Penford to Release Third Quarter 2009 Results on July 10, 2009

Penford Corporation (Nasdaq: PENX), a global leader in ingredient systems for food and industrial applications, will provide results for its fiscal quarter ended May 31, 2009, on Friday, July 10, 2009. Management will host a conference call to discuss the results the same day, July 10, at 9:00 a.m. Mountain Time (11:00 a.m. Eastern Time).

Earnings Call Information

President and Chief Executive Officer Thomas Malkoski and Chief Financial Officer Steven Cordier will host the call. Please phone [phone] at 8:50 a.m. Mountain Time on Friday, July 10, 2009, to participate in the call. The conference call will begin at 9:00 a.m. Mountain Time (11:00 am Eastern Time).

A replay will be available from July 10, 2009, at 11:00 a.m. Mountain Time until July 17, 2009 at 11:59 p.m. Eastern Time. To access the replay, please dial 1-877-660-6853. Enter pass code 286 and conference ID code 325328.

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 a variety of food and industrial applications. Penford has nine locations in the United States, Australia and New Zealand.