This policy setting allows you to specify a path to save the Offline Address Book. This policy setting will apply to all ...

This policy setting allows you to specify a path to save the Offline Address Book.  This policy setting will apply to all Microsoft Exchange accounts.

If you enable this policy setting, you may specify a path to save the Offline Address Book.

If you disable or do not configure this policy setting, Outlook will save the Offline Address Book in %USERPROFILE%\AppData\Local\Microsoft\Outlook.