On November 9, 2017 Mr. Christopher W. Haga was appointed to the Board of Directors of Consolidated-Tomoka Land Co. Subsequent to his appointment, the Board named Mr. Haga to the Audit Committee of the Board. Mr. Haga is a partner with Carlson Capital, L.P. Mr. Haga has served, and continues to serve, on a number of public and private company boards, including as chairman of the board of directors for Barbican Group Holdings Limited. The company expects the increase in the size of its Board to eight members resulting from Mr. Haga’s appointment will be temporary, as the Board continues in its efforts to maintain an appropriately-sized Board for the size of the company.