DAYTONA BEACH, FLORIDA - The Annual Meeting of Shareholders of Consolidated-Tomoka Land Co. (AMEX: CTO) was held today at the LPGA International Clubhouse in Daytona Beach, Florida. Three directors of the Company were re-elected: John C. Adams, Jr., Bob D. Allen, and John C. Myers, III. William H. Davison and James E. Jordan were also elected to serve the unexpired terms of Robert F. Lloyd, who retired after 16 years of service, and Byron E. Hodnett, who retired after two years of service on the Board.

At a meeting of directors following the shareholders’ session, the following officers were elected: Bob D. Allen, Chairman of the Board; William H. McMunn, President and Chief Executive Officer; Bruce W. Teeters, Senior Vice President-Finance and Treasurer; Robert F. Apgar, Senior Vice President-General Counsel and Assistant Corporate Secretary; Linda Crisp, Vice President and Corporate Secretary; and Gary Moothart, Vice President and Controller.

Consolidated-Tomoka Land Co. is a Florida-based Company primarily engaged in converting Company owned agricultural lands into a portfolio of income properties strategically located throughout the Southeast, and development, management, and sale of targeted real estate properties. Visit our website at www.ctlc.com.

Date: April 25, 2007
Contact: Bruce W. Teeters, Sr. Vice President
Phone: (386) 274-2202
Facsimile: (386) 274-1223