TEJON RANCH CO

Ticker: TRC CUSIP: 879080109 Class: Common Stock

Dalton Investments LLC's Holding History (CIK: 0001388838)

Note: Option positions (PUT/CALL) are excluded.

Q2 2014

Shares 9,500 Value ($000) $306 Avg Close $30.50 Range $28.68 - $34.20

Q1 2014

Shares 10,250 Value ($000) $347 Avg Close $33.92 Range $31.20 - $35.90

Q3 2013

Shares 9,000 Value ($000) $278 Avg Close $30.38 Range $26.91 - $32.23

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	9,500	$306	$30.50	$28.68 - $34.20
Q1 2014	10,250	$347	$33.92	$31.20 - $35.90
Q3 2013	9,000	$278	$30.38	$26.91 - $32.23