Reynolds Consumer Products F-4/A Registration of securities (foreign) (amended)

EXHIBIT 12.1

Computation of Ratio of Earnings to Fixed Charges

															Nine months ended
	Year Ended December 31,														September 30,
	2006		2007			2008			2009			2010			2011
	(Audited)
	($ in millions, except ratios)
Earnings
Pre-tax income (loss) from continuing operations	$	—	$	(141.1	)	$	(250.0	)	$	265.4		$	(18.8	)	$	(444.9	)
Distributed income of equity investees		—		—			—			1.4			3.9			6.3
Fixed charges		—		230.2			423.7			399.2			666.5			1,003.8
Less:
Share of profit of associates and JVs, net of income tax		—		(3.6	)		(6.3	)		(11.4	)		(18.1	)		(13.5	)
Non-controlling interests				—			(0.4	)		0.2			—			(1.1	)
Interest capitalized		—		—			(0.9	)		(3.2	)		(0.7	)		(0.5	)
Earnings	$	—	$	85.5		$	166.1		$	651.6		$	632.8		$	550.1
Fixed Charges
Interest expense and capitalized	$	—	$	200.4		$	378.5		$	316.9		$	520.5		$	844.0
Amortized premiums, discounts and capitalized expenses related to indebtedness		—		24.1			29.4			29.5			32.5			149.4
FV adj of acquired notes		—		—			—			—			(1.1	)		(7.1	)
Graham Packaging Notes tender offer fees		—		—			—			—			—			4.7
Unamortized debt issue costs written off		—		—			—			36.2			—			—
2010 debt commitment letter & related costs		—		—			—			—			97.5			—
Estimate of interest in rental expense		—		5.7			15.8			16.6			17.1			12.8
Total fixed charges	$	—	$	230.2		$	423.7		$	399.2		$	666.5		$	1,003.8
Ratio of Earnings to Fixed Charges		—		—			—			1.6x			—			—
Additional Pre-Tax Earnings to Achieve 1:1 Ratio	$	—	$	144.7		$	257.6		$	—		$	33.7		$	453.7