Texas Pacific Land Trust Announces Annual Dividend

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DALLAS--(BUSINESS WIRE)--

Texas Pacific Land Trust announced today that its Board of Trustees has declared an annual dividend of 18 cents per sub-share payable March 17, 2008 to shareholders of record on March 7, 2008.

NYSE Ticker Symbol -- TPL

Texas Pacific Land Trust is not a REIT

Confirmation Contact #: 214-969-5530
                        Roy Thomas
                        General Agent & Chief Executive Officer

This news release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding the Trust's future operations and prospects, the markets for real estate in the areas in which the Trust owns real estate, applicable zoning regulations, the markets for oil and gas, production limits on prorated oil and gas wells authorized by the Railroad Commission of Texas, expected competitions, management's intent, beliefs or current expectations with respect to the Trust's future financial performance and other matters. We assume no responsibility to update any such forward-looking statements.

Source: Texas Pacific Land Trust

Released February 25, 2008