March 9, 2017 -- KeyCorp announced today that all of its outstanding 7.75% Non-Cumulative Perpetual Convertible Preferred Stock, Series A (NYSE:KEY.G) will convert into KeyCorp common shares, effective March 20, 2017. On the Mandatory Conversion Date, holders of the Series A Preferred Stock will receive 7.0922 KeyCorp common shares for each share of Series A Preferred Stock. Cash will be paid in lieu of fractional common shares. There are currently 2,900,234 shares of Series A Preferred Stock outstanding. No action by holders of the Series A Preferred Stock is required. KeyCorp previously announced that a dividend payment of $1.9375 per share of Series A Preferred Stock was declared by the Board of Directors on January 12, 2017, payable on March 15, 2017 to holders of record on February 28, 2017. This dividend payment will be made in the customary manner. Upon conversion, the Series A Preferred Stock will no longer be outstanding and all rights with respect to the Series A Preferred Stock will cease and terminate, except the right to receive the number of whole common shares issuable upon conversion of the Series A Preferred Stock and any required cash-in-lieu of fractional shares. Upon conversion, the Series A Preferred Stock will be delisted from trading on the New York Stock Exchange.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  KeyCorp Inc., 7.750% Non-Cumulative Perpetual Convertible Preferred Stock, Series A, liquidation preference $100 per share, not redeemable at the issuer's option at any time, and with no stated maturity. Non-cumulative distributions of 7.75% ($7.75) per annum are paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date which is the last business day of the month prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S-47 of the prospectus for further information). The preferred shares are convertible any time at the holder's option into 7.0922 common shares of KeyCorp Inc. (NYSE: KEY), an initial conversion price of $14.10 per common share. On or after 6/15/2013, if the price of the common stock exceeds 130% of the conversion price for 20 of any 30 consecutive trading days, the company may, at their option, cause the preferred shares to be converted into common shares at the then prevailing conversion price. In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the convertible preferred stock and the conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Conv Shrs Conv Price	Distribution Dates	15% Tax Rate
NYSE Chart	7.75% $7.75	$100.00 n.a.	Called for 3/20/2017 None	Baa3 BB+ 10/28/2015	7.0922 $14.10	3/15, 6/15, 9/15 & 12/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	YES

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Email Address	Investor_relations@keybank.com
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Address and Phone Numbers

Address:   127 Public Square, Cleveland, OH 44114
Main Phone Number	216-689-6300
Fax Number	216-689-7009
Investor Relations   Vernon L. Patterson	216-689-0520
Toll Free Phone Number	800-539-7216

CEO - Beth E. Mooney

CFO - Donald R. Kimble