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