----

----

----

----

----

----

|                                                 |
|-------------------------------------------------|
|                                                 |  |  |  |  |  |  |  |
|                                            | (unaudited) |   |   |
| (in millions of dollars)                        | December 31, 2016 |   | December 31, 2015 |
| Assets                                          |   |   |   |
| Current assets:                                 |   |   |   |
| Cash and cash equivalents                       | $ | 42.9 |  |   | $ | 55.4 |  |
| Accounts receivable, net                        | 391.0 |  |   | 369.3 |  |
| Inventories                                     | 210.0 |  |   | 203.6 |  |
| Other current assets                            | 26.8 |  |   | 25.3 |  |
| Total current assets                            | 670.7 |  |   | 653.6 |  |
| Total property, plant and equipment             | 528.0 |  |   | 526.1 |  |
| Less: accumulated depreciation                  | (329.6 | ) |   | (317.0 | ) |
| Property, plant and equipment, net              | 198.4 |  |   | 209.1 |  |
| Deferred income taxes                           | 27.3 |  |   | 25.1 |  |
| Goodwill                                        | 587.1 |  |   | 496.9 |  |
| Identifiable intangibles, net                   | 565.7 |  |   | 520.9 |  |
| Other non-current assets                        | 15.3 |  |   | 47.8 |  |
| Total assets                                    | $ | 2,064.5 |  |   | $ | 1,953.4 |  |
| Liabilities and Stockholders' Equity            |   |   |   |
| Current liabilities:                            |   |   |   |
| Notes payable                                   | $ | 63.7 |  |   | $ | — |  |
| Current portion of long-term debt               | 4.8 |  |   | — |  |
| Accounts payable                                | 135.1 |  |   | 147.6 |  |
| Accrued compensation                            | 42.8 |  |   | 34.0 |  |
| Accrued customer program liabilities            | 94.0 |  |   | 108.7 |  |
| Accrued interest                                | 1.3 |  |   | 6.3 |  |
| Other current liabilities                       | 64.7 |  |   | 58.7 |  |
| Total current liabilities                       | 406.4 |  |   | 355.3 |  |
| Long-term debt, net                             | 627.7 |  |   | 720.5 |  |
| Deferred income taxes                           | 146.7 |  |   | 142.3 |  |
| Pension and post-retirement benefit obligations | 98.0 |  |   | 89.1 |  |
| Other non-current liabilities                   | 77.0 |  |   | 65.0 |  |
| Total liabilities                               | 1,355.8 |  |   | 1,372.2 |  |
| Stockholders' equity:                           |   |   |   |
| Common stock                                    | 1.1 |  |   | 1.1 |  |
| Treasury stock                                  | (17.0 | ) |   | (11.8 | ) |
| Paid-in capital                                 | 2,015.7 |  |   | 1,988.3 |  |
| Accumulated other comprehensive loss            | (419.4 | ) |   | (429.2 | ) |
| Accumulated deficit                             | (871.7 | ) |   | (967.2 | ) |
| Total stockholders' equity                      | 708.7 |  |   | 581.2 |  |
| Total liabilities and stockholders' equity      | $ | 2,064.5 |  |   | $ | 1,953.4 |  |

----

|                                                           |
|-----------------------------------------------------------|
|                                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                      | Three Months Ended December 31, |   |   |   | Twelve Months Ended December 31, |   |   |
|                                                      | 2016 |   | 2015 |   | % Change |   | 2016 |   | 2015 |   | % Change |
| Net sales                                                 | $ | 437.6 |  |   | $ | 412.1 |  |   | 6% |   | $ | 1,557.1 |  |   | $ | 1,510.4 |  |   | 3% |
| Cost of products sold                                     | 283.9 |  |   | 274.3 |  |  | 3% |   | 1,042.0 |  |   | 1,032.0 |  |   | 1% |
| Gross profit                                              | 153.7 |  |   | 137.8 |  |   | 12% |   | 515.1 |  |   | 478.4 |  |   | 8% |
| Operating costs and expenses:                             |   |   |   |   |   |   |   |   |   |   |   |
| Advertising, selling, general and administrative expenses | 87.7 |  |   | 76.3 |  |   | 15% |   | 320.8 |  |   | 295.7 |  |   | 8% |
| Amortization of intangibles                               | 5.7 |  |   | 4.7 |  |   | 21% |   | 21.6 |  |   | 19.6 |  |   | 10% |
| Restructuring charges (credits)                           | 0.6 |  |   | (0.1 | ) |   | NM |   | 5.4 |  |   | (0.4 | ) |   | NM |
| Total operating costs and expenses                        | 94.0 |  |   | 80.9 |  |   | 16% |   | 347.8 |  |   | 314.9 |  |   | 10% |
| Operating income                                          | 59.7 |  |   | 56.9 |  |   | 5% |   | 167.3 |  |   | 163.5 |  |   | 2% |
| Non-operating expense (income):                           |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense                                          | 12.8 |  |   | 11.0 |  |   | 16% |   | 49.3 |  |   | 44.5 |  |   | 11% |
| Interest income                                           | (1.3 | ) |   | (1.3 | ) |   | —% |   | (6.4 | ) |   | (6.6 | ) |   | (3)% |
| Equity in earnings of joint venture                       | — |  |   | (2.8 | ) |   | NM |   | (2.1 | ) |   | (7.9 | ) |   | (73)% |
| Other expense (income), net                               | 30.1 |  |   | (0.1 | ) |   | NM |   | 1.4 |  |   | 2.1 |  |   | (33)% |
| Income before income tax                                  | 18.1 |  |   | 50.1 |  |   | (64)% |   | 125.1 |  |   | 131.4 |  |   | (5)% |
| Income tax expense                                        | 12.0 |  |   | 18.7 |  |   | (36)% |   | 29.6 |  |   | 45.5 |  |   | (35)% |
| Net income                                                | $ | 6.1 |  |   | $ | 31.4 |  |   | (81)% |   | $ | 95.5 |  |   | $ | 85.9 |  |   | 11% |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |
| Per share:                                                |   |   |   |   |   |   |   |   |   |   |   |
| Basic income per share                                    | $ | 0.06 |  |   | $ | 0.30 |  |   | (80)% |   | $ | 0.89 |  |   | $ | 0.79 |  |   | 13% |
| Diluted income per share                                  | $ | 0.06 |  |   | $ | 0.29 |  |   | (79)% |   | $ | 0.87 |  |   | $ | 0.78 |  |   | 12% |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average number of shares outstanding:            |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                                     | 107.5 |  |   | 106.0 |  |   |   |   | 107.0 |  |   | 108.8 |  |   |   |
| Diluted                                                   | 110.0 |  |   | 107.9 |  |   |   |   | 109.2 |  |   | 110.6 |  |   |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |
| Statistics (as a % of Net sales, except Income tax rate)  |   |   |   |   |   |   |   |   |   |
|                                                      | Three Months Ended December 31, |   |   |   | Twelve Months Ended December 31, |   |   |
|                                                      | 2016 |   | 2015 |   |   |   | 2016 |   | 2015 |   |   |
| Gross profit (Net sales, less Cost of products sold)      | 35.1 | % |   | 33.4 | % |   |   |   | 33.1 | % |   | 31.7 | % |   |   |
| Advertising, selling, general and administrative          | 20.0 | % |   | 18.5 | % |   |   |   | 20.6 | % |   | 19.6 | % |   |   |
| Operating income                                          | 13.6 | % |   | 13.8 | % |   |   |   | 10.7 | % |   | 10.8 | % |   |   |
| Income before income tax                                  | 4.1 | % |   | 12.2 | % |   |   |   | 8.0 | % |   | 8.7 | % |   |   |
| Net income                                                | 1.4 | % |   | 7.6 | % |   |   |   | 6.1 | % |   | 5.7 | % |   |   |
| Income tax rate                                           | 66.3 | % |   | 37.3 | % |   |   |   | 23.7 | % |   | 34.6 | % |   |   |

----

|                                                                      |
|----------------------------------------------------------------------|
|                                                                      |  |  |  |  |  |  |  |
|                                                                 | (unaudited) |   |   |
|                                                                 | Twelve Months Ended December 31, |
| (in millions of dollars)                                             | 2016 |   | 2015 |
| Operating activities                                                 |   |   |   |
| Net income                                                           | $ | 95.5 |  |   | $ | 85.9 |  |
| Gain on revaluation of previously held joint-venture equity interest | (28.9 | ) |   | — |  |
| Amortization of inventory step-up                                    | 0.4 |  |   | — |  |
| (Loss) gain on disposal of assets                                    | (0.3 | ) |   | 0.1 |  |
| Deferred income tax expense                                          | 6.0 |  |   | 27.4 |  |
| Depreciation                                                         | 30.4 |  |   | 32.4 |  |
| Amortization of debt issuance costs                                  | 3.8 |  |   | 3.5 |  |
| Amortization of intangibles                                          | 21.6 |  |   | 19.6 |  |
| Stock-based compensation                                             | 19.4 |  |   | 16.0 |  |
| Loss on debt extinguishment                                          | 29.9 |  |   | 1.9 |  |
| Other non-cash charges                                               | 0.1 |  |   | — |  |
| Equity in earnings of joint ventures, net of dividends received      | (1.6 | ) |   | (3.8 | ) |
| Changes in balance sheet items:                                      |   |   |   |
| Accounts receivable                                                  | 13.4 |  |   | (3.9 | ) |
| Inventories                                                          | 16.7 |  |   | 9.8 |  |
| Other assets                                                         | 5.5 |  |   | 1.2 |  |
| Accounts payable                                                     | (19.3 | ) |   | (2.6 | ) |
| Accrued expenses and other liabilities                               | (31.2 | ) |   | (19.2 | ) |
| Accrued income taxes                                                 | 4.5 |  |   | 2.9 |  |
| Net cash provided by operating activities                            | 165.9 |  |   | 171.2 |  |
| Investing activities                                                 |   |   |   |
| Additions to property, plant and equipment                           | (18.5 | ) |   | (27.6 | ) |
| Proceeds from the disposition of assets                              | 0.7 |  |   | 2.8 |  |
| Cost of acquisitions, net of cash acquired                           | (88.8 | ) |   | — |  |
| Other                                                                | 0.2 |  |   | 0.2 |  |
| Net cash used by investing activities                                | (106.4 | ) |   | (24.6 | ) |
| Financing activities                                                 |   |   |   |
| Proceeds from long-term borrowings                                   | 587.4 |  |   | 300.0 |  |
| Repayments of long-term debt                                         | (685.1 | ) |   | (370.1 | ) |
| Borrowings (repayments) of notes payable, net                        | 51.5 |  |   | (0.8 | ) |
| Payments for debt premium                                            | (25.0 | ) |   | — |  |
| Payments for debt issuance costs                                     | (6.9 | ) |   | (1.7 | ) |
| Repurchases of common stock                                          | — |  |   | (60.0 | ) |
| Payments related to tax withholding for share-based compensation     | (5.1 | ) |   | (5.9 | ) |
| Excess tax benefit from stock-based compensation                     | 1.2 |  |   | — |  |
| Proceeds from the exercise of stock options                          | 6.8 |  |   | 0.7 |  |
| Net cash used by financing activities                                | (75.2 | ) |   | (137.8 | ) |
| Effect of foreign exchange rate changes on cash and cash equivalents | 3.2 |  |   | (6.6 | ) |
| Net (decrease)/increase in cash and cash equivalents                 | (12.5 | ) |   | 2.2 |  |
| Cash and cash equivalents                                            |   |   |   |
| Beginning of the period                                              | 55.4 |  |   | 53.2 |  |
| End of the period                                                    | $ | 42.9 |  |   | $ | 55.4 |  |

----

|                                                           |
|-----------------------------------------------------------|
|                                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                      | Three Months Ended December 31, 2016 |   | Three Months Ended December 31, 2015 |   |   |
|                                                      | Reported |   | % of |   | Adjusted |   | Adjusted |   | % of |   | Reported |   | % of |   | Adjusted |   | Adjusted |   | % of |   | % Change |
|                                                      | GAAP |   | Sales |   | Items |   | Non-GAAP |   | Sales |   | GAAP |   | Sales |   | Items |   | Non-GAAP |   | Sales |   | Adjusted |
| Advertising, selling, general and administrative expenses | $ | 87.7 |  |   | 20.0 | % |   | $ | (4.5 | ) |  (A.2) | $ | 83.2 |  |   | 19.0 | % |   | $ | 76.3 |  |   | 18.5 | % |   | $ | — |  |   | $ | 76.3 |  |   | 18.5 | % |   | 9 | % |
| Restructuring charges (credits)                           | 0.6 |  |   |   |   | (0.6 | ) |  (A.3) | — |  |   |   |   | (0.1 | ) |   |   |   | 0.1 |  |  (A.3) | — |  |   |   |   | NM |  |
| Operating income                                          | 59.7 |  |   | 13.6 | % |   | 5.1 |  |   | 64.8 |  |   | 14.8 | % |   | 56.9 |  |   | 13.8 | % |   | (0.1 | ) |   | 56.8 |  |   | 13.8 | % |   | 14 | % |
| Interest expense                                          | 12.8 |  |   |   |   | (1.6 | ) |  (A.4) | 11.2 |  |   |   |   | 11.0 |  |   |   |   | — |  |   | 11.0 |  |   |   |   | 2 | % |
| Other expense (income), net                               | 30.1 |  |   |   |   | (29.9 | ) |  (A.6) | 0.2 |  |   |   |   | (0.1 | ) |   |   |   | — |  |   | (0.1 | ) |   |   |   | NM |  |
| Income before income tax                                  | 18.1 |  |   | 4.1 | % |   | 36.6 |  |   | 54.7 |  |   | 12.5 | % |   | 50.1 |  |   | 12.2 | % |   | (0.1 | ) |   | 50.0 |  |   | 12.1 | % |   | 9 | % |
| Income tax expense                                        | 12.0 |  |   |   |   | 7.1 |  |  (A.7) | 19.1 |  |   |   |   | 18.7 |  |   |   |   | (1.2 | ) |  (A.7) | 17.5 |  |   |   |   | 9 | % |
| Income tax rate                                           | 66.3 | % |   |   |   |   |   | 35.0 | % |   |   |   | 37.3 | % |   |   |   |   |   | 35.0 | % |   |   |   |   |
| Net income                                                | $ | 6.1 |  |   | 1.4 | % |   | $ | 29.5 |  |   | $ | 35.6 |  |   | 8.1 | % |   | $ | 31.4 |  |   | 7.6 | % |   | $ | 1.1 |  |   | $ | 32.5 |  |   | 7.9 | % |   | 10 | % |
| Diluted income per share                                  | $ | 0.06 |  |   |   |   | $ | 0.27 |  |   | $ | 0.32 |  |   |   |   | $ | 0.29 |  |   |   |   | $ | 0.01 |  |   | $ | 0.30 |  |   |   |   | 7 | % |
| Weighted average number of shares outstanding:            | 110.0 |  |   |   |   |   |   | 110.0 |  |   |   |   | 107.9 |  |   |   |   |   |   | 107.9 |  |   |   |   |   |
|                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                      | Twelve Months Ended December 31, 2016 |   | Twelve Months Ended December 31, 2015 |   |   |
|                                                      | Reported |   | % of |   | Adjusted |   | Adjusted |   | % of |   | Reported |   | % of |   | Adjusted |   | Adjusted |   | % of |   | % Change |
|                                                      | GAAP |   | Sales |   | Items |   | Non-GAAP |   | Sales |   | GAAP |   | Sales |   | Items |   | Non-GAAP |   | Sales |   | Adjusted |
| Gross profit                                              | $ | 515.1 |  |   | 33.1 | % |   | $ | 0.4 |  |  (A.1) | $ | 515.5 |  |   | 33.1 | % |   | $ | 478.4 |  |   | 31.7 | % |   | $ | — |  |   | $ | 478.4 |  |   | 31.7 | % |   | 8 | % |
| Advertising, selling, general and administrative expenses | 320.8 |  |   | 20.6 | % |   | (12.8 | ) |  (A.2) | 308.0 |  |   | 19.8 | % |   | 295.7 |  |   | 19.6 | % |   | — |  |   | 295.7 |  |   | 19.6 | % |   | 4 | % |
| Restructuring charges (credits)                           | 5.4 |  |   |   |   | (5.4 | ) |  (A.3) | — |  |   |   |   | (0.4 | ) |   |   |   | 0.4 |  |  (A.3) | — |  |   |   |   | NM |  |
| Operating income                                          | 167.3 |  |   | 10.7 | % |   | 18.6 |  |   | 185.9 |  |   | 11.9 | % |   | 163.5 |  |   | 10.8 | % |   | (0.4 | ) |   | 163.1 |  |   | 10.8 | % |   | 14 | % |
| Interest expense                                          | 49.3 |  |   |   |   | (2.5 | ) |  (A.4) | 46.8 |  |   |   |   | 44.5 |  |   |   |   | (0.1 | ) |  (A.5) | 44.4 |  |   |   |   | 5 | % |
| Other expense (income), net                               | 1.4 |  |   |   |   | — |  |  (A.6) | 1.4 |  |   |   |   | 2.1 |  |   |   |   | (1.9 | ) |  (A.5) | 0.2 |  |   |   |   | 600 | % |
| Income before income tax                                  | 125.1 |  |   | 8.0 | % |   | 21.1 |  |   | 146.2 |  |   | 9.4 | % |   | 131.4 |  |   | 8.7 | % |   | 1.6 |  |   | 133.0 |  |   | 8.8 | % |   | 10 | % |
| Income tax expense                                        | 29.6 |  |   |   |   | 21.5 |  |  (A.7) | 51.1 |  |   |   |   | 45.5 |  |   |   |   | 1.1 |  |  (A.7) | 46.6 |  |   |   |   | 10 | % |
| Income tax rate                                           | 23.7 | % |   |   |   |   |   | 35.0 | % |   |   |   | 34.6 | % |   |   |   |   |   | 35.0 | % |   |   |   |   |
| Net income                                                | $ | 95.5 |  |   | 6.1 | % |   | $ | (0.4 | ) |   | $ | 95.1 |  |   | 6.1 | % |   | $ | 85.9 |  |   | 5.7 | % |   | $ | 0.5 |  |   | $ | 86.4 |  |   | 5.7 | % |   | 10 | % |
| Diluted income per share                                  | $ | 0.87 |  |   |   |   | $ | — |  |   | $ | 0.87 |  |   |   |   | $ | 0.78 |  |   |   |   | $ | — |  |   | $ | 0.78 |  |   |   |   | 12 | % |
| Weighted average number of shares outstanding:            | 109.2 |  |   |   |   |   |   | 109.2 |  |   |   |   | 110.6 |  |   |   |   |   |   | 110.6 |  |   |   |   |   |

----

|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| A. | "Adjusted" results exclude restructuring (credits) charges, amortization of the step-up in value of finished goods, transaction and integration expenses associated with the acquisitions of Pelikan Artline and of Esselte Group Holdings AB, other one-time or non-recurring items and all unusual income tax items, including income taxes related to the aforementioned items; in addition, income taxes have been recalculated at a normalized effective tax rate of 35%. |

|    |                                                                                                                                                               |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1. | Represents the adjustment related to the amortization of step-up in the value of finished goods inventory associated with the acquisition of Pelikan Artline. |

|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2. | Represents the elimination of transaction expenses and integration expenses. Expenses associated with the acquisition of Pelikan Artline were $1.6 million for the three months ended December 31, 2016 and $3.6 million (consisting of $1.3 million in transaction and $2.3 million in integration expenses) for the twelve months ended December 31, 2016. In addition, expenses associated with the acquisition of Esselte Group Holdings AB, which closed on January 31, 2017, were $2.9 million for the three months ended December 31, 2016 and $9.2 million (consisting of $9.0 million in transaction expenses and $0.2 million in integration expenses) for the twelve months ended December 31, 2016. |

|    |                                             |
|----|---------------------------------------------|
| 3. | Represents restructuring charges (credits). |

|    |             |
|----|-------------|
| 4. | Represents: |

|    |                                                                                                                                                              |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------|
| i. | In the three months ended December 31, 2016, $1.6 million of accelerated interest expense related to the refinancing of our Senior Unsecured Notes. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                               |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ii. | In the twelve months ended December 31, 2016, $1.6 million of accelerated interest expense related to the refinancing of our Senior Unsecured Notes, the loan breakage fee of $0.5 million incurred in the acquisition of Pelikan Artline and the write-off of debt issuance costs of $0.4 million due to a debt swap of part of our USD term loan for the new Australian dollar revolving loan. |

|    |                                                                                                                                          |
|----|------------------------------------------------------------------------------------------------------------------------------------------|
| 5. | Represents the write-off of debt issuance costs and other costs associated with the Company's refinancing in the second quarter of 2015. |

|    |             |
|----|-------------|
| 6. | Represents: |

|    |                                                                                                                                                                                                                                       |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| i. | In the three months ended December 31, 2016, the "make-whole" call premium of $25.0 million and a $4.9 million charge for the write-off of debt issuance costs related to the refinancing of our Senior Unsecured Notes. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                           |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ii. | In the twelve months ended December 31, 2016, the fair value gain upon acquisition of the Pelikan Artline joint venture of $28.9 million and the foreign currency gain of $1.0 million related to the settlement of certain intercompany transactions, which offset the "make-whole" call premium of $25.0 million and the $4.9 million charge for the write-off of debt issuance costs noted above. |

|    |                                                                                                                                                                                                                                                                                                          |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 7. | Primarily reflects the tax effect of the adjustments outlined in items A.1-6 above and adjusts the company's effective tax rate to a normalized rate of 35%. The Company's estimated long-term rate remains subject to variations from the mix of earnings across the Company's operating jurisdictions. |

----

|                                     |
|-------------------------------------|
|                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                |   | Three Months Ended December 31, |   |   |   | Twelve Months Ended December 31, |   |   |
|                                |   | 2016 |   | 2015 |   | % Change |   | 2016 |   | 2015 |   | % Change |
| Net income                          | $ | 6.1 |  |   | $ | 31.4 |  |   | (81 | )% |   | $ | 95.5 |  |   | $ | 85.9 |  |   | 11 |  % |
|                                | Inventory step-up amortization | — |  |   | — |  |   | NM |  |   | 0.4 |  |   | — |  |   | NM |  |
|                                | Transaction and integration expenses | 4.5 |  |   | — |  |   | NM |  |   | 12.8 |  |   | — |  |   | NM |  |
|                                | Restructuring charges (credits) | 0.6 |  |   | (0.1 | ) |   | NM |  |   | 5.4 |  |   | (0.4 | ) |   | NM |  |
|                                | Depreciation | 7.4 |  |   | 7.7 |  |   | (4 | )% |   | 30.4 |  |   | 32.4 |  |   | (6 | )% |
|                                | Stock-based compensation | 7.3 |  |   | 5.5 |  |   | 33 |  % |   | 19.4 |  |   | 16.0 |  |   | 21 |  % |
|                                | Amortization of intangibles | 5.7 |  |   | 4.7 |  |   | 21 |  % |   | 21.6 |  |   | 19.6 |  |   | 10 |  % |
|                                | Interest expense, net | 11.5 |  |   | 9.7 |  |   | 19 |  % |   | 42.9 |  |   | 37.9 |  |   | 13 |  % |
|                                | Other expense (income), net | 30.1 |  |   | (0.1 | ) |   | NM |  |   | 1.4 |  |   | 2.1 |  |   | (33 | )% |
|                                | Income tax expense | 12.0 |  |   | 18.7 |  |   | (36 | )% |   | 29.6 |  |   | 45.5 |  |   | (35 | )% |
| Adjusted EBITDA (non-GAAP)          | $ | 85.2 |  |   | $ | 77.5 |  |   | 10 |  % |   | $ | 259.4 |  |   | $ | 239.0 |  |   | 9 |  % |
|                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Adjusted EBITDA as a % of Net Sales | 19.5 | % |   | 18.8 | % |   |   |   | 16.7 | % |   | 15.8 | % |   |   |

|                                                                          |
|--------------------------------------------------------------------------|
|                                                                          |  |  |  |  |  |  |  |  |  |  |  |
|                                                                     | Twelve Months Ended December 31, 2016 |   | Twelve Months Ended December 31, 2015 |   | 2017 Outlook |
| Net cash provided by operating activities                                | $ | 165.9 |  |   | $ | 171.2 |  |   | $ | 178 |  |
|                                                                     |   |   |   |   |   |
| Net cash (used) provided by:                                             |   |   |   |   |   |
| Additions to property, plant and equipment                               | (18.5 | ) |   | (27.6 | ) |   | (35 | ) |
| Proceeds from the disposition of assets                                  | 0.7 |  |   | 2.8 |  |   | 2 |  |
| Other                                                                    | 0.2 |  |   | 0.2 |  |   | — |  |
| Free cash flow (non-GAAP)                                                | 148.3 |  |   | 146.6 |  |   | 145 |  |
| Accelerated interest payments from refinancing of senior unsecured notes | 6.5 |  |   | — |  |   | — |  |
| Transaction and integration expenses - cash                              | 11.6 |  |   | — |  |   | 5 |  |
| Adjusted free cash flow (non-GAAP)                                       | $ | 166.4 |  |   | $ | 146.6 |  |   | $ | 150 |  |

----

|                                                                                                                                          |
|------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                                                     | 2016 |   | 2015 |   | Changes |
|                                                                                                                                     |   |   |   |   |   |   |  |   | Adjusted |   |   |   |   |   |   |   |   |   | Adjusted |   |   |   |  |  |   |
|                                                                                                                                     |   |   | Reported |   |   |   | Adjusted |   | Operating |   |   |   | Reported |   |   |   | Adjusted |   | Operating |   |   |   | Adjusted | Adjusted |   |
|                                                                                                                                     |   |   | Operating |   |   |   | Operating |   | Income |   |   |   | Operating |   |   |   | Operating |   | Income |   |  |  | Operating | Operating |  |
|                                                                                                                                     | Reported |   | Income |   | Adjusted |   | Income |   | (Loss) |   | Reported |   | Income |   | Adjusted |   | Income |   | (Loss) |   | Net Sales | Net Sales | Income | Income | Margin |
|                                                                                                                                     | Net Sales |   | (Loss) |   | Items |   | (Loss) (A) |   | Margin (A) |   | Net Sales |   | (Loss) |   | Items |   | (Loss) (A) |   | Margin (A) |   | $ | % | (Loss) $ | (Loss) % | Points |
| Q1:                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| ACCO Brands North America                                                                                                                | $ | 165.7 |  |   | $ | 10.3 |  |   | $ | — |  |   | $ | 10.3 |  |   | 6.2% |   | $ | 166.7 |  |   | $ | 5.6 |  |   | $ | (0.5 | ) |   | $ | 5.1 |  |   | 3.1% |   | $ | (1.0 | ) | (1)% | $ | 5.2 |  | 102% | 310 |
| ACCO Brands International                                                                                                                | 85.3 |  |   | 3.8 |  |   | — |  |   | 3.8 |  |   | 4.5% |   | 94.6 |  |   | 3.3 |  |   | — |  |   | 3.3 |  |   | 3.5% |   | (9.3 | ) | (10)% | 0.5 |  | 15% | 100 |
| Computer Products                                                                                                                        | 27.1 |  |   | 1.7 |  |   | — |  |   | 1.7 |  |   | 6.3% |   | 28.7 |  |   | 2.0 |  |   | — |  |   | 2.0 |  |   | 7.0% |   | (1.6 | ) | (6)% | (0.3 | ) | (15)% | (70) |
| Corporate                                                                                                                                | — |  |   | (9.3 | ) |   | 0.6 |  |   | (8.7 | ) |   |   |   | — |  |   | (8.3 | ) |   | — |  |   | (8.3 | ) |   |   |   | — |  |   | (0.4 | ) |   |   |
| Total                                                                                                                                    | $ | 278.1 |  |   | $ | 6.5 |  |   | $ | 0.6 |  |   | $ | 7.1 |  |   | 2.6% |   | $ | 290.0 |  |   | $ | 2.6 |  |   | $ | (0.5 | ) |   | $ | 2.1 |  |   | 0.7% |   | $ | (11.9 | ) | (4)% | $ | 5.0 |  | 238% | 190 |
|                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Q2:                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| ACCO Brands North America                                                                                                                | $ | 279.1 |  |   | $ | 51.6 |  |   | $ | 1.2 |  |   | $ | 52.8 |  |   | 18.9% |   | $ | 268.6 |  |   | $ | 50.1 |  |   | $ | — |  |   | $ | 50.1 |  |   | 18.7% |   | $ | 10.5 |  | 4% | $ | 2.7 |  | 5% | 20 |
| ACCO Brands International                                                                                                                | 101.3 |  |   | 2.9 |  |   | 3.8 |  |   | 6.7 |  |   | 6.6% |   | 96.7 |  |   | 6.2 |  |   | — |  |   | 6.2 |  |   | 6.4% |   | 4.6 |  | 5% | 0.5 |  | 8% | 20 |
| Computer Products                                                                                                                        | 29.7 |  |   | 3.2 |  |   | (0.1 | ) |   | 3.1 |  |   | 10.4% |   | 29.4 |  |   | 2.2 |  |   | 0.2 |  |   | 2.4 |  |   | 8.2% |   | 0.3 |  | 1% | 0.7 |  | 29% | 220 |
| Corporate                                                                                                                                | — |  |   | (12.3 | ) |   | 2.8 |  |   | (9.5 | ) |   |   |   | — |  |   | (9.3 | ) |   | — |  |   | (9.3 | ) |   |   |   | — |  |   | (0.2 | ) |   |   |
| Total                                                                                                                                    | $ | 410.1 |  |   | $ | 45.4 |  |   | $ | 7.7 |  |   | $ | 53.1 |  |   | 12.9% |   | $ | 394.7 |  |   | $ | 49.2 |  |   | $ | 0.2 |  |   | $ | 49.4 |  |   | 12.5% |   | $ | 15.4 |  | 4% | $ | 3.7 |  | 7% | 40 |
|                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Q3:                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| ACCO Brands North America                                                                                                                | $ | 273.3 |  |   | $ | 48.6 |  |   | $ | — |  |   | $ | 48.6 |  |   | 17.8% |   | $ | 279.8 |  |   | $ | 48.4 |  |   | $ | — |  |   | $ | 48.4 |  |   | 17.3% |   | $ | (6.5 | ) | (2)% | $ | 0.2 |  | —% | 50 |
| ACCO Brands International                                                                                                                | 128.5 |  |   | 16.7 |  |   | 0.8 |  |   | 17.5 |  |   | 13.6% |   | 104.3 |  |   | 11.3 |  |   | (0.1 | ) |   | 11.2 |  |   | 10.7% |   | 24.2 |  | 23% | 6.3 |  | 56% | 290 |
| Computer Products                                                                                                                        | 29.5 |  |   | 3.1 |  |   | — |  |   | 3.1 |  |   | 10.5% |   | 29.5 |  |   | 2.7 |  |   | 0.1 |  |   | 2.8 |  |   | 9.5% |   | — |  | —% | 0.3 |  | 11% | 100 |
| Corporate                                                                                                                                | — |  |   | (12.7 | ) |   | 4.4 |  |   | (8.3 | ) |   |   |   | — |  |   | (7.6 | ) |   | — |  |   | (7.6 | ) |   |   |   | — |  |   | (0.7 | ) |   |   |
| Total                                                                                                                                    | $ | 431.3 |  |   | $ | 55.7 |  |   | $ | 5.2 |  |   | $ | 60.9 |  |   | 14.1% |   | $ | 413.6 |  |   | $ | 54.8 |  |   | $ | — |  |   | $ | 54.8 |  |   | 13.2% |   | $ | 17.7 |  | 4% | $ | 6.1 |  | 11% | 90 |
|                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Q4:                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| ACCO Brands North America                                                                                                                | $ | 237.4 |  |   | $ | 40.1 |  |   | $ | — |  |   | $ | 40.1 |  |   | 16.9% |   | $ | 248.2 |  |   | $ | 43.5 |  |   | $ | (0.1 | ) |   | $ | 43.4 |  |   | 17.5% |   | $ | (10.8 | ) | (4)% | $ | (3.3 | ) | (8)% | (60) |
| ACCO Brands International                                                                                                                | 169.9 |  |   | 29.7 |  |   | 2.2 |  |   | 31.9 |  |   | 18.8% |   | 131.3 |  |   | 20.0 |  |   | — |  |   | 20.0 |  |   | 15.2% |   | 38.6 |  | 29% | 11.9 |  | 60% | 360 |
| Computer Products                                                                                                                        | 30.3 |  |   | 3.6 |  |   | 0.1 |  |   | 3.7 |  |   | 12.2% |   | 32.6 |  |   | 3.4 |  |   | — |  |   | 3.4 |  |   | 10.4% |   | (2.3 | ) | (7)% | 0.3 |  | 9% | 180 |
| Corporate                                                                                                                                | — |  |   | (13.7 | ) |   | 2.8 |  |   | (10.9 | ) |   |   |   | — |  |   | (10.0 | ) |   | — |  |   | (10.0 | ) |   |   |   | — |  |   | (0.9 | ) |   |   |
| Total                                                                                                                                    | $ | 437.6 |  |   | $ | 59.7 |  |   | $ | 5.1 |  |   | $ | 64.8 |  |   | 14.8% |   | $ | 412.1 |  |   | $ | 56.9 |  |   | $ | (0.1 | ) |   | $ | 56.8 |  |   | 13.8% |   | $ | 25.5 |  | 6% | $ | 8.0 |  | 14% | 100 |
|                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Full Year:                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| ACCO Brands North America                                                                                                                | $ | 955.5 |  |   | $ | 150.6 |  |   | $ | 1.2 |  |   | $ | 151.8 |  |   | 15.9% |   | $ | 963.3 |  |   | $ | 147.6 |  |   | $ | (0.6 | ) |   | $ | 147.0 |  |   | 15.3% |   | $ | (7.8 | ) | (1)% | $ | 4.8 |  | 3% | 60 |
| ACCO Brands International                                                                                                                | 485.0 |  |   | 53.1 |  |   | 6.8 |  |   | 59.9 |  |   | 12.4% |   | 426.9 |  |   | 40.8 |  |   | (0.1 | ) |   | 40.7 |  |   | 9.5% |   | 58.1 |  | 14% | 19.2 |  | 47% | 290 |
| Computer Products                                                                                                                        | 116.6 |  |   | 11.6 |  |   | — |  |   | 11.6 |  |   | 9.9% |   | 120.2 |  |   | 10.3 |  |   | 0.3 |  |   | 10.6 |  |   | 8.8% |   | (3.6 | ) | (3)% | 1.0 |  | 9% | 110 |
| Corporate                                                                                                                                | — |  |   | (48.0 | ) |   | 10.6 |  |   | (37.4 | ) |   |   |   | — |  |   | (35.2 | ) |   | — |  |   | (35.2 | ) |   |   |   | — |  |   | (2.2 | ) |   |   |
| Total                                                                                                                                    | $ | 1,557.1 |  |   | $ | 167.3 |  |   | $ | 18.6 |  |   | $ | 185.9 |  |   | 11.9% |   | $ | 1,510.4 |  |   | $ | 163.5 |  |   | $ | (0.4 | ) |   | $ | 163.1 |  |   | 10.8% |   | $ | 46.7 |  | 3% | $ | 22.8 |  | 14% | 110 |
|                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (A)   See "Notes for Reconciliation of GAAP to Adjusted Non-GAAP Information (Unaudited)" for a description of adjusted items on page 9. |

----

|                                                                                                                             |
|-----------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                             |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                                        |   | Percent Change - Sales |
|                                                                                                                        |   | GAAP | Non-GAAP |
|                                                                                                                        |   |   |   |   |   |   |   |  |   |   |   |   |
|                                                                                                                        |   |   |   |   |   |   |   | Comparable |   |   |   |   |
|                                                                                                                        |   | Net Sales |   | Currency |   |   |   | Net Sales |   |   |   |   |
|                                                                                                                        |   | Change |   | Translation |   | Acquisition |   | Change (A) |   | Price |   | $ Volume/Mix |
| Q1 2016:                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| ACCO Brands North America                                                                                                   |   | (0.6)% |   | (1.2)% |   | —% |   | 0.6% |   | 1.0% |   | (0.4)% |
| ACCO Brands International                                                                                                   |   | (9.8)% |   | (11.6)% |   | —% |   | 1.8% |   | 9.3% |   | (7.5)% |
| Computer Products                                                                                                           |   | (5.6)% |   | (2.1)% |   | —% |   | (3.5)% |   | 3.8% |   | (7.3)% |
|     Total                                                                                               |   | (4.1)% |   | (4.7)% |   | —% |   | 0.6% |   | 4.0% |   | (3.4)% |
|                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Q2 2016:                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| ACCO Brands North America                                                                                                   |   | 3.9% |   | (0.7)% |   | —% |   | 4.6% |   | 1.8% |   | 2.8% |
| ACCO Brands International                                                                                                   |   | 4.8% |   | (4.8)% |   | 17.4% |   | (7.8)% |   | 10.2% |   | (18.0)% |
| Computer Products                                                                                                           |   | 1.0% |   | (0.7)% |   | —% |   | 1.7% |   | 2.0% |   | (0.3)% |
|     Total                                                                                               |   | 3.9% |   | (1.7)% |   | 4.3% |   | 1.3% |   | 3.9% |   | (2.6)% |
|                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Q3 2016:                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| ACCO Brands North America                                                                                                   |   | (2.3)% |   | —% |   | —% |   | (2.3)% |   | —% |   | (2.3)% |
| ACCO Brands International                                                                                                   |   | 23.2% |   | 0.8% |   | 26.4% |   | (4.0)% |   | 6.5% |   | (10.5)% |
| Computer Products                                                                                                           |   | —% |   | —% |   | —% |   | —% |   | 1.7% |   | (1.7)% |
|     Total                                                                                               |   | 4.3% |   | 0.2% |   | 6.7% |   | (2.6)% |   | 1.8% |   | (4.4)% |
|                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Q4 2016:                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| ACCO Brands North America                                                                                                   |   | (4.4)% |   | —% |   | —% |   | (4.4)% |   | 0.1% |   | (4.5)% |
| ACCO Brands International                                                                                                   |   | 29.4% |   | 2.3% |   | 26.0% |   | 1.1% |   | 6.3% |   | (5.2)% |
| Computer Products                                                                                                           |   | (7.1)% |   | (1.2)% |   | —% |   | (5.9)% |   | 0.6% |   | (6.5)% |
|     Total                                                                                               |   | 6.2% |   | 0.7% |   | 8.3% |   | (2.8)% |   | 2.1% |   | (4.9)% |
|                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| 2016 YTD:                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| ACCO Brands North America                                                                                                   |   | (0.8)% |   | (0.4)% |   | —% |   | (0.4)% |   | 0.7% |   | (1.1)% |
| ACCO Brands International                                                                                                   |   | 13.6% |   | (2.8)% |   | 18.4% |   | (2.0)% |   | 7.9% |   | (9.9)% |
| Computer Products                                                                                                           |   | (3.0)% |   | (1.0)% |   | —% |   | (2.0)% |   | 2.0% |   | (4.0)% |
|     Total                                                                                               |   | 3.1% |   | (1.1)% |   | 5.2% |   | (1.0)% |   | 2.8% |   | (3.8)% |
| (A)   Sales excluding acquisitions and with current period foreign operation sales translated at prior year currency rates. |   |   |