<B>Riverwood Reports Third Quarter Results</B>

Riverwood International Corp. reported third quarter EBITDA of $80.6 million up 14.1% compared to $70.6 million in the third quarter of 1999. Net sales were $278.5 million, up 3.6% versus $268.7 million the prior year, due principally to higher volumes in North American markets, and improved containerboard and coated board pricing. These increases were offset by lower volumes in the international consumer product and North American beverage markets, and unfavorable foreign currency exchange rates in Europe. Income from operations was $37.5 million, compared with $31.7 million in the same period a year ago.

The coated board segment reported a 14.3% increase in EBITDA to $76.6 million compared with $67 million the third quarter of 1999. Total coated board net sales were $250.6 million in the third quarter of 2000, up 2.3% from $245.0 million for the prior-year period.

EBITDA in the company's containerboard segment increased to $6 million in the third quarter compared to $3.4 million in the third quarter of 1999. Containerboard net sales were $27.9 million in the third quarter, up 17.8% from $23.7 million a year ago.