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INGREDION INCORPORATED ANNOUNCES $300 MILLION SENIOR NOTE OFFERING AND SUBSEQUENT PRICING

WESTCHESTER, Ill., September 17, 2012 - Ingredion Incorporated (NYSE:  INGR), a leading global provider of ingredients solutions to diversified industries, today announced an offering of $300 million aggregate amount 1.800 percent senior notes due September 25, 2017.

The offering was made pursuant to a registration statement filed with the U.S. Securities and Exchange Commission.  The transaction is expected to close on September 20, 2012, subject to customary closing conditions.

Ingredion plans to use approximately $200 million of the net proceeds of the offering to repay outstanding indebtedness under its revolving credit facility and to use the remaining net proceeds for general corporate purposes.

J.P. Morgan Securities LLC, Merrill Lynch, Pierce Fenner & Smith Incorporated and Citigroup Global Markets Inc. acted as joint book-running managers for the offering.

This offering of senior notes may be made only by means of a prospectus supplement and an accompanying prospectus.  Copies of the prospectus supplement and the accompanying prospectus relating to this offering can be obtained from:

J.P. Morgan Securities LLC Merrill Lynch, Pierce Fenner & Smith Incorporated Citigroup Global Markets Inc.
383 Madison Avenue 222 Broadway, 7th Floor Brooklyn Army Terminal
New York, NY 10179 New York, NY 10038 140 58th Street, 8th floor
Attn: Investment Grade Attn:  Prospectus Department Brooklyn, NY  11220
Syndicate Desk Attn: Prospectus Department
212-834-4533 800-294-1322 877-858-5407

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these senior notes in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

ABOUT THE COMPANY

Ingredion Incorporated (NYSE:INGR) is a leading global ingredients solutions provider specializing in nature-based sweeteners, starches and nutrition ingredients. With customers in more than 40 countries, Ingredion, formerly Corn Products International, Inc. serves approximately 60 diverse sectors in food, beverage, brewing, pharmaceuticals and other industries.

Forward-Looking Statements

This news release contains or may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends these forward-looking statements to be covered by the safe harbor provisions for such statements.

Forward-looking statements include, among other things, any statements regarding the Company's prospects or future financial condition, earnings, revenues, tax rates, capital expenditures, expenses or other financial items, any statements concerning the Company's prospects or future operations, including management's plans or strategies and objectives therefor and any assumptions, expectations or beliefs underlying the foregoing.

These statements can sometimes be identified by the use of forward looking words such as "may," "will," "should," "anticipate," "believe," "plan," "project," "estimate," "expect," "intend," "continue," "pro forma," "forecast" or other similar expressions or the negative thereof. All statements other than statements of historical facts in this release or referred to in this release are "forward-looking statements."

These statements are based on current expectations, but are subject to certain inherent risks and uncertainties, many of which are difficult to predict and are beyond our control. Although we believe our expectations reflected in these forward-looking statements are based on reasonable assumptions, stockholders are cautioned that no assurance can be given that our expectations will prove correct.

Actual results and developments may differ materially from the expectations expressed in or implied by these statements, based on various factors, including the effects of global economic conditions, including, particularly, continuation or worsening of the current economic conditions in Europe, and their impact on our sales volumes and pricing of our products, our ability to collect our receivables from customers and our ability to raise funds at reasonable rates; fluctuations in worldwide markets for corn and other commodities, and the associated risks of hedging against such fluctuations; fluctuations in the markets and prices for our co-products, particularly corn oil; fluctuations in aggregate industry supply and market demand; the behavior of financial markets, including foreign currency fluctuations and fluctuations in interest and exchange rates; continued volatility and turmoil in the capital markets; the commercial and consumer credit environment; general political, economic, business, market and weather conditions in the various geographic regions and countries in which we buy our raw materials or manufacture or sell our products, including continuation or worsening of the current severe drought conditions in the U.S.; future financial performance of major industries which we serve, including, without limitation, the food and beverage, pharmaceuticals, paper, corrugated, textile and brewing industries; energy costs and availability, freight and shipping costs, and changes in regulatory controls regarding quotas, tariffs, duties, taxes and income tax rates; operating difficulties; availability of raw materials, including tapioca and the specific varieties of corn upon which our products are based(availability of specific varieties of corn upon which certain of our products are based will be impacted by current severe drought conditions in the U.S., which both reduce yields and increase the corn plants' susceptibility to disease); energy issues in Pakistan; boiler reliability; our ability to effectively integrate and operate acquired businesses, including National Starch; our ability to achieve budgets and to realize expected synergies; our ability to complete planned maintenance and investment projects successfully and on budget; labor disputes; genetic and biotechnology issues; changing consumption preferences including those relating to high fructose corn syrup; increased competitive and/or customer pressure in the corn-refining industry; and the outbreak or continuation of serious communicable disease or hostilities including acts of terrorism.

Our forward-looking statements speak only as of the date on which they are made and we do not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of the statement as a result of new information or future events or developments. If we do update or correct one or more of these statements, investors and others should not conclude that we will make additional updates or corrections. For a further description of these and other risks, see "Risk Factors" included in our Annual Report on Form 10-K for the year ended December 31, 2011 and subsequent reports on Forms 10-Q and 8-K.

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CONTACT:

Investors:            Aaron Hoffman, 708-551-2592

Media:                  Claire Regan, 708-551-2602


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