CODE OF ETHICS REVISED

The company recently amended two sections of its Code of Ethics. The amended Code of Ethics appears on this site.

The section dealing with confidentiality was amended to clarify that disclosure of confidential information is prohibited by any manner, including verbal, written and electronic such as in e-mails Internet chat rooms and blogs. Additionally, any requests for information from any outside source, such as the media, are to be referred to Corporate Communications.

The section dealing with conflicts of interest was amended to provide that independent members of our Board of Directors may participate in transactions with the company so long as such transactions do not impair the Director's independence and are approved by the Board's Audit Committee.

Standard Register's success in nearly a century of being in business was the result of our people delivering high-quality, innovative products and services that help customers improve their business results. Our information solutions help companies improve efficiency, reduce costs and increase revenue.

Our success depends not only on the quality of our solutions but also the "quality" of how we conduct business-interacting with customers, suppliers, partners, investors, the community and each other with the highest levels of integrity and dedication to excellence. That's why we're committed to living these Core Values:

These Core Values help direct how we operate at Standard Register and combine with customer focus and a bias for action to form a corporate culture that we believe will help the company thrive for decades to come.

The foundation of our success is Integrity. People work for and organizations buy from, invest in and align with firms they trust. To help us live our value of Integrity, and ensure there's not even a hint of improperness in how we operate, it's critical that we all comply with the Code of Ethics and the spirit of always doing what's right.

If after reading the Code of Ethics below, you have a concern about what is proper conduct for you or anyone else, promptly raise that concern to your manager or through one of the other channels the company makes available to you. Nothing - not customer service, competitiveness, direct orders from a superior or "making the numbers" - is more important than integrity.

We have the privilege of working for one of the most admired companies in North America. It's up to us to preserve and strengthen our reputation for those who will follow us. Doing what's right--living the values--every day will help us create an even more successful company for the next century.

Thanks for your support.

The Standard Register Leadership Team