Lake Forest, Illinois, USA – 02 October 2008 – Pactiv Corporation (NYSE: PTV) will hold a conference call on 22 October 2008, at 8:30 a.m. Eastern Time to discuss third quarter 2008 financial results. An earnings release will be issued 21 October after the New York Stock Exchange closes.

For listen-only access to the conference call, dial 201-689-8263 approximately 5 to 10 minutes before the start time on 22 October.

A replay of the call will be available from approximately 11:30 a.m. Eastern Time on 22 October to 11:59 p.m. Eastern Time on 19 November. To access the replay, dial 201-612-7415. The account number is 3055 and the conference ID number is 298359.

In addition, the conference call will be broadcast on Pactiv’s Web site, www.pactiv.com. To listen to the call, select “investor relations” and then press the live webcast link. Listeners should go to the Web site at least 15 minutes before the start of the call to register and download and install any necessary audio software.

The opportunity to listen to the conference call over the Internet also will be available through Viavid’s Web site at http://www.viavid.net. To listen to the conference call, follow the instructions contained in the previous paragraph.

A replay of the call will be available on both Web sites through 19 November.

Pactiv Corporation (NYSE: PTV) is a leader in the consumer and foodservice/food packaging markets it serves. With 2007 sales of USD 3.3 billion, Pactiv derives more than 80% of its sales from market sectors in which it holds the No. 1 or No. 2 market-share position. Pactiv’s Hefty® brand products include waste bags, slider storage bags, disposable tableware, and disposable cookware. Pactiv’s foodservice/food packaging offering is one of the broadest in the industry, including both custom and stock products in a variety of materials. For more information, visit www.pactiv.com.