THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Penford Corporation (PENX)

12/20/2004 and 12/20/2005 Proxy Information

Jeffrey T. Cook was President of Penford Corporation from January 2002 to January 2003. He previously served as President and Chief Executive Officer from September 1998 to January 2002, Vice President, Finance and Chief Financial Officer from 1991 to August 1998, and was the Corporate Treasurer prior to that time.

1/5/2004 Proxy Information

Jeffrey T. Cook was President of Penford Corporation from January 2002 to January 2003. He previously served as President and Chief Executive Officer from September 1998 to January 2002, Vice President, Finance and Chief Financial Officer from 1991 to August 1998, and was the Corporate Treasurer prior to that time. He joined the Company in 1983.