Englewood, CO., Sept. 10, 2004

Penford Corporation to Present at Investment Community Conference

Penford Corporation – a natural ingredients company which develops, manufactures and markets specialty natural-based ingredient systems for various applications, including papermaking and food -- today announced that Steven O. Cordier, Chief Financial Officer, will present at Roth Capital Partners' Discovery Day conference hosted by RedChip Resources, LLC on Monday, September 13, 2004 at 4:00 p.m. Eastern Time.

Webcast of Presentation Available Via Company Web Site
A live webcast of the event will be available via the "Investor Relations" section of Penford’s Web site, www.penx.com. An archived presentation will be available for 90 days.