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For Immediate Release

MGP Ingredients, Inc. Schedules First Quarter 2003
Financial Release Date, Conference Call


ATCHISON, Kan., November 8, 2002 - MGP Ingredients, Inc. will report its
fiscal 2003 first quarter financial results prior to the opening of the market
on Tuesday, November 12, to be followed by an investor conference call at 9 a.m.
central time that day. Participating in the conference call will be Ladd
Seaberg, President and Chief Executive Officer; Steve Pickman, Vice President of
Corporate Relations; Brian Cahill, Vice President and Chief Financial Officer;
and Mike Trautschold, Executive Vice President of Marketing and Sales. They will
review the company's first quarter results and certain forward-looking
information.

Interested persons may listen to the conference call via telephone by
dialing (888) 417-2310 before 8:55 a.m., or access it on the Internet at
www.mgpingredients.com.

Additionally, Seaberg and Trautschold will deliver a presentation at an
institutional investor conference arranged by The Wall Street Analyst Forum on
November 13 at which forward-looking information maybe given. The presentation
will be carried by a simultaneous webcast beginning at approximately 11:30 a.m.
central time. The webcast may be accessed at www.mgpingredients.com.

In business for more than half a century, MGP Ingredients, Inc. is a
recognized pioneer in the development and production of natural grain-based
products. The company has facilities in Atchison, Kan., Pekin, Ill., and Kansas
City, Kan. that utilize the latest technologies to assure high quality products
and to maintain efficient production and service capabilities.

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