News Highlights

Corn Products International Reports 2010 Fourth Quarter and Full Year Results
February 16,2011

2010 Fourth Quarter and Full Year Results

4Q 2010 Corn Products Earnings Presentation

• Fourth quarter 2010 reported EPS declined 9 percent from $0.74 to $0.67
• Fourth quarter 2010 adjusted EPS rose 42 percent from $0.74 to $1.05
• Full year 2010 reported EPS was up 307 percent from $0.54 to $2.20
• Full year 2010 adjusted EPS increased 61 percent from $2.01 to $3.24

WESTCHESTER, Ill., February 17, 2011 – Corn Products International, Inc. (NYSE: CPO), a leading global provider of ingredient solutions to diversified industries, today reported that fourth quarter diluted earnings per share (EPS) declined 9 percent to $0.67 compared to $0.74. The fourth quarter of 2010 included $0.38 of charges resulting from acquisition, integration and other costs related to National Starch. Excluding these items, adjusted EPS rose 42 percent from $0.74 to $1.05 in the quarter.

For the full year, reported EPS was up 307 percent to $2.20 from $0.54 in 2009. Full year 2009 EPS included $1.47 of impairment and restructuring charges while full year 2010 included $1.04 of charges related to impairment and restructuring expenses as well as acquisition, integration and other costs related to National Starch. Excluding these items from both periods, full year adjusted EPS was up 61 percent from $2.01 to $3.24 for the year. For both the quarter and full year, National Starch operations had an estimated positive EPS impact of $0.23.

“We’re pleased to report strong results for the full year, primarily driven by organic volume growth, lower input costs, higher utilization rates and the impact of owning National Starch for the entire fourth quarter,” said Ilene Gordon, Chairman, President and Chief Executive Officer. “Our performance reflects the ongoing benefits of executing against our Strategic Blueprint and achieving meaningful cost reductions. Looking ahead, we see substantial opportunities to generate further growth from an improving portfolio particularly in specialty products from National Starch as well as ongoing geographic expansion.”