Pactiv Corporation

LAKE FOREST, Ill. - June 7, 2000 - Pactiv Corporation (NYSE: PTV), a $3 billion specialty packaging company headquartered in Lake Forest, today announced that it is in final contract negotiations with First Industrial, a real estate developer, to build a 320,000 square foot warehouse near it's manufacturing site located on Morton Avenue in Jacksonville, IL. Pactiv's proposed new distribution facility will store and distribute Hefty® brand waste bags and Hefty®One Zip® resealable food bags.

This distribution center is being designed to accommodate expected growth through 2005. Based on projected growth through 2005 and the consolidation of satellite operations in the region, Pactiv expects to add 10 - 15 new warehouse jobs over the next five years. Pactiv expects to take occupancy of the new distribution center by the end of this year. Consistent with existing operations, the facility will operate 7 days a week, 24 hours a day.

The distribution center will support approximately 45 inbound shipments per day, including deliveries from Pactiv's manufacturing sites on Superior Avenue and Morton Avenue in Jacksonville, and 45 outbound shipments per day.

Pactiv Corporation is a leading provider of advanced packaging solutions for the consumer, foodservice/food packaging and protective and flexible packaging markets. The specialty packaging leader currently operates 85 facilities in 17 countries around the world. For more information about Pactiv, visit the company's web site a www.pactiv.com.