Dow Jones Newswires - August 10, 2004 report

Forum for Shareholders of Farmer Bros. Co.

2007 Conclusion

Forum activities relating to Farmer Bros. Co. were suspended in 2007, following the second year of new management.

Note: The newswire report copied below is based on an August 10, 2004 SEC filing by Franklin Mutual disclosing recent purchases of Farmer Bros. stock, increasing their holdings to 2,026,104 shares (12.6% of the total outstanding) from the 1,849,940 shares (11.5% of total) they have held since 2002. (These percentages are based on the company's currently reported total of 16,075,080 shares outstanding. Prior to this year, there had been 19,264,140 split-adjusted shares outstanding, and Franklin Mutual's 1,849,940 split-adjusted shares were 9.6% of that larger total.)



	August 10, 2004 8:06 a.m. EDT

Franklin Mutual Ups Farmer Bros Stake To 12.6%

DOW JONES NEWSWIRES
August 10, 2004 8:06 a.m.

        WASHINGTON -- Franklin Mutual Advisers LLC increased its
stake in Farmer Bros. Co. (FARM) to 12.6%, according to an amended Schedule
13D filed Tuesday with the Securities and Exchange Commission.
        Franklin Mutual beneficially owns 2,026,104 Farmer Bros. common
shares, the filing said.
        On Dec. 9, 2003, Franklin Mutual reported a 9.6% Farmer Bros. stake.
        The company's shares closed Monday at $25.30.
        Farmer Bros. primarily roasts and packages coffee and sells it to
restaurants, hotels, fast-food outlets, convenience stores and hospitals.
-By Brian Coyle; Dow Jones Newswires; 202-862-3545

	URL for this article: http://online.wsj.com/article/0,,BT_CO_20040810_002327,00.html

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The Forum is open to all Farmer Bros. shareholders, whether institutional or individual, and to professionals concerned with their investment decisions. Its purpose is to provide shareholders with access to information and a free exchange of views on issues relating to their evaluations of alternatives. As stated in the Forum's Conditions of Participation, participants are expected to make independent use of information obtained through the Forum, subject to the privacy rights of other participants. It is a Forum rule that participants will not be identified or quoted without their explicit permission.

There is no charge for participation. Franklin Mutual Advisers, LLC, the manager of funds owning approximately 12.6% of Farmer Bros. shares, provided initial sponsorship for the Forum and arranged for it to be chaired by Gary Lutin. Continuing support and guidance of the Forum is provided by an Advisory Panel of actively interested shareholders.

For additional information or to be included in an email distribution list, send an inquiry to farm@shareholderforum.com.