COLDWELL
BANKER
COMMERCIAL
SAUNDERS
REAL
ESTATE
December
4, 2009
Alico
Inc
Attn: A.
Denise Plair, Corporate Secretary
640 South
Main Street
LaBelle,
FL 33935
Board of
Directors of Alico, Inc.:
Please accept this letter as
notification that I do not intend to stand for re-election as a director at the
Alico, Inc annual meeting to be held in 2010. I have enjoyed serving
on the Alico Board but have determined that I need to concentrate my efforts in
my business as a real estate broker and professional. Additionally, I
also hope to be able to work with Alico in this capacity in the future and feel
that my service in this way, if asked, can better benefit the company than my
service as a director and wish to avoid any possibility of the appearance of a
conflict in such event. This will also confirm that I have no
disagreements or concerns with the Board or management which has influenced this
decision.
I wish you the best and feel that Alico
is well served by its remaining directors.
Very Truly Yours,
/s/ DEAN SAUNDERS
Dean Saunders
Coldwell
Banker Commercial Saunders Real Estate
5120
South Lakeland Drive, Suite 3, Lakeland, FL 33813 · 863-648-1528 Fax:
863-607-9254