EXHIBIT 99.1

   RIVERWOOD ANNOUNCES EXTENSIONS AND AMENDMENTS OF TENDER OFFERS FOR SENIOR
                      SUBORDINATED NOTES AND SENIOR NOTES


         Atlanta, GA (July 30, 2002) - Riverwood Holding, Inc. and Riverwood
International Corporation announced today the extensions of the tender offer
expiration dates for Riverwood International's pending cash tender offers to
purchase any and all of its outstanding 10 7/8% Senior Subordinated Notes due
2008 (CUSIP No. 769507AJ3), 10 5/8% Senior Notes due 2007 issued in July 1997
(CUSIP No. 769507AM6) and 10 5/8% Senior Notes due 2007 issued in June 2001
(CUSIP No. 769507AQ7).

         Each tender offer had been scheduled to expire at 5:00 P.M., New York
City time, on Friday, August 2, 2002. The tender offer expiration date for each
tender offer is being extended to 5:00 P.M., New York City time, on Friday,
September 6, 2002, unless further extended. In addition, each tender offer is
being amended (1) to permit holders to withdraw their Notes at any time prior to
the applicable tender offer expiration date and (2) to provide that Riverwood
International will pay the applicable tender offer consideration plus the
consent payment equal to $2.50 for each $1,000 principal amount of Notes
tendered to all holders who tender their Notes on or prior to the applicable
tender offer expiration date. Prior to such amendment, the consent payment was
payable only to holders who tendered their Notes on or prior to the June 28,
2002 consent expiration date and withdrawal rights had expired on June 28, 2002.
A holder who withdraws its Notes and does not re-tender such Notes on or prior
to the applicable tender offer expiration date will not receive the applicable
tender offer consideration or consent payment.

         The tender offers are being extended and amended due to current equity
market conditions affecting the timing of the proposed initial public offering
of common stock by Riverwood Holding. Riverwood Holding continues to work
towards the completion of its proposed initial public offering and related
financing transactions, subject to market conditions.

         As of the close of business on July 29, 2002, the following principal
amounts of Notes had been tendered: approximately $306 million of the $400
million outstanding principal amount of the 10 7/8% Senior Subordinated Notes
due 2008; approximately $201 million of the $250 million outstanding principal
amount of the 10 5/8% Senior Notes due 2007 issued in July 1997; and
approximately $206 million of the $250 million outstanding principal amount of
the 10 5/8% Senior Notes due 2007 issued in June 2001.

         On May 30, 2002, Riverwood International commenced the cash tender
offers to purchase any and all of its outstanding Notes of each issue, as well
as the related consent solicitations, from holders. The purpose of each consent
solicitation was to amend the applicable indenture to eliminate substantially
all of the restrictive covenants, certain repurchase rights and certain events
of default and related provisions contained in such indenture. The consent
solicitations expired at 5:00 P.M., New York City time, on Friday,






June 28, 2002. As Riverwood International received requisite consents in each of
the consent solicitations, Riverwood International and the trustee under each
indenture executed a supplemental indenture relating to each such indenture as
of July 1, 2002. The amendments to each indenture will not become operative
unless and until the relevant Notes are accepted by Riverwood International for
purchase pursuant to the related tender offer.

         Riverwood International is making a separate offer with respect to each
issue of Notes, and no offer is conditioned on the consummation of any other
offer. Consummation of each offer is subject to certain conditions, including
the consummation of the proposed initial public offering of common stock by
Riverwood Holding, Inc. and the consummation of certain other anticipated
financing transactions, in each case on terms satisfactory to Riverwood
International. Subject to applicable law, Riverwood International may, in its
sole discretion, waive or amend any condition to any offer or solicitation, or
extend, terminate or otherwise amend any offer or solicitation.

         Deutsche Bank Securities Inc. and J.P. Morgan Securities Inc. are the
dealer managers for the offers and solicitation agents for the solicitations.
MacKenzie Partners, Inc. is the information agent and State Street Bank and
Trust Company is the depositary in connection with the offers and solicitations.
The offers are being made pursuant to an Offer to Purchase and Consent
Solicitation Statement, dated May 30, 2002, and the related Consent and Letter
of Transmittal (as each may be amended from time to time), which together set
forth the complete terms of the offers and solicitations. Copies of the Offer to
Purchase and Consent Solicitation Statement and related documents may be
obtained from MacKenzie Partners, Inc. at (800) 322-2885. Additional information
concerning the terms of the offers and the solicitations may be obtained by
contacting Deutsche Bank at (212) 469-7772 or JPMorgan at (800) 831-2035.

         Riverwood, headquartered in Atlanta, Georgia, is a leading provider of
paperboard packaging solutions and paperboard to multinational beverage and
consumer products companies.

         This press release is not an offer to purchase, a solicitation of an
offer to purchase, or a solicitation of an offer to sell securities. Each offer
and solicitation is only made pursuant to the Offer to Purchase and Consent
Solicitation Statement, dated May 30, 2002, and the related Consent and Letter
of Transmittal (as each may be amended from time to time).

Source: Riverwood Holding, Inc. and Riverwood International Corporation
Contact: Steve Myers (770) 644-3022