Samuelson & Fetter

Majestic Realty Company is a privately held real estate firm with an office, retail and industrial portfolio that totals more than 55 million square feet. The Southern California-based company is a diversified real estate developer that specializes in the planning and development of master planned business parks and retail centers. Founded in 1948, Majestic provides development services that include land acquisition/entitlement, design, construction, construction equipment rental, financing and ongoing property management. The company s projects include Citrus Plaza in San Bernardino, Calif; Sunset Parkway Business Center in Las Vegas, Nev; Majestic Commercenter in Aurora, Colo; and Majestic-Norcross Center - Atlanta. Headquartered in Industry, Calif., Majestic also has offices in Atlanta, Dallas, Denver and Las Vegas.

Cadiz is a publicly held land and water resource management company that specializes in the areas of groundwater storage and supply, water-conserving irrigation and desert agriculture. Its portfolio of assets encompasses landholdings with groundwater resources and water storage availability, agricultural water rights, crops in production, and technologies for water conservation, reclamation, production and conveyance. In total, Cadiz owns approximately 46,000 acres throughout Southern California, all in close proximity to the state s aqueduct system. Cadiz was founded in 1983 and has corporate headquarters in Los Angeles. Its common shares are traded on the NASDAQ under the ticker symbol CDZI.