Xerox's (NYSE:XRX) board of directors today declared a quarterly cash dividend of 7.75 cents per share on Xerox common stock. The dividend is payable on January 31, 2017 to shareholders of record on December 15, 2016.

The board also declared a quarterly cash dividend of $20 per share on Xerox Series A Convertible Perpetual Preferred Stock. The dividend is payable on January 1, 2017 to shareholders of record on December 15, 2016.

About Xerox

Xerox is helping change the way the world works. By applying our expertise in imaging, business process, analytics, automation and user-centric insights, we engineer the flow of work to provide greater productivity, efficiency and personalization. Our employees create meaningful innovations and provide business process services, printing equipment, software and solutions that make a real difference for our clients and their customers in 180 countries. On January 29, 2016, Xerox announced its plans to separate into two independent, publicly traded companies – Xerox Corporation, which will be comprised of the company’s Document Technology and Document Outsourcing businesses, and Conduent Incorporated, a business process services company. Learn more at www.xerox.com.

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Xerox® and Xerox and Design® are trademarks of Xerox in the United States and/or other countries. Conduent is a trademark of Xerox Business Services, LLC in the United States and/or other countries.

Media:XeroxSean Collins, +1-310-497-9205sean.collins2@xerox.comorCarl Langsenkamp, +1-585-423-5782carl.langsenkamp@xerox.com

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