Consolidated-Tomoka Land Co Announces Results of the 2014 Annual Meeting of Shareholders and Declaration of Semi-Annual

  Consolidated-Tomoka Land Co Announces Results of the 2014 Annual Meeting of
  Shareholders and Declaration of Semi-Annual Dividend

Business Wire

DAYTONA BEACH, Fla. -- April 24, 2014

The Annual Meeting of Shareholders (“2014 Annual Meeting”) of
Consolidated-Tomoka Land Co. (NYSE MKT: CTO) (the “Company”) was held on April
23, 2014 at LPGA International in Daytona Beach, Florida. The Company
announced at the 2014 Annual Meeting that the shareholders of the Company
elected John P. Albright, John J. Allen, Jeffry B. Fuqua, William L. Olivari,
Howard C. Serkin, A. Chester Skinner, III, and Thomas P. Warlow, III, to serve
as directors of the Company until the 2015 Annual Meeting of Shareholders.

The Company’s shareholders also ratified the appointment of Grant Thornton LLP
as the Company’s independent registered public accounting firm for fiscal year
2014, approved amendments to the Company’s 2010 Amended and Restated Equity
Incentive Plan, and approved the compensation for executive officers, each as
disclosed in the Company’s Proxy Statement dated March 21, 2014.

At the annual Board of Directors’ meeting following the 2014 Annual
Shareholder Meeting, Jeffry B. Fuqua, President of Amick Holding, Inc., was
re-elected Chairman of the Board of Directors. The Board of Directors also
ratified the continued appointments of the following officers: John P.
Albright, President and Chief Executive Officer; Mark E. Patten, Sr. Vice
President and Chief Financial Officer; Linda H. Crisp, Vice President and
Corporate Secretary; Teresa J. Thornton-Hill, Vice President-Corporate Counsel
and Assistant Corporate Secretary, and Steven R. Greathouse, Vice

The Company declared a dividend of $0.03 per share payable on May 28, 2014 to
shareholders of record on May 9, 2014. Jeffry B. Fuqua, Chairman of the Board,
stated, "The Board is pleased to continue our thirty-seventh straight year of
paying an annual dividend. The Board will continue to review its dividend
strategy on a regular basis."

About Consolidated-Tomoka Land Co.

Consolidated-Tomoka Land Co. is a Florida-based publicly traded real estate
company, which owns a portfolio of income properties in diversified markets in
the United States, as well as over 10,500 acres of land in the Daytona Beach
area. Visit our website at


Consolidated-Tomoka Land Co.
Mark E. Patten, 386-944-5643
Facsimile: 386-274-1223
Sr. Vice President
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