LAKE FOREST, Ill. – May 2, 2005 – Pactiv Corporation (NYSE: PTV) today announced that Richard Wambold, chairman and chief executive officer, will speak to the investment community at the Banc of America Securities 2005 Basic Industries Conference on May 4 at 9:45 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 4 through May 17.

Pactiv Corporation is a leading producer of specialty packaging products for the consumer, foodservice/food packaging and protective/flexible packaging markets. With sales of $3.4 billion and operations in 16 countries, Pactiv has one of the broadest product lines in the specialty packaging industry. For more information about Pactiv, visit the company’s web site at www.pactiv.com.