Evergreen Packaging International F-4/A Registration of securities (foreign) (amended)

EXHIBIT 12.1

Computation of Ratio of Earnings to Fixed Charges

	Year Ended December 31,															Nine Months Ended September 30,
	2007			2008			2009			2010			2011			2011			2012
Earnings
Pre-tax income (loss) from continuing operations	$	(141	)	$	(250	)	$	266		$	(19	)	$	(473	)	$	(451	)	$	(213	)
Distributed income of equity investees		—			—			1			4			8			6			6
Fixed charges		230			424			399			655			1,374			942			1,148
Less:
Share of profit of associates and joint ventures, net of income tax		(4	)		(6	)		(11	)		(18	)		(17	)		(14	)		(19	)
Non-controlling interests		—			—			—			—			(2	)		(1	)		(1	)
Interest capitalized		—			(1	)		(3	)		(1	)		(4	)		(3	)		(2	)
Earnings	$	85		$	167		$	652		$	621		$	886		$	479		$	919
Fixed Charges
Interest expense and capitalized	$	200		$	379		$	317		$	512		$	1,129		$	773		$	1,090
Amortized premiums, discounts and capitalized expenses related to indebtedness		24			29			29			30			204			137			31
Fair value adjustment of acquired notes		—			—			—			(1	)		—			—			—
Graham Packaging Notes tender offer fees		—			—			—			—			5			5			—
Unamortized debt issue costs written off		—			—			36			—			—			—			—
2010 debt commitment letter & related costs		—			—			—			97			—			—			—
Estimate of interest in rental expense		6			16			17			17			36			27			27
Total fixed charges	$	230		$	424		$	399		$	655		$	1,374		$	942		$	1,148
Ratio of Earnings to Fixed Charges		—			—			1.6x			—			—			—			—
Additional Pre-Tax Earnings to Achieve 1:1 Ratio	$	145		$	257		$	(253	)	$	34		$	488		$	463		$	229