Our Values

We have audited the consolidated balance sheet of R.R. Donnelley & Sons Company as of December 31, 2002, and the related consolidated statements of income, shareholders' equity, and cash flows for the year then ended. Such consolidated financial statements and our report thereon dated January 21, 2003, expressing an unqualified opinion (which are not included herein), are included in the Company's 2002 Annual Report on Form 10-K. The consolidated financial statements of R.R. Donnelley & Sons Company of December 31, 2001 and 2000, and for the years then ended were audited by other auditors who have ceased operations. Those auditors expressed an unqualified opinion on those financial statements in their report dated January 23, 2002. The accompanying condensed consolidated financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on such condensed consolidated financial statements in relation to the complete consolidated financial statements.
    In our opinion, the information set forth in the accompanying condensed consolidated balance sheet as of December 31, 2002 and the related condensed consolidated statements of income and cash flows for the year then ended is fairly stated in all material respects in relation to the consolidated financial statements from which it has been derived.

DELOITTE & TOUCHE LLP
Chicago, Illinois
January 21, 2003