PENX (MM)

Penford Corporation (Nasdaq:PENX) will hold a conference call to discuss the results for the fiscal quarter ended February 28, 2006. President and Chief Executive Officer Thomas Malkoski and Chief Financial Officer Steven Cordier will host the call. Please phone 1-877-407-9205 at 8:50 a.m. Mountain Time on Tuesday, March 21, 2006, to participate in the call. The conference call will begin at 9:00 a.m. Mountain Time (11:00 am Eastern Time). If you are unable to participate on the call, a replay will be available from March 21, 2006, at 11:00 a.m. Mountain Time until March 28, 2006, at 9:59 a.m. Mountain Time. To access the replay, please dial 1-877-660-6853. Enter pass code 286 and conference ID code 191624. 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 various applications, including papermaking, textiles and food products.