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RIVERWOOD INTERNATIONAL HOLDS FIRST ANNUAL SHAREHOLDERS' MEETING AND DECLARES COMMON STOCK DIVIDEND

 ATLANTA, June 4 /PRNewswire/ -- Riverwood International Corporation (NYSE:RVW) held its first annual shareholders' meeting yesterday in Denver, Colo. Also yesterday, the Board of Directors of Riverwood International Corporation declared a quarterly cash dividend of $.04 per share on the company's common stock, payable June 22, 1993 to shareholders of record at the close of business on June 15, 1993.
 Christian E. Markey, Jr. was newly elected to the company's board of directors, bringing the number of directors to 14. He is a former vice president and general counsel of the University of Southern California and is presently a trustee of the Manville Personal Injury Settlement Trust. As earlier announced, Archie R. Dykes and Robert S. Hamada retired from the Board of Riverwood International, effective June 3.
 "1993 is a transition year for us. We are midway through the construction project at our Macon, Ga. mill for new coated board capacity. Our earnings are suffering short term due to low linerboard prices, especially since more than half of our paperboard capacity is still devoted to uncoated commodity grades," said Thomas H. Johnson, president and chief executive officer, at the shareholders' meeting. "We have confidence that the company's board of directors will provide thoughtful counsel during this important period in the company's history."
 Riverwood International Corporation is a global machinery-based packaging systems and paper products company. At the end of 1992, the company employed more than 8,500 people worldwide and had sales of more than $1 billion and assets of approximately $2 billion. The company is headquartered in Atlanta, Ga. and has seven major business operations spanning North America, Europe, Asia-Pacific, Central and South America.
 -0- 6/4/93
 /CONTACT: Jim Caverlee of Riverwood International, 404-644-3023/
 (RVW)


CO: Riverwood International Corporation ST: Georgia IN: MAC PAP SU: DIV

TM -- NY006 -- 5302 06/04/93 08:02 EDT
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Publication:PR Newswire
Date:Jun 4, 1993
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