Lakeland Financial Corp.

We also have a Nominating and Corporate Governance Committee. The members of the committee are Allan J. Ludwig, Steven D. Ross, Donald B. Steininger and M. Scott Welch, and each is considered "independent" according to the Nasdaq listing requirements and is expected to serve on the committee through 2009, except for Mr. Ludwig who retired from the Board in December 2008. The primary purposes of the committee are to identify and recommend individuals to be presented to our shareholders for election or re-election to the board of directors and to review and monitor our policies, procedures and structure as they relate to corporate governance. We have adopted a written charter for the committee, which sets forth the committee's duties and responsibilities. Our current charter is available on our website at www.lakecitybank.com. The committee met one time in 2008.

Charles D. Smith presently serves as an Executive Vice President of Lakeland Financial and Lake City Bank, positions he has held since 2000. He has served as an officer of Lake City Bank since 1983.

Kevin L. Deardorff presently serves as an Executive Vice President of Lakeland Financial and Lake City Bank, positions he has held since 2001. He has served as an officer of Lake City Bank since 1993.

James D. Westerfield , age 50, presently serves as a Senior Vice President and Trust Officer of Lakeland Financial and as head of our Wealth Advisory Group. He joined Lake City Bank in December 2005 and assumed his current responsibilities as of February 2006. Prior to that time, Mr. Westerfield served in similar capacities at other banks since 1995.

Mr. Niemier is Senior Vice President of Biomet, Inc. and President of EBI, L.P., Biomet Spine and Biomet Trauma. From December 2005 to July 2006 he was Chief Operating Officer International Operations. Prior thereto, he was Senior Vice President International Operations of Biomet. Mr. Niemier is a trustee of Valparaiso University, a member of the Board of Directors of Lakeland Financial Corporation (Lake City Bank) and a member of the Board of Directors of Kosciusko 21st Century Foundation, Inc. (non-profit organization).

Mr. Steininger is President of Steininger Development, a real estate development company based in Ft. Wayne, Indiana. He is a Director of Lakeland Financial and Lake City Bank.

Ms. Pichon is a director of the Cole Foundation, a private charitable foundation focused on northeast Indiana education, economic development and conservation. She is a Director of Lakeland Financial and Lake City Bank.

Mr. Fulmer is Chairman of Heritage Financial Group, Inc., a real estate investment and management company based in Elkhart, Indiana. He is a Director of Lakeland Financial and Lake City Bank.

Mr. Welch is the Chief Executive Officer of Welch Packaging Group,Inc., which is primarily engaged in producing industrial and point of purchase packaging. He is a Director of Lakeland Financial and Lake City Bank.

Mr. Pletcher is President of Pletcher Enterprises, Inc., a holding company, and Chief Executive Officer of its principal subsidiary, Amish Acres, LLC, a heritage resort. He is a Director of Lakeland Financial and Lake City Bank.

Mr. Bartels, Jr. is President and Chief Executive Officer of Martin's Supermarkets, Inc., a regional supermarket chain headquartered in South Bend, Indiana. He is a Director of Lakeland Financial and Lake City Bank.

Mr. Tucker is Chairman and Chief Executive Officer of Maple Leaf Farms, Inc., which is primarily engaged in duck production, processing and sales, as well as the production and sale of other food products. He is a Director of Lakeland Financial and Lake City Bank.