RW Packaging Limited ("RWP") (TSX VENTURE:RWP) announced today an update on its
going private transaction. The common shares ("Shares") of RWP will be
voluntarily halted from trading on the TSXV effective at the close of business
on April 14, 2008 and are anticipated to be delisted from the TSXV effective at
the close of business on April 16, 2008 or shortly thereafter. The consolidation
of Shares approved at the special meeting of shareholders of RWP held on
February 21, 2008 will be completed effective April 18, 2008 on a 69,900-for-one
basis, with shareholders being entitled to a cash payment of $0.65 for each
pre-consolidation Share ($45,435 for each post-consolidation Share) in lieu of
fractional post-consolidation Shares. Each person who is registered as a
shareholder of the Corporation immediately prior to the effective time of the
Share consolidation and who is entitled to receive a cash payment in lieu of a
fractional post-consolidation Share will be sent a letter of transmittal to be
completed and returned to RWP, together with the certificate representing the
pre-consolidation Shares held by such person. Upon receipt by RWP of a completed
letter of transmittal and Share certificate, RWP will send the applicable cash
payment.


RW is GMP licensed and ISO 9001 registered. The Company blends and packages
liquid and powder private brand consumer products for major retailers and
national brand marketers across North America.


Additional information relating to the Company is available online at
www.sedar.com or the Company's website at www.rwpackaging.com.


Shares Issued 5,308,107

2008-04-09 Close $0.65
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