MGP Ingredients Board Declares Dividend

MGP Ingredients Board Declares Dividend

ATCHISON, Kan., March 5, 2013 (GLOBE NEWSWIRE) -- The Board of Directors of
MGP Ingredients, Inc. (Nasdaq:MGPI) declared a dividend of 5 cents ($0.05) per
share on the company's common stock on February 28, 2013. The dividend is
payable on April 10, 2013, to stockholders of record as of March 18, 2013.

"The board is pleased to authorize a dividend at this time as a reflection of
MGP's strong balance sheet and our confidence in the company's strategic
business initiatives and growth capabilities," said Board Chairman John
Speirs. "The company has continued to move forward on several fronts to
bolster its position as an innovative provider of high quality alcohol
products and specialty food ingredients to customers in the consumer packaged
goods industry. As with this dividend declaration, any future dividends will
be determined by the board based on the company's financial condition."

About MGP

MGP is a leading independent supplier of premium spirits, offering flavor
innovations and custom distillery blends to the beverage alcohol industry. The
company also produces high quality food grade industrial alcohol and
formulates grain-based starches and proteins into nutritional and highly
functional ingredients for the branded consumer packaged goods industry.The
company is headquartered in Atchison, Kansas, where a variety of distilled
alcohol products and food ingredients are manufactured.Distilled spirits are
also produced at company facilities in the adjacent towns of Lawrenceburg and
Greendale, Indiana. For more information, visit mgpingredients.com.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements as well as historical
information. Forward-looking statements are usually identified by or are
associated with such words as "intend," "plan," "believe," "estimate,"
"expect," "anticipate," "hopeful," "should," "may," "will," "could,"
"encouraged," "opportunities," "potential" and/or the negatives of these terms
or variations of them or similar terminology. They reflect management's
current beliefs and estimates of future economic circumstances, industry
conditions, Company performance and financial results and are not guarantees
of future performance. All such forward-looking statements are subject to
certain risks and uncertainties that could cause actual results to differ
materially from those contemplated by the relevant forward-looking statement.
Investors should not place undue reliance upon forward-looking statements and
the Company undertakes no obligation to publicly update or revise any
forward-looking statements. Important factors that could cause actual results
to differ materially from our expectations include, among others:
(i)disruptions in operations at our Atchison facility, (ii)the availability
and cost of grain and fluctuations in energy costs, (iii)the effectiveness of
our hedging strategy, (iv)the competitive environment and related market
conditions, (v)the ability to effectively pass raw material price increases
on to customers, (vi)the ability to effectively operate the Illinois Corn
Processing, LLC ("ICP") joint venture, (vii)our ability to maintain
compliance with all applicable loan agreement covenants, (viii)our ability to
realize operating efficiencies, (ix)actions of governments and (x)consumer
tastes and preferences. For further information on these and other risks and
uncertainties that may affect the Company's business, see Item 1A. Risk
Factors in Part II of the Company's Transition Report on Form 10-K for the
six-month period ended December 31, 2011.

CONTACT: For More Information
         Investors & Analysts:
         George Zagoudis, Investor Relations
         913-360-5441 or george.zagoudis@mgpingredients.com
        
         Media:
         Shanae Randolph, Corporate Director of Communications
         913-360-5442 or shanae.randolph@mgpingredients.com

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