CPO Ingredion, Inc.

Corn Products International, Inc. Announces Joint Venture in China Joint Venture Establishes Manufacturing Base in Chinese Market WESTCHESTER, Ill., June 26 /PRNewswire-FirstCall/ -- Corn Products International, Inc. (NYSE:CPO) today announced that it is establishing a manufacturing presence in China by acquiring controlling interest in a new joint venture that will manufacture modified corn starches for the Chinese market. The business, Golden Far East (Shouguang) Modified Starch Company, Ltd., is a joint venture between Corn Products International and Shandong Juneng Electric Power Group Golden Corn Development Company, Ltd. The business consists of a plant headquartered in Shouguang city, Shandong province, approximately 200 miles south of Beijing. It is well positioned to serve the Beijing and Shanghai regions within China, and other markets in the area as well. Terms of the transaction were not disclosed. "Establishing what we expect will be our initial manufacturing presence in China is aligned with our Company's strategy of growing businesses in new, high-growth regions," said Sam Scott, chairman, president and chief executive officer of Corn Products International. "Demand for our ingredients continues to increase in China, and we look forward to participating in this dynamic marketplace." ABOUT CORN PRODUCTS INTERNATIONAL, INC. Corn Products International, Inc. is one of the world's largest corn refiners and a major supplier of high-quality food ingredients and industrial products derived from the wet milling and processing of corn and other starch- based materials. The Company is the number-one worldwide producer of dextrose and a leading regional producer of starch, high fructose corn syrup and glucose. In 2003, the Company recorded net sales of $2.1 billion with operations in 19 countries at 37 plants, including wholly owned businesses, affiliates and alliances. Headquartered in Westchester, Ill., it was founded in 1906. The Company is listed on the New York Stock Exchange under the symbol CPO. Additional information can be found on the World Wide Web at http://www.cornproducts.com/ . This press release contains or may contain forward-looking statements concerning the Company's financial position, business and future earnings and prospects, in addition to other statements using words such as "anticipate," "believe," "plan," "estimate," "expect," "intend" and other similar expressions. These statements contain certain inherent risks and uncertainties. Although we believe our expectations reflected in these forward-looking statements are based on reasonable assumptions, stockholders are cautioned that no assurance can be given that our expectations will prove correct. Actual results and developments may differ materially from the expectations conveyed in these statements, based on various factors, including fluctuations in worldwide commodities markets and the associated risks of hedging against such fluctuations; fluctuations in aggregate industry supply and market demand; general political, economic, business, market and weather conditions in the various geographic regions and countries in which we manufacture and sell our products, including fluctuations in the value of local currencies, energy costs and availability and changes in regulatory controls regarding quotas, tariffs, taxes and biotechnology issues; increased competitive and/or customer pressure in the corn-refining industry; the outbreak or continuation of hostilities; stock market fluctuation and volatility; and the resolution of the current uncertainties relating to the Mexican HFCS tax. Our forward-looking statements speak only as of the date on which they are made and we do not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of the statement. If we do update or correct one or more of these statements, investors and others should not conclude that we will make additional updates or corrections. For a further description of risk factors, see the Company's most recently filed Annual Report on Form 10-K and subsequent reports on Forms 10-Q or 8-K. DATASOURCE: Corn Products International, Inc. CONTACT: Investors, Richard Vandervoort, +1-708-551-2595, or Media, Mark Lindley, +1-708-551-2602 (office), +1-708-557-5221 (cell), both of Corn Products International, Inc. Web site: http://www.cornproducts.com/

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