December 28, 2004

Corn Products International, Inc. Purchases Remaining Interest in Korean Business

Corn Products International, Inc. today announced that it has entered into an agreement to acquire the remaining minority interest in its Korean business from Doosan Corporation for approximately $65 million (US). This is an acceleration of Doosan Corporation's right to sell its remaining interest to Corn Products International, which was exercisable in 2005.

The transaction is expected to be finalized on December 29, 2004.

The business, which will be called Corn Products Korea, Inc. effective on January 1, 2005, will be a 100-percent owned subsidiary of 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.