information to keep our customers moving at an accelerated pace. For more information visit www.xerox.com.

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View source version on businesswire.com: http://www.businesswire.com/news/home/20171017006650/en/

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