CADIZ Inc.

Keith Brackpool is a co-founder of Cadiz Inc. and has served as a member of Cadiz' Board of Directors since September 1986 and as President and Chief Executive Officer since December 1991. Mr. Brackpool assumed the role of Chairman of the Board of Cadiz in 2001. Mr. Brackpool has extensive expertise in Western water policy. He was appointed by former California Governor Gray Davis to co-chair his Agriculture and Water Transition Task Force and also served on the Governor’s Commission on Building for the 21st Century, a diverse panel that developed long-term policy proposals to meet the state’s future water, housing, technology and transportation needs. In addition to his position at Cadiz Inc., since 1989, Mr. Brackpool has been a principal of 1334 Partners L.P., a partnership that owns commercial real estate. Previously, Mr. Brackpool served as director and chief executive officer of North American Operations for Albert Fisher Group, a multi-billion dollar food company.

Raymond J. Pacini was appointed a director of Cadiz in June 2005. Since May 1998, Mr. Pacini has been the President, Chief Executive Officer and a Director of California Coastal Communities, Inc. (CALC), a publicly traded (NASDAQ:CALC) residential land development and homebuilding company operating in Southern California.

Stephen J. Duffy was appointed a director of Cadiz in July 2006. Mr. Duffy currently serves as a Managing Principal for IHP-Arnel Investment Partners, a real estate investment company, operating nationally. From 2004 - 2006 Mr. Duffy served as Chief Operating Officer for Western National Realty Advisors, an apartment acquisition, development and investment management company. Previously, Mr. Duffy was the Partner-in-Charge of Real Estate Capital Markets for the Western U.S. with Ernst & Young, LLP.

Timothy J. Shaheen serves as Chief Financial Officer of Cadiz Inc. and is also on the Board of Directors, a position he has held March 1999. From September 1996 to April 2005, Mr. Shaheen served as the President, Chief Executive Officer and a director of Sun World International, a major agricultural grower with desert operations and former Cadiz Inc. subsidiary. Earlier in his career, Mr. Shaheen worked with the accounting firm of Ernst & Young LLP; he is a certified public accountant. Mr. Shaheen is also a private investor and principal of Difinity Capital Partners LLP.

Winston Hickox was appointed a director of Cadiz in October 2006. From 2004 – 2006, Mr. Hickox served as Senior Portfolio Manager with the California Public Employees’ Retirement System (CalPERS), designing a series of environmentally- oriented investment initiatives for the fund’s $211 billion investment portfolio. Prior to CalPers, from 1999 - 2003, Mr. Hickox served as Secretary of the California Environmental Protection Agency (CalEPA) and a member of the Governor’s cabinet. Mr. Hickox’ environmental policy experience also includes membership on the board of the California League of Conservation Voters (CLCV), including a four-year term as Board President (1994 - 2006); and two years on the boards of Audubon California and Sustainable Conservation (2004 - present). Mr. Hickox is currently a partner at California Strategies, a public policy consulting firm, and is also serving as a member of the board of Thomas Properties Group, a publicly traded full service real estate investment firm.