Richards Packaging Income Fund announces August distribution

    TORONTO, Aug. 21 /CNW/ - Richards Packaging Income Fund (TSX: RPI.UN)
(the "Fund") announced today its cash distribution for the month ended
August 31, 2007 of Cdn$0.0935 per unit. This distribution will be to
unitholders of record at the close of business on August 31, 2007, and will be
payable on September 14, 2007. Unitholders who are non-residents of Canada
will be required to pay all withholding taxes payable in respect of any
distributions of income by the Fund, whether such distributions are in the
form of cash or additional units.

    About Richards Packaging

    Richards Packaging is a full-service packaging distributor targeting
small- and medium-sized North American businesses. Richards Packaging has
operated for over 90 years and currently serves over 7,000 regional food, wine
and spirits, cosmetic, specialty chemical, pharmaceutical and other companies
from 17 locations throughout North America.

    %SEDAR: 00020433E

For further information:

For further information: Gerry Glynn, Chief Executive Officer, Richards
Packaging Inc., (905) 624-3391,; Enzio Di
Gennaro, Chief Financial Officer, Richards Packaging Inc., (416) 245-8230,

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