How can you say that your website have been affected by penguin update? Have you got any message in the Google webmasters about the penalty?
Anyways, you need to download the backlinks data via ahrefs.com or opensiteexplorer, identify the bad/spammy/suspicious links, disavow them and apply for reconsideration.
I wouldn't recommend you to go for Disavow unless if you haven't received any message in the Google webmasters section about the penalty.
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