February 23, 2012

A net income of US$95.1 million or US$1.22 per diluted share for the fourth quarter ended September 30, 2011 has been reported by Corn Products International, Inc., up 83%, compared to US$52 million, or US$0.67 per diluted share, for the same quarter ended September 30, 2010.

The company expects net sales to reach US$7 billion in 2012. Net sales for the fourth quarter ended September 30, 2011 were US$1.55 billion, compared to US$1.41 billion for the same quarter ended September 30, 2010.

Net income attributable to the company for the year ended September 30, 2011 was US$415.7 million, or US$5.32 per diluted share, compared to US$169.2 million, or US$2.20 per diluted share, for the year ended September 30, 2010.

Net sales for the year ended September 30, 2011 were US$6.22 billion, compared to US$4.37 billion for the year ended September 30, 2010.

The company expects EPS for 2012 to be in a range of US$4.84-5.09. The guidance includes an anticipated US$0.16 per share of acquisition integration and restructuring charges. Excluding those charges, adjusted EPS for 2012 is expected to be in a range of US$5.00-5.25, an increase of 7% to 12% compared to 2011 adjusted EPS.

"Corn Products delivered another very good quarter and closed out an outstanding year," said Ilene Gordon, chairman, president and CEO. "Through challenging economic and weather conditions around the world, our businesses executed against plan, driving meaningful growth while investing for the future. At the same time, we continued the successful integration of the National Starch acquisition."