Tejon Ranch Co. Issues Statement Regarding Web Site Providing Erroneous Information...

Tejon Ranch Co. Issues Statement Regarding Web Site Providing Erroneous Information Regarding Tejon Ranch Co. Stock Trading

TEJON RANCH, Calif.--(Business Wire)--
Tejon Ranch Co. (NYSE: TRC) has learned that an internet web site
has provided erroneous reports regarding certain trades in the
Company's stock. The web site, MFFAIS (Mutual Fund Facts About
Individual Stocks), lists recent trades in Tejon Ranch stock that it
says it has gleaned from, quote "sources believed to the reliable,"
unquote. However, the web site warns that the information provided may
not be accurate, timely, or complete.

That is certainly the case with the web site's erroneous listing
of the Third Avenue Funds as having sold almost all of the Funds'
Tejon Ranch stock. Michael H. Winer, Portfolio Manager for Third
Avenue Management LLC, and member of the Tejon Ranch Co. Board of
Directors, confirms that this is not true. In fact, in the last
several months, funds managed by Third Avenue have added to Third
Avenue's substantial holdings of Tejon Ranch stock. Third Avenue is
Tejon Ranch Co.'s largest shareholder, owning approximately 4.8
million shares, or approximately 28% of the outstanding shares.

Tejon Ranch Co.
Barry Zoeller, VP of Corporate Communications
(661) 248-3000
or
Allen Lyda, VP & CFO
(661) 248-3000

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