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October 1, 2007

Tejon Ranch Company Annual Report Honored

Monday, October 01, 2007

TEJON RANCH COMPANY ANNUAL REPORT HONORED Publication captures several awards in prestigious competition

TEJON RANCH, CA (October 1, 2007) Tejon Ranch Company (NYSE:TRC) was honored with several awards for its 2006 Annual Report in the 15th American Business Communicators Annual Report Competition, including a first place award for Best Cover Design. The Annual Report received second place in two categories: Letter to Shareholders and Photography/Illustration. The report won a third place award for Narrative Presentation. This is the second year in a row Tejon Ranch Company’s Annual Report was honored by the American Business Communicators organization. Companies from all over the country enter their annual reports in the competition, including such well-known corporations as Allstate Insurance, Boeing, General Electric and Wachovia. Tejon Ranch Company’s Corporate Communications Department worked with Douglas Oliver Design of Santa Monica to produce the report. The 2006 Annual Report featured the theme of partnerships, and focused on Tejon Ranch Company’s conservation, community and community building partnerships. “We are very pleased to be recognized again this year,” said Barry Zoeller, Vice President of Corporate Communications. “Tejon Ranch emphasizes quality in everything we do, and it’s gratifying to see our Annual Report recognized for excellence.” To view Tejon Ranch’s 2006 Annual Report on line, go to the Investor Relations section of the corporate website www.tejonranch.com. To request an Annual Report, please call (661) 663-4213. A complete list of the winners in the American Business Communicators Annual Report Competition is available at www.ambizcom.com.

CONTACT: Barry Zoeller, VP of Corporate Communications Tejon Ranch Company (661) 663-4212 bzoeller@tejonranch.com