Pactiv Presentation at the Bank of America BASics/Industrials Conference To Be Webcast Live

Pactiv Corporation (NYSE: PTV) today announced that Richard Wambold, chairman and chief executive officer, will speak to the investment community at the Bank of America BASics/Industrials Conference on May 7 at 8:00 a.m. Eastern time. Interested investors can access a live audio webcast of the presentation at www.pactiv.com under the Investor Relations section. A replay of the presentation will be available May 7 through May 23. Pactiv Corporation (NYSE: PTV) is a leader in the consumer and foodservice/food packaging markets it serves. With 2007 sales of $3.3 billion, Pactiv derives more than 80 percent 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 about Pactiv, log on to the company’s website at www.pactiv.com.