On January 31, 2017, Registrant released its fourth>quarter
2016>earnings and is furnishing to the Securities and Exchange
Commission a copy of the earnings press release as Exhibit 99.1
to this Report under Item 2.02 of Form 8-K.

Exhibit 99.1 to this Report contains certain financial measures
that are considered non-GAAP financial measures as defined in the
SEC rules. Exhibit 99.1 to this Report also contains the
reconciliation of these non-GAAP financial measures to their most
directly comparable financial measures calculated and presented
in accordance with generally accepted accounting principles, as
well as the reasons why Registrants management believes that
presentation of the non-GAAP financial measures provides useful
information to investors regarding Registrants results of
operations and, to the extent material, a statement disclosing
any other additional purposes for which Registrants management
uses the non-GAAP financial measures.

The information contained in Item 2.02 of this Report and in
Exhibit 99.1 to this Report shall not be deemed filed with the
Commission for purposes of Section 18 of the Exchange Act of
1934, as amended, or otherwise subject to the liability of that
section.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Forward Looking Statements

This presentation contains forward-looking statements as defined
in the Private Securities Litigation Reform Act of 1995. The
words anticipate, believe, estimate, expect, intend, will, should
and similar expressions, as they relate to us, are intended to
identify forward-looking statements. These statements reflect
managements current beliefs, assumptions and expectations and are
subject to a number of factors that may cause actual results to
differ materially. Such factors include but are not limited to:
changes in economic conditions, political conditions, trade
protection measures, licensing requirements and tax matters in
the United States and in the foreign countries in which we do
business; changes in foreign currency exchange rates; our ability
to successfully develop new products, technologies and service
offerings and to protect our intellectual property rights; the
risk that multi-year contracts with governmental entities could
be terminated prior to the end of the contract term and that
civil or criminal penalties and administrative sanctions could be
imposed on us if we fail to comply with the terms of such
contracts and applicable law; actions of competitors and our
ability to promptly and effectively react to changing
technologies and customer expectations; our ability to obtain
adequate pricing for our products and services and to maintain
and improve cost efficiency of operations, including savings from
restructuring actions; the risk that individually identifiable
information of customers, clients and employees could be
inadvertently disclosed or disclosed as a result of a breach of
our security systems; reliance on third parties, including
subcontractors, for manufacturing of products and provision of
services; our ability to expand equipment placements; interest
rates, cost of borrowing and access to credit markets; the risk
that our products may not comply with applicable worldwide
regulatory requirements, particularly environmental regulations
and directives; the outcome of litigation and regulatory
proceedings to which we may be a party; the potential that Xerox
will not realize all of the expected benefits of the separation
of its former business process outsourcing business; and other
factors that are set forth in the Risk Factors section, the Legal
Proceedings section, the Managements Discussion and Analysis of
Financial Condition and Results of Operations section and other
sections of our Quarterly Reports on Form 10-Q for the quarters
ended March 31, 2016, June 30, 2016 and September 30, 2016 and
our 2015 Annual Report on Form 10-K filed with the Securities and
Exchange Commission. Xerox assumes no obligation to update any

forward-looking statements as a result of new information or
future events or developments, except as required by law.