Penford Corporation Announces Second Quarter 2006 Earnings Conference Call

Penford Corporation (Nasdaq:PENX) will hold a
conference call to discuss the results for the fiscal quarter ended
February 28, 2006.
   President and Chief Executive Officer Thomas Malkoski and Chief
Financial Officer Steven Cordier will host the call. Please phone
1-877-407-9205 at 8:50 a.m. Mountain Time on Tuesday, March 21, 2006,
to participate in the call. The conference call will begin at 9:00
a.m. Mountain Time (11:00 am Eastern Time).
   If you are unable to participate on the call, a replay will be
available from March 21, 2006, at 11:00 a.m. Mountain Time until March
28, 2006, at 9:59 a.m. Mountain Time. To access the replay, please
dial 1-877-660-6853. Enter pass code 286 and conference ID code
191624.
   This call is also available in "listen only" mode through our
website at www.penx.com under the section titled Investor Relations.

   About Penford Corporation

   Penford Corporation develops, manufactures and markets specialty
natural-based ingredient systems for various applications, including
papermaking, textiles and food products.