Is it too late to sign up? I’m over 50, but I think I could run through a field of mud if I had a full head of steam and a tailwind, and I’m from Bakersfield so I know I could learn how to shoot a gun. Sunday, I attended the groundbreaking/dedication ceremony for the Bakersfield National Cemetery on East Bear Mountain Boulevard. Tejon Ranch donated 500 acres at the top of White Wolf Pass. The property is not impressive at all if you don’t like green meadows, 350-year-old oak trees, breathtaking mountain passes, poppies in the spring and crystal clear days in the winter when the valley below is smothered in fog.

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The History of Water on Tejon Ranch

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Historic Day at Tejon Ranch

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A decade ago, many in real estate circles scoffed at the notion that a significant portion of  Southern California largest, most historic and environmentally sensitive tracts of open space could fall under the bulldozer for homes, resorts and distribution facilities.

For over a half century, environmentalists, state officials and the courts wrangled with the longtime owner of the 270,000 acres in Kern County and northern Los Angeles County comprising Tejon Ranch. Conservationists say the land, a throwback to the era of Mexican ranchos, is home to the California condor and at least two dozen other endangered or threatened species.

However, Tejon Ranch Co. (NYSE: TRC), the publicly traded real estate development and agribusiness company that owns the land, in May reached a landmark deal with a coalition of groups to preserve 90% of the ranch land 60 miles north of Los Angeles. In exchange, the Sierra Club, the Natural Resources Defense Council, Audubon California and other groups agreed not to oppose existing industrial projects and proposed development along Interstate 5, including the 1,400-acre Tejon Industrial Complex, the proposed Tejon Mountain Village resort and Centennial, a planned residential community of 23,000 homes.

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Product diversification is something the Tejon Ranch Co. truly believes in: Farming, ranching, hunting, land development, oil, gas and mineral extraction activities, filming and, most recently, men’s fashions.

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TEJON RANCH, CA.—Construction is moving forward on a 350,000-sf warehouse-distribution facility at the 1,450-acre Tejon Industrial Complex that will house Famous Footwear, a retail division of Brown Shoe Co. Located within a new 177- acre Foreign Trade Zone, the facility is expected to be operational in mid-2009.

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Thoughts of Tejon Ranch bring up images of everything from ranching to farming along with mining, oil and even the fi lming of movies and television shows – pretty much everything that could be expected from this fully-functional ranch located in southern Kern County.

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Tuesday, July 08, 2008

Construction Underway for 350,000-Square-Foot Modern Distribution Facility at 23.75-Acre Site within the Recently Approved Tejon Ranch/Rockefeller Group Foreign Trade Zone

TEJON RANCH, Calif. (July 8, 2008) — Tejon Ranch Company (Tejon Ranch) announced today that construction is moving forward on a build-to-suit warehouse facility at Tejon Industrial Complex (TIC) on behalf of Famous Footwear, a retail division of Brown Shoe Company.

The fully entitled, 23.75-acre parcel for the new warehouse at TIC was recently acquired by Clayco Inc., a corporate real estate design-build and construction firm, on behalf of Famous Footwear for construction of an initial 350,000-square-foot distribution facility, with ample land remaining for a future expansion. This parcel is located within the recently approved Foreign Trade Zone (FTZ) at TIC, set up by the joint venture between Tejon Ranch and The Rockefeller Group Development Corporation (Rockefeller Group).

“Tejon Ranch is committed to delivering a strategic and sustainable operating location for California’s diverse business community at Tejon Industrial Complex,” said Robert A. Stine, President and CEO of Tejon Ranch. “We are extremely pleased that our master-planned site fit the strategic needs of Famous Footwear and its West Coast warehouse operations.”

Clayco selected the TIC location to fulfill Famous Footwear’s warehouse requirement after a thorough review of potential sites in California, Arizona, Nevada and Utah. Tejon Ranch received critical support during this selection process from Kern Economic Development Corporation, California Business Investment Services, and Kern County. These organizations assisted Tejon Ranch with meeting the critical site review timelines required by Famous Footwear.

“We are pleased that California and Kern County specifically can still offer one of the most accessible, business friendly site locations in the Western States,” said Kern County Supervisor Ray Watson. “The initial 120 full time positions Famous Footwear is expected to bring to Kern County when this modern warehouse facility opens is a boon for the Bakersfield region, offering a critical boost to the local economy with these new, skilled-wage employment opportunities.”

Supervisor Watson also pointed to the strategic importance of Kern County and the Central Valley to California’s growing logistics sector, a key to sustained regional employment growth. This sentiment was echoed by Barry Hibbard, Vice President of Industrial and Commercial Development with Tejon Ranch, who oversees the development and marketing of TIC.

“The Central Valley and TIC are well positioned to serve the needs of the modern logistics operation, which in turn continues to allow the region to capture the employment boost this growing industry sector provides,” said Hibbard. “The fact that TIC was able to meet the strategic demands of Famous Footwear’s logistics model was one of the factors in the company’s site selection decision, with the key motivator being increased value within its supply chain based on distribution and operational efficiencies.”

Hibbard was quick to point the growing importance of logistics, labor and location (the 3L’s of industrial real estate) to today’s large retailers and product driven chains, and how the Central Valley and TIC meets each of these critical elements.

“The master plan for TIC addresses almost every critical issue of the industrial space users’ location decision,” said Hibbard. “TIC provides inbound and outbound efficiencies for goods movement, central to the major consumer markets of California and accessible to all the Western States. The labor base of Kern County and the Bakersfield Region is deep and highly qualified. TIC also features fully entitled land sites able to support modern warehouse facilities, with ample room to expand operations over time.”

Senior Vice Presidents Tom Taylor and John DeGrinis, SIOR, of Colliers International are the brokerage representatives for Tejon Industrial Complex.

Tejon Industrial Complex is a 1,450-acre master planned commercial and industrial development that anchors California’s central trade corridor. Strategically located for efficient logistics at the junction of Interstate 5 and Highway 99 just south of Bakersfield in Kern County, this signature development is already home to 3 million square feet of existing warehouse facilities and approximately 1,000 employees, including IKEA”s Western North American Distribution Center, Oneida Ltd’s West Coast Distribution Center and more than 60-acres of retail offerings, including: a Petro Travel Plaza, Chevron, Best Western Hotel, In-N-Out Burger, a free-standing Starbucks, Panda Express, McDonald’s, Wendy’s and Iron Skillet Restaurant.

Currently, a joint venture between Tejon Ranch Company and Rockefeller Group is developing speculative warehouse buildings and marketing land sites for build-to-suit development within the recently secured 177 acres of Foreign Trade Zone at TIC. The strategic partnership has agreed to develop up to 500 acres to be dedicated to Foreign Trade Zone (FTZ) uses. The FTZ will allow manufacturers and distributors to secure the many benefits associated with the streamlined movement, storage and use of imported goods and raw materials. The partnership completed its first 606,000-square-foot warehouse facility earlier this year, and is currently marketing the space for long-term occupancy.

The TIC site is located between the Ports of Los Angeles / Long Beach and Oakland, putting warehouse operators approximately 60 minutes north of Los Angeles and four hours south of Oakland, providing efficient access to the state’s two major port complexes for diversification and contingency. The site allows for efficient outbound, roundtrip delivery service to 96 percent of California’s population and parts of Nevada and Arizona within the current Federal driver hours of service limitations.

About Tejon Ranch Company (NYSE: TRC) Tejon Ranch Company 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. For more information on the company, please go to www.tejonranch.com. For more information on Tejon Industrial Complex, please go to www.tejonranch.com/tic.

About Rockefeller Group Development Corporation (RGDC) RGDC is a national owner, developer, and manager of prestigious commercial real estate properties. Its development capabilities include corporate headquarters, landmark properties, multi-use urban complexes, multinational distribution facilities, suburban business parks, and foreign trade zones. RGDC, with locations in Mt. Olive, NJ, Miami, FL, and Irvine, CA, is an operating company of The Rockefeller Group, developer of the famed Rockefeller Center in New York City. For more information, please logon to www.rockefellergroup.com.

A coalition of environmental groups and a developer have agreed on a landmark plan to conserve 90% of the largest chunk of privately owned wilderness remaining in Southern California. The agreement ends years of debate over the fate of an untrammeled tableau of mountains, wildflower fields, twisted oaks and Joshua trees in the historic Tejon Ranch in the Tehachapi Mountains, about 60 miles north of Los Angeles.

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Friday, May 09, 2008

TEJON RANCH CO. & MAJOR ENVIRONMENTAL GROUPS REACH DEAL Agreement balances conservation and planned development on the 270,000- acre Tejon Ranch

FOR IMMEDIATE RELEASE

TEJON RANCH, CALIF. (May 8, 2008) Tejon Ranch Co. (NYSE: TRC) announced today that it has reached agreement with the country’s largest and most respected environmental resource organizations on a conservation and land use plan for the 270,000-acre Tejon Ranch. The agreement between Tejon Ranch Co., The Sierra Club, Natural Resources Defense Council, Audubon California, Planning and Conservation League and the Endangered Habitats League, would result in the permanent conservation of a significant portion of the Ranch’s landholdings while guaranteeing that the signatory environmental organizations would not oppose the Company’s development plans for approximately 30,000 acres located on the western edge of the Ranch: the planned communities of Centennial and Tejon Mountain Village, and a development project at the base of the Grapevine in the area adjacent to Tejon Industrial Complex.

“Without a doubt, this agreement is good for the Company and its shareholders,” said Michael H. Winer, Portfolio Manager for Third Avenue Management LLC, the company’s largest shareholder, and member of the Tejon Ranch Co. Board of Directors. “It’s the key to unlocking the value of Tejon Ranch. By removing the potential obstacles that have plagued similar development efforts in California, we’ll be able to move ahead with the entitlement processes on our current development projects in a much more timely fashion.”

The agreement calls for Tejon Ranch Co. to commit to phased conservation over the next several decades. Through a combination of dedicated conservation easements, either initially dedicated or tied to project approvals, and designated project open space areas, Tejon Ranch Co. will permanently protect approximately 178,000 acres. The agreement also lays the groundwork for the purchase, at a price determined by a state appraisal process, of an additional 62,000 acres of Ranch land, resulting in a total of 240,000 acres of conserved land. Under the agreement, the Ranch will also be able to continue with its historic revenue producing activities on those lands.

The agreement is an outgrowth of the vision for its land that Tejon Ranch Co. has been articulating for years, a vision that included extensive conservation.

Over the years, Tejon Ranch Co. had routinely engaged in conversations with environmental groups and government agencies that could have an interest in or influence over the planned future activities on its land. Those conversations evolved into two years of formal negotiations with the signatory environmental organizations.

“Our vision has been to preserve California’s legacy and provide for California’s future, and this agreement does exactly that,” said Robert A. Stine, President and CEO of Tejon Ranch Co. “The agreement we’ve reached is good for conservation, good for California and good for the company and its shareholders.”

The agreement is strongly supported by key state government officials, including California Governor Arnold Schwarzenegger, the Secretaries of the California Department of Resources and the California Environmental Protection Agency, the Directors of the California Departments of Fish and Game and Parks and Recreation, along with the Director of the Wildlife Conservation Board and the Chair of the State Water Resources Board.

“The success of environmental organizations and Tejon Ranch Co. in reaching this historic agreement to protect a California treasure illustrates something that I have stressed since taking office — we can protect California’s environment at the same time we pump up our economy,” Governor Arnold Schwarzenegger said.

Tejon Ranch Co. 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. 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, among the factors that could cause actual results to differ materially are the following: business conditions and the general economy, future commodity prices and yields, market forces, the ability to obtain various governmental entitlements and permits, interest rates and other risks inherent in real estate and agriculture businesses. For further information on factors that could affect the Company, the reader should refer to the Company’s filings with the Securities and Exchange Commission.

Contact: Barry Zoeller, VP of Corporate Communications bzoeller@tejonranch.com

Allen Lyda, VP & CFO alyda@tejonranch.com (661) 248-3000