Limoneira Company Defies Economic Downturn; Announces Additional Dividend Distribution

SANTA PAULA, CA--(Marketwire - October 6, 2008) - Limoneira Company (PINKSHEETS: LMNR), one of California's largest agribusinesses, announced a $2 per share dividend in addition to its regular annual dividend that will be issued early next year.

"This is shaping up, by far, as the most profitable year in our company's 115-year history," said Harold Edwards, Limoneira president and CEO. "We wanted to commemorate our company's financial strength in a way that our shareholders would appreciate."

Since its founding in 1893, Limoneira has been a leader in California agriculture. The company, with headquarters in Santa Paula, California, grows primarily citrus and avocados for the world market. During the past several years, it has diversified into other sectors including housing, commercial real estate and agricultural land leases.

"Being good stewards of the land has been part of our company's core beliefs since its founding," says Edwards. "We practiced sustainability long before it became the latest buzz word. The best way to practice sustainability is by being profitable."

The special dividend was announced October 6 and is payable on October 10. The dividend will be payable to shareholders of record as of September 23.

For more about Limoneira Company, visit www.limoneira.com.

Contact Information: Contacts: John Chamberlain Limoneira Company Director of Marketing (805) 525-5541 Ext 256 Diane Rumbaugh Rumbaugh Public Relations (805) 493-2877