Wintergreen Webcast Discussing CTO Proxy Contest April 19, 2017

Wintergreen Advisers to Hold Informational Webcast on Consolidated-Tomoka Proxy Contest

MOUNTAIN LAKES, N.J.–(BUSINESS WIRE)–Wintergreen Advisers, LLC (“Wintergreen”) serves as investment adviser to clients who have collectively owned more than 10% of Consolidated-Tomoka Land Co. ’s (“CTO”, NYSE: CTO) shares since 2006, and who currently own more than 27.2% of CTO’s shares.

Wintergreen’s director nominees, Elizabeth N. Cohernour, Evan Ho, Edward Pollock, and David J. Winters, will be hosting the webcast to discuss Wintergreen’s plan to maximize value for ALL shareholders, and will be available for questions following the presentation.

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The webcast is open to all CTO shareholders, as well as corporate governance analysts and members of the media. The presentation that will accompany the webcast is available on our website at http://www.enhanceCTO.com.

A Q&A period will follow the presentation, and those wishing to ask questions will have the option to do so via the WebEx meeting. Questions can also be submitted before the webcast via the WebEx registration form, or by emailing [email protected]

IT IS TIME FOR CHANGE AT CTO.

We appreciate your support.

Please vote the GREEN proxy card.

Wintergreen Webcast Discussing CTO Proxy Contest April 19, 2017

ADDITIONAL INFORMATION

The participants in the proxy solicitation are Wintergreen Fund, Inc., Wintergreen Partners Fund, LP, Wintergreen Partners Offshore Master Fund, Ltd., Wintergreen Advisers, LLC, David J. Winters, Elizabeth N. Cohernour, Evan H. Ho and Edward W. Pollock.

WINTERGREEN ADVISERS, LLC STRONGLY ADVISES ALL SHAREHOLDERS OF THE COMPANY TO READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.

The proxy statement is available at no charge on the SEC’s website at http://www.sec.gov. In addition, Morrow Sodali LLC will provide copies of the Proxy Statement without charge upon request. Requests for copies should be directed to:

Morrow Sodali LLC

Toll Free: 800-662-5200

Banks and Brokerage Firms Call Collect: 203-658-9400