NEW MEMBER APPOINTED TO CADIZ BOARD OF DIRECTORS

     Los Angeles, CA -- Cadiz Inc., (Nasdaq:CDZI), is pleased to announce today the appointment of Mr. Geoffrey Grant to its Board of Directors.  Mr. Grant comes to the Cadiz Board with over 25 years of experience working in the finance and investment industry. 

     Mr. Grant is presently a Managing Partner and Chief Investment Officer of Peloton Partners LLP ("Peloton"), a global asset management firm launched in 2005. Since Mr. Grant co-founded Peloton, the firm has grown to manage a $2 billion macro-oriented hedge fund.    

     Prior to founding Peloton, Mr. Grant was with Goldman Sachs for 15 years, from 1989 to 2004.  Mr. Grant’s last responsibility at Goldman Sachs was as Head of Global Foreign Exchange and Co-head of the Proprietary Trading Group in London.  Mr. Grant began his career at Morgan Stanley, working in New York and Tokyo from 1981 to 1989.

     Founded in 1983, Cadiz Inc. is a publicly held water resource and real estate development firm.  The Company owns significant landholdings with substantial water resources in eastern San Bernardino County, California.  Further information on the Company can be obtained by visiting our corporate web site at www.cadizinc.com.

     This release contains forward-looking statements that are subject to significant risks and uncertainties, including statements related to the future operating and financial performance of the Company and the financing activities of the Company.  Although the Company believes that the expectations reflected in our forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.  Factors that could cause actual results or events to differ materially from those reflected in the Company’s forward-looking statements include the Company’s ability to maximize value for Cadiz land and water resources, the Company’s ability to obtain new financing as needed, and other factors and considerations detailed in the Company’s Securities and Exchange Commission filings.

 ###

Return to Press Releases