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TEJON RANCH CO.

TRC · NEW YORK STOCK EXCHANGE INC.

Lessors of Residential Buildings and Dwellings · US

Tejon Ranch Company is a growth-oriented, diversified real estate development and agribusiness company whose principal asset is its 270,000-acre land holding located approximately 60 miles north of Los Angeles and 25 miles south of Bakersfield. Tejon Ranch is positioned for growth with its fully operational commercial/industrial real estate development and three master planned communities on the horizon. The Company’s activities are performed through its five major business segments: Real Estate - Commercial/Industrial development, which oversees development, commercial sales and leasing, land planning and entitlement, and income portfolio management. Real Estate - Resort/Residential development, which manages land entitlement, land planning, and pre-construction activities such as engineering, and conservation activities. Mineral Resources, which consists of the active management of oil and gas royalties, rock and aggregate royalties, royalties from a cement operation, and the management of our water assets. Farming produces and sells almonds, pistachios, and wine grapes. Ranch Operations which includes grazing leases, hunting programs and location filming.