[August 23, 2017]

Glancy Prongay & Murray Announces the Filing of a Securities Class Action on Behalf of Lexmark International, Inc. Investors and Encourages Investors to Contact the Firm

Glancy Prongay & Murray LLP ("GPM") announces that a class action lawsuit has been filed on behalf of investors who purchased Lexmark International, Inc. ("Lexmark" or the "Company") (NYSE: LXK) securities between August 1, 2014 and July 20, 2015, inclusive (the "Class Period"). Lexmark investors have until September 19, 2017 to file a lead plaintiff motion. To obtain information or participate in the class action, please visit the Lexmark page on our website at www.glancylaw.com.

Investors suffering losses on their Lexmarks investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by email to [email protected].

The complaint filed in this class action alleges that throughout the Class Period, Lexmark made materially false and/or misleading statements, and/or failed to disclose, that (1) end-user demand and growth for the Company's supplies business was deteriorating; (2) pricing increases were the primary driver of supplies revenue growth, not end-user demand; (3) customers in the supplies channel reacted by buying ahead of anticipated pricing increases; (4) and that as a result, there were excessive inventory levels at its European wholesale distributors.

On July 21, 2015, Lexmark reported poor results for its second quarter ending June 30, 2015 and lowered its 2015 sales guidance. The Company revealed its supplies growth was not attributable to end-user demand but rather the result of its European customers buying ahead of customary price increases which produced excessive inventory.

On this news, shares of Lexmark dropped in value considerably, thereby damaging investors.

Follow us for updates on Twitter (News - Alert): twitter.com/GPM_LLP.

If you purchased shares of Lexmark during the Class Period you may move the Court no later than September 19, 2017 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at http://glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170823006103/en/

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