February 6, 2008

Corn Products International raises revenue estimates for 2008

Corn Products International announced today that it expects another year of solid earnings growth in 2008.

The company estimated its diluted earnings per share in 2008 to be in a range of US$2.65 to US$2.85, against record EPS in 2007 of US$2.59 reported today.

EPS in 2007 included a 5-cent gain from the Company's CME Group shares. The company expects net sales to reach US$3.7 billion in 2008 versus US$3.39 billion in 2007.

Sam Scott, chairman, president and CEO said that the 2008 outlook is based on expected growth in their North and South American regions. However, he expects a tough year in Asia and Africa due to lower results in South Korea.

The 2008 outlook for the South America region results from an expected growth in Brazil and the Southern Cone. Corn Products believes its South American business model should enable the region to pass through increased corn costs during 2008.

For Asia and Africa, a decline in operating income is seen to be triggered by lower results from the South Korean business. Higher corn costs and freight costs are forecasted to negatively impact volume, net sales and operating income. The rest of the Asia and Africa region is expected to perform above their 2007 results.

Scott added that South Korea's lower performance is masking better performance in the rest of the region. Pakistan and Thailand are expected to post higher results.

Corn Products International 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.