Press Release: Tejon Ranch 2017 Explorer Membership Program

Tejon Party 96

JUST IN TIME FOR SPRING TEJON RANCH LAUNCHES 2017 EXPLORER MEMBERSHIP PROGRAM

Exclusive membership gives members access to more than 25,000 acres of breathtaking landscapes and extensive outdoor activities

TEJON RANCH, Calif. (March 20, 2017)– Tejon Ranch Co. (NYSE: TRC), a fully diversified integrated real estate company and agribusiness whose principal asset is California’s historic Tejon Ranch, today announced the spring launch of its Explorer Membership Program for 2017.  For the second year in a row, members will have year-round exclusive access to thousands of acres of pristine land and a wide range of outdoor activities.

The Ranch is home to the largest and most significant private conservation agreement in California, covering 240,000 acres. Deep agricultural roots at the Ranch abound, with more than 1,400 acres devoted to vineyards in two locations and more than 3,000 acres dedicated to almond and pistachio trees. Diverse business operations include a thriving commercial real estate development, the Tejon Ranch Commerce Center, and the popular Outlets at Tejon. Several large-scale mixed use residential communities are also planned for the property, including Mountain Village at Tejon Ranch. Located about an hour from the Los Angeles metropolitan area, this residential/resort community is intended to be an upscale and close-by retreat from urban living.

Tejon Ranch spans 270,000 acres and is the largest single piece of private property in California.  At 422 square miles, it is just about as large as the City of Los Angeles and about 40 percent the size of Rhode Island.

“Spring is the perfect time to officially launch the Explorer Program, opening our gates so visitors can enjoy what Tejon Ranch has to offer,” said Barry Zoeller, vice president of corporate communications and investor relations at Tejon Ranch. “With winter gone and spring here, Tejon Ranch is bursting with wildflowers, new wildlife, and a chance for visitors to explore and experience our rolling hills and pristine valleys, all the while enjoying a wealth of outdoor activities.”

The Explorer Membership Package will provide access to more than 25,000 acres on the southern portion of the ranch, an area featuring spectacular landscapes and breathtaking views; vibrant wildflower fields, oak-studded hillsides, steep canyons and broad valleys. Members will be able to enjoy mountain biking, hiking, picnicking, wildlife and landscape photography and viewing, SUV trail driving, fishing, star-gazing and horseback riding. Members who want to spend more than a day at the ranch will have access to overnight accommodations at three cabins within the Explorer area as well as RV and trailer dry camping at the Crane Canyon Campground.

The annual fee to join is $3,500 per member. This fee includes spouse and dependents under 30 years of age with member present, as well as 10 guest passes each valid for 24 hours, or five passes each valid for 48 hours. Up to five additional 24 hour or 48-hour guest passes can be purchased per year.

For more information regarding the Explorer Membership Program, visit the Tejon Ranch website.

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About Tejon Ranch Co.

Tejon Ranch Co. (NYSE: TRC), is a 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 30 miles south of Bakersfield.   More information about Tejon Ranch Co. can be found online at http://www.tejonranch.com.

Forward Looking Statements:

The statements contained herein, which are not historical facts, are forward-looking statements based on economic forecasts, strategic plans and other factors, which by their nature involve risk and uncertainties.  In particular, some of the factors that could cause actual results to differ materially are the following: business conditions and the general economy, future changes to primary home and secondary home markets, future changes to development costs, the ability to obtain various governmental permits, interest rates, and other risks inherent in real estate businesses.  For further information on factors that could affect the company, readers should refer to the company’s filings with the Securities and Exchange Commission.

Tejon Ranch Media Contact:

Christine Rombouts, crombouts@newgroundco.com, 949-631-1557 / Photos available upon request.