Richards Packaging Income Fund announces normal course issuer bid

    TORONTO, Nov. 13 /CNW/ - Richards Packaging Income Fund (TSX: RPI.UN)
(the "Fund") announces that it intends to commence a normal course issuer bid
to acquire up to 307,700 of its outstanding trust units representing
approximately 3% of its issued and outstanding units. As at November 8, 2007,
the Fund had 10,256,327 units issued and outstanding. All purchases will be
made through the facilities of and in accordance with the rules of the Toronto
Stock Exchange and all units purchased will be cancelled. Except where
reliance is had on the Exchange's block purchase exemption, the maximum number
of units purchasable under the bid on any trading day will be limited to 2,000
units. The normal course issuer bid will commence on November 15, 2007 and end
no later than November 14, 2008. Management of the Fund believes that such
purchases to be an appropriate and desirable use of available funds.

    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 18 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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