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FOR IMMEDIATE RELEASE

                      Midwest Grain Board Declares Dividend


     ATCHISON,  Kan.,  August 27, 2002 - The Board of Directors of Midwest Grain
Products,  Inc.  (MWGP/Nasdaq)  has declared an annual  dividend of 15 cents per
share on the company's  common stock. The dividend is payable on Nov. 5, 2002 to
stockholders of record as of Oct. 10, 2002.

     "We are  deeply  grateful  for the  support  of our  stockholders  and very
pleased that we are able to provide this dividend," said Board Chairman Cloud L.
"Bud"  Cray.  "Our  decision  to declare a dividend at this time is based on the
company's positive performance this past fiscal year," he added.

     In business  since  1941,  Midwest  Grain  Products,  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.

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