MGP Ingredients, Inc. Re-Elects Cloud L. Cray, Jr. to Board of Directors Along With New Members John Bridendall and Jeannine

MGP Ingredients, Inc. Re-Elects Cloud L. Cray, Jr. to Board of Directors Along
With New Members John Bridendall and Jeannine Strandjord

ATCHISON, Kan., Dec. 23, 2013 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc.
(Nasdaq:MGPI) (the "Company") today reported that Cloud L. "Bud" Cray, Jr. was
re-elected to the Board of Directors by holders of the Company's preferred
stock, and John Bridendall and Jeannine Strandjord were elected to the Board
of Directors by holders of the Company's common stock and preferred stock,
respectively. The terms of all three directors expire in 2016. The company's
annual meeting of stockholders was held on December 17, 2013.

Stockholders also ratified the appointment of KPMG LLP as the Company's
independent registered public accounting firm for the year ending December 31,
2013.

The Annual Meeting was delayed as a result of the proxy contest initiated by
Karen Seaberg, Laidacker M. Seaberg, Cloud L. Cray, Jr., Cray Family
Management LLC, and Cray MGP Holdings LP (the "Cray Group"). Certain issues
related to the proxy contest were settled before the Annual Meeting as set
forth in the Company's current report on Form 8-K filed with the SEC on
December 6, 2013. At the Annual Meeting, the stockholders voted on the
proposals presented in the Cray Group's proxy statement filed with the SEC on
July 10, 2013. The following proposals were approved:

1.To amend the Company's Bylaws to provide for confidential voting at the
    Annual Meeting and at future stockholder meetings.
2.An advisory vote urging the Board to amend the Company's Articles of
    Incorporation to de-stagger the Board, which would have the effect of
    requiring the annual election of all directors and allowing any director
    to be removed with or without cause by stockholders.
3.To amend the Company's Bylaws to provide a right for stockholders holding
    10% or more of the outstanding common stock or outstanding preferred stock
    to call a special meeting of stockholders.
4.To amend the Bylaws to require any vacancies on the Board to be filled
    only by the stockholders and not by the Board.
5.To repeal any provision of or amendments to the Bylaws adopted by the
    Board without the approval of a majority of the shares of common stock and
    preferred stock voting thereon after April 3, 2013, and on or before the
    date of the Annual Meeting.

Cloud L. "Bud" Cray, Jr. addressed those present at the Annual Meeting. With
reference to the future he said, "I am confident that we can work together as
a board and management team to instill positive change and realize the great
potential we have with our markets, our products, our people and the
communities in which our plants are located."

About MGP Ingredients

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, as well as
highly functional, innovations for the branded consumer packaged goods
industry. The Company is headquartered in Atchison, Kansas, where it also has
facilities for the production of distilled spirits and food ingredients.
Distilled spirits are additionally produced at the Company's facility in
Lawrenceburg, 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 or Indiana Distillery, (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 viability of the Illinois Corn
Processing, LLC joint venture and its ability to obtain financing, (vii) our
ability to maintain compliance with all applicable loan agreement covenants,
(viii) our ability to realize operating efficiencies, (ix) actions of
governments, (x) and consumer tastes and preferences. For further information
on these and other risks and uncertainties that may affect our business,
including risks specific to our Distillery and Ingredient segments, see Item
1A. Risk Factors of our Annual Report on Form 10-K for the year ended December
31, 2012, as updated by Item 1A. Risk Factors of our Quarterly Report on Form
10-Q for the quarterly period ended September 30, 2013.

CONTACT: Investors & Analysts:
         George Zagoudis, Investor Relations
         913-360-5441 or george.zagoudis@mgpingredients.com
        
         Media:
         Shanae Randolph, Corporate Director of Communications
         913-367-1480 or shanae.randolph@mgpingredients.com

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