<SEC-DOCUMENT>0001626129-15-000278.txt : 20151222
<SEC-HEADER>0001626129-15-000278.hdr.sgml : 20151222
<ACCEPTANCE-DATETIME>20151222123508
ACCESSION NUMBER:		0001626129-15-000278
CONFORMED SUBMISSION TYPE:	DEF 14A
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20160209
FILED AS OF DATE:		20151222
DATE AS OF CHANGE:		20151222
EFFECTIVENESS DATE:		20151222

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INGLES MARKETS INC
		CENTRAL INDEX KEY:			0000050493
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-GROCERY STORES [5411]
		IRS NUMBER:				560846267
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			0928

	FILING VALUES:
		FORM TYPE:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-14706
		FILM NUMBER:		151301428

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 6676
		CITY:			ASHEVILLE
		STATE:			NC
		ZIP:			28816
		BUSINESS PHONE:		828-669-2941

	MAIL ADDRESS:	
		STREET 1:		P O BOX 6676
		CITY:			ASHEVILLE
		STATE:			NC
		ZIP:			28816
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>imkta-def14a_020916.htm
<DESCRIPTION>DEFINITIVE PROXY STATEMENT
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
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<!-- Field: Rule-Page --><DIV STYLE="text-align: left; margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%"><FONT STYLE="color: Black">&nbsp;</FONT></DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>UNITED
STATES </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>SECURITIES
AND EXCHANGE COMMISSION </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>Washington,
D.C. 20549 </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>SCHEDULE
14A </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>(Rule
14a-101)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>INFORMATION
REQUIRED IN PROXY STATEMENT </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>SCHEDULE
14A INFORMATION </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>Proxy
Statement Pursuant to Section 14(a) of the </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>Securities
Exchange Act of 1934 </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td colspan="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Filed by the Registrant
    </FONT><FONT STYLE="font-family: Times New Roman; font-size: 10pt; color: Black">&#9746;</FONT></td></tr>
<tr style="vertical-align: top">
    <td colspan="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td colspan="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Filed by a Party other
    than the Registrant</FONT><FONT STYLE="color: Black"> <FONT STYLE="font-family: Times New Roman">&#9744;</FONT></FONT></td></tr>
<tr style="vertical-align: top">
    <td colspan="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td colspan="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Check the appropriate
    box:</FONT></td></tr>
<tr style="vertical-align: top">
    <td style="width: 4%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td style="width: 96%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&#9744;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Preliminary Proxy Statement</FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&#9744;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>Confidential, for Use of the
    Commission Only (as permitted by Rule 14a-6(e)(2)) </B></FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-family: Times New Roman; color: Black">&#9746;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Definitive Proxy Statement</FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-family: Times New Roman; color: Black">&#9744;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Definitive Additional Materials</FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&#9744;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Soliciting Material Pursuant to
    Section&nbsp;240.14a-12</FONT></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>



<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: Black 1pt solid; text-align: center; font-weight: bold"><FONT STYLE="color: Black">INGLES
    MARKETS, INCORPORATED</FONT></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>(Name
    of Registrant as Specified in its Charter)</B></FONT></td></tr>
<tr style="vertical-align: top">
    <td style="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>(Name
    of Person(s) Filing Proxy Statement if other than the Registrant)</B></FONT></td></tr>
</table>




<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 4%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td style="width: 4%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td style="width: 92%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td colspan="3"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Payment of Filing
    Fee (Check the appropriate box):</FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&#9746;</FONT></td>
    <td colspan="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">No fee required.</FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&#9744;</FONT></td>
    <td colspan="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Fee computed on table
    below per Exchange Act Rules 14a-6(i)(1) and 0-11.</FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">1)</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Title of each class of securities
    to which transaction applies:</FONT></td></tr>
<tr style="vertical-align: top">
    <td style="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td style="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td style="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">2)</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Aggregate number of securities
    to which transaction applies:</FONT></td></tr>
<tr style="vertical-align: top">
    <td style="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td style="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td style="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">3)</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Per unit price or other underlying
    value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated
    and state how it was determined):</FONT></td></tr>
<tr style="vertical-align: top">
    <td style="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td style="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td style="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">4)</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Proposed maximum aggregate value
    of transaction:</FONT></td></tr>
<tr style="vertical-align: top">
    <td style="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td style="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td style="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">5)</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Total fee paid:</FONT></td></tr>
<TR STYLE="vertical-align: top">
    <td style="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td style="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td style="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td></TR>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&#9744;</FONT></td>
    <td colspan="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Fee paid previously
    with preliminary materials.</FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&#9744;</FONT></td>
    <td colspan="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Check box if any part
    of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
    paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its
    filing.</FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">1)</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Amount Previously Paid:</FONT></td></tr>
<tr style="vertical-align: top">
    <td style="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td style="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td style="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">2)</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Form, Schedule or Registration
    Statement No.:</FONT></td></tr>
<tr style="vertical-align: top">
    <td style="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td style="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td style="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">3)</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Filing Party:</FONT></td></tr>
<tr style="vertical-align: top">
    <td style="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td style="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td style="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">4)</FONT></td>
    <td><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Date Filed:</FONT></td></tr>
<TR STYLE="vertical-align: top">
    <td style="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td style="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td>
    <td style="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></td></TR>
</table>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center; text-indent: 0in"><FONT STYLE="color: Black"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 90px; width: 251px"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 8pt; text-align: center; text-indent: 0in"><FONT STYLE="color: Black"><B>INGLES
MARKETS, INCORPORATED</B><BR>
<B>P.O. BOX 6676</B><BR>
<B>ASHEVILLE, NORTH CAROLINA 28816</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 8pt; text-align: center; text-indent: 0in"><FONT STYLE="color: Black"><B>NOTICE
OF 2016 ANNUAL MEETING OF STOCKHOLDERS</B><BR>
<B>TO BE HELD ON TUESDAY, FEBRUARY 9, 2016</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">To
the Stockholders of Ingles Markets, Incorporated:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">NOTICE
IS HEREBY GIVEN that Ingles Markets, Incorporated will hold its 2016 Annual Meeting of Stockholders at the Grove Park Inn, 290
Macon Avenue, Asheville, North Carolina 28804 on Tuesday, February 9, 2016, at 11:00 a.m. local time, for the following purposes:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">To
                                         elect eight directors to serve until the 2017 Annual Meeting of Stockholders; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">To
                                         vote on a stockholder proposal, if properly presented at the meeting.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">These
items and other matters relating to the Annual Meeting are described in the Proxy Statement that accompanies this&nbsp;Notice.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Only
stockholders of record of the Company&#8217;s Class A Common Stock, $0.05 par value per share, and Class B Common Stock, $0.05
par value per share, at the close of business on December 16, 2015, are entitled to notice of and to vote at the Annual Meeting
and any adjournment or postponement thereof. We will make available at the Company&#8217;s corporate offices a list of stockholders
as of the close of business on December 16, 2015, for inspection during normal business hours during the ten-day period immediately
preceding the Annual Meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><A NAME="a_DV_C19"></A><FONT STYLE="font-weight: normal; text-underline-style: double">Pursuant
to </FONT><A NAME="a_DV_M21"></A>rules <A NAME="a_DV_M22"></A>adopted by the Securities and Exchange Commission, we <A NAME="a_DV_C22"></A><FONT STYLE="font-weight: normal; text-underline-style: double">have
provided access</FONT> to <A NAME="a_DV_C24"></A><FONT STYLE="font-weight: normal; text-underline-style: double">our proxy materials
over the Internet. Accordingly, we are sending</FONT><A NAME="a_DV_M23"></A> a Notice of Internet Availability <A NAME="a_DV_C26"></A><FONT STYLE="font-weight: normal; text-underline-style: double">of
Proxy Materials, or E-proxy notice, on or about December 22, 2015 to our stockholders of record on December 16, 2015. The E-proxy
notice contains instructions for your use of this process, including how to access our proxy statement and annual report and how
to authorize your proxy to vote online. In addition, the E-proxy notice contains instructions on how you may</FONT> receive a
paper copy of <A NAME="a_DV_C28"></A><FONT STYLE="font-weight: normal; text-underline-style: double">the proxy statement and annual
report or elect to receive your proxy statement and annual report over the Internet.</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">It
is important that your shares be represented at the Annual Meeting. Whether or not you plan to attend the Annual Meeting, please
vote by proxy as soon as possible over the Internet as instructed in the Notice of Internet Availability of Proxy Materials, or
E-proxy notice, or, if you receive paper copies of the proxy materials by mail, you can also vote by mail by following the instructions
on the proxy card. If you are a holder <FONT STYLE="font-weight: normal; text-underline-style: double">of record of common stock,
you may also cast your votes in person at the Annual Meeting. If your shares are held in &#8220;street name&#8221; (that is, held
for your account by a broker or other nominee), you will receive instructions from your broker or other nominee as to how to vote
your shares</FONT><A NAME="a_DV_M28"></A>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 510.5pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 510.5pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 33%">&nbsp;</TD>
    <TD STYLE="width: 34%">&nbsp;</TD>
    <TD STYLE="width: 33%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">By
Order of the Board of Directors&#9;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><IMG SRC="image_001.gif" ALT=""><FONT STYLE="color: Black"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">Robert
P. Ingle, II</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">Chairman
of the Board</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">Chief
Executive Officer</FONT></P>
&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: left; text-indent: 0in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">Asheville,
North Carolina</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">December
22, 2015</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 8pt; text-align: center; text-indent: 0in"><FONT STYLE="color: Black"><B>YOUR
VOTE IS IMPORTANT.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 8pt; text-align: center; text-indent: 0in"><FONT STYLE="color: Black"><B>PLEASE
VOTE OVER THE INTERNET AS INSTRUCTED IN THESE MATERIALS OR COMPLETE, DATE, SIGN</B><BR>
<B>AND RETURN A PROXY CARD AS PROMPTLY AS POSSIBLE.</B></FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 8pt; text-align: center"><FONT STYLE="text-transform: uppercase; color: Black"><B>TABLE
OF CONTENTS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 8pt; text-align: right"><FONT STYLE="color: Black"><B>Page</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 96%; padding-bottom: 8pt; padding-left: 0.25in; text-indent: -0.25in; text-transform: uppercase"><FONT STYLE="color: Black"><A HREF="#A001">PROXY
    STATEMENT</A></FONT></TD>
    <TD STYLE="width: 4%; padding-bottom: 8pt; text-align: right; text-indent: 0in; text-transform: uppercase"><FONT STYLE="color: Black">1</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in"><FONT STYLE="color: Black"><A HREF="#A002">Execution and Revocation
    of Proxies</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right"><FONT STYLE="color: Black">1</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in"><FONT STYLE="color: Black"><A HREF="#A003">Actions to Be Taken by Proxy</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right"><FONT STYLE="color: Black">1</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in"><FONT STYLE="color: Black"><A HREF="#A004">Voting Rights</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right"><FONT STYLE="color: Black">1</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in; text-indent: -0.25in; text-transform: uppercase"><FONT STYLE="color: Black"><A HREF="#A005">ELECTION
    OF DIRECTORS</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; text-indent: 0in; text-transform: uppercase"><FONT STYLE="color: Black">3</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in"><FONT STYLE="color: Black"><A HREF="#A006">Identification of Directors
    and Executive Officers</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right"><FONT STYLE="color: Black">3</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in"><FONT STYLE="color: Black"><A HREF="#A007">Committees of the Board of
    Directors</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right"><FONT STYLE="color: Black">4</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in"><FONT STYLE="color: Black"><A HREF="#A008">Compensation Committee Interlocks
    and Insider Participation in Compensation Decisions</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right"><FONT STYLE="color: Black">5</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in"><FONT STYLE="color: Black"><A HREF="#A009">Meetings of the Board of
    Directors and Committees</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right"><FONT STYLE="color: Black">5</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in"><FONT STYLE="color: Black"><A HREF="#A010">Director Nominations</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right"><FONT STYLE="color: Black">5</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in"><FONT STYLE="color: Black"><A HREF="#A011">Stockholder Communication
    with Board Members</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right"><FONT STYLE="color: Black">6</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in"><FONT STYLE="color: Black"><A HREF="#A012">Board Member Attendance at
    Annual Meetings</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right"><FONT STYLE="color: Black">6</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in"><FONT STYLE="color: Black"><A HREF="#A013">Code of Ethics</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right"><FONT STYLE="color: Black">6</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in; text-indent: -0.25in; text-transform: uppercase"><FONT STYLE="color: Black"><A HREF="#A014">AUDIT/COMPENSATION
    COMMITTEE REPORT</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; text-indent: 0in; text-transform: uppercase"><FONT STYLE="color: Black">7</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in; text-indent: -0.25in; text-transform: uppercase"><FONT STYLE="color: Black"><A HREF="#A015">EXECUTIVE
    COMPENSATION AND OTHER INFORMATION</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; text-indent: 0in; text-transform: uppercase"><FONT STYLE="color: Black">8</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in"><FONT STYLE="color: Black"><A HREF="#A016">Compensation Discussion and
    Analysis</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right"><FONT STYLE="color: Black">8</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in"><FONT STYLE="color: Black"><A HREF="#A017">Elements of Executive Compensation</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right">8</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in"><FONT STYLE="color: Black"><A HREF="#A018">Management of Compensation
    &#8211; Related Risk</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right"><FONT STYLE="color: Black">9</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in"><FONT STYLE="color: Black"><A HREF="#A019">Audit/Compensation Committee
    Report on Executive Compensation</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right"><FONT STYLE="color: Black">10</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in"><FONT STYLE="color: Black"><A HREF="#A020">Executive Compensation Summary</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right"><FONT STYLE="color: Black">11</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in; text-indent: -0.25in; text-transform: uppercase"><FONT STYLE="color: Black"><A HREF="#A021">SECURITY
    OWNERSHIP OF MANAGEMENT AND CERTAIN BENEFICIAL OWNERS</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; text-indent: 0in; text-transform: uppercase"><FONT STYLE="color: Black">12</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in; text-indent: -0.25in; text-transform: uppercase"><FONT STYLE="color: Black"><A HREF="#A022">TRANSACTIONS
    WITH RELATED PERSONS</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; text-indent: 0in; text-transform: uppercase"><FONT STYLE="color: Black">13</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in; text-indent: -0.25in; text-transform: uppercase"><FONT STYLE="color: Black"><A HREF="#A023">RELATIONSHIP
    WITH INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; text-indent: 0in; text-transform: uppercase"><FONT STYLE="color: Black">14</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in; text-indent: -0.25in; text-transform: uppercase"><FONT STYLE="color: Black"><A HREF="#A024">PRINCIPAL
    ACCOUNTANT FEES AND SERVICES</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; text-indent: 0in; text-transform: uppercase"><FONT STYLE="color: Black">14</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in; text-indent: -0.25in; text-transform: uppercase"><FONT STYLE="color: Black"><A HREF="#A025">STOCKHOLDER
    PROPOSAL ON INDEPENDENT DIRECTOR STOCK PURCHASE REQUIREMENT</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; text-indent: 0in; text-transform: uppercase"><FONT STYLE="color: Black">15</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in; text-indent: -0.25in; text-transform: uppercase"><FONT STYLE="color: Black"><A HREF="#A026">OTHER
    MATTERS</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; text-indent: 0in; text-transform: uppercase"><FONT STYLE="color: Black">16</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in"><FONT STYLE="color: Black"><A HREF="#A027">Solicitation of Proxies</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right"><FONT STYLE="color: Black">16</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in"><FONT STYLE="color: Black"><A HREF="#A028">Stockholders&#8217; Proposals
    for the 2017 Annual Meeting</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right"><FONT STYLE="color: Black">16</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in"><FONT STYLE="color: Black"><A HREF="#A029">Action on Other Matters at
    the 2016 Annual Meeting</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right"><FONT STYLE="color: Black">16</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in"><FONT STYLE="color: Black"><A HREF="#A030">Section 16(a) Beneficial
    Ownership Reporting Compliance</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right"><FONT STYLE="color: Black">16</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 8pt; padding-left: 0.25in"><FONT STYLE="color: Black"><A HREF="#A031">Availability of Form 10-K</A></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right"><FONT STYLE="color: Black">17</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 0.25in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 8pt; text-align: center; text-indent: 0in"><FONT STYLE="color: Black"><B>INGLES
MARKETS, INCORPORATED</B><BR>
<B>P. O. BOX 6676</B><BR>
<B>ASHEVILLE, NORTH CAROLINA 28816</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 8pt; text-align: center; text-indent: 0in"><FONT STYLE="color: Black"><B>ANNUAL
STOCKHOLDERS MEETING</B><BR>
<B>FEBRUARY 9, 2016</B><BR>
<B>Grove Park Inn</B><BR>
<B>290 Macon Avenue</B><BR>
<B>Asheville, North Carolina 28804</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center; text-indent: 0in"><FONT STYLE="color: Black"><A NAME="a_Toc151466939"></A><A NAME="A001"></A><B>PROXY
STATEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Board of Directors (the &#8220;Board&#8221;) of Ingles Markets, Incorporated (the &#8220;Company&#8221;) furnishes you with this
Proxy Statement to solicit proxies to be voted at the 2016 Annual Meeting of Stockholders of the Company. The meeting will be
held at the Grove Park Inn, 290 Macon Avenue, Asheville, North Carolina, on Tuesday, February 9, 2016, at 11:00 a.m. local time,
for the purposes set forth in the Notice of Annual Meeting of Stockholders that accompanies this Proxy Statement. The proxies
also may be voted at any adjournments or postponements of the meeting. <A NAME="a_DV_C48"></A><FONT STYLE="font-weight: normal; text-underline-style: double">Pursuant
to rules adopted by the Securities and Exchange Commission, we have provided access to our proxy materials over the Internet.
Accordingly, we are sending a Notice of Internet Availability of Proxy Materials, which is referred to herein as the &#8220;E-proxy
notice,&#8221; on or about December 22, 2015</FONT> to each holder of record of the Company&#8217;s Class A Common Stock, $0.05
par value per share (&#8220;Class A Common Stock&#8221;) and Class B Common Stock, $0.05 par value per share (&#8220;Class B Common
Stock&#8221;), as of December 16, 2015, the record date for the meeting (the &#8220;Record Date&#8221;). Class A Common Stock
and Class B Common Stock are sometimes referred to collectively in this Proxy Statement as &#8220;Common Stock.&#8221; The E-proxy
notice and this proxy statement summarize the information you need to know to vote by proxy or in person at the annual meeting.
You do not need to attend the annual meeting in person in order to vote.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Company&#8217;s principal executive offices are located at 2913 U.S. Highway 70 West, Asheville (Black Mountain), North Carolina
28711. This Proxy Statement and the accompanying forms of proxy are first being provided to stockholders on or about December
22, 2015.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><A NAME="a_Toc151466940"></A><A NAME="A002"></A><B>Execution
and Revocation of Proxies</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Shares
of Common Stock properly voted by proxy as instructed in the E-proxy notice will be voted at the Annual Meeting in accordance
with the instructions on the proxy. Proxies that are not properly executed or are not received by the Secretary at or before the
Annual Meeting will not be effective.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">A
stockholder can revoke a proxy at any time prior to the exercise of the authority granted under that proxy. A proxy may be revoked
by a stockholder in any of the following ways:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; color: Black">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">by
                                         attending the Annual Meeting and voting the shares covered by the original proxy in person
                                         at the Annual Meeting;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; color: Black">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">by
                                         delivering to the Secretary an instrument revoking the proxy; or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; color: Black">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">by
                                         delivering a later-dated, properly executed proxy with respect to shares covered by the
                                         original proxy.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><A NAME="a_Toc151466941"></A><A NAME="A003"></A><B>Actions
to Be Taken by Proxy </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">If
any stockholder fails to provide instructions on a proxy properly submitted via the Internet or mail, its proxy will be voted,
as recommended by the Board of Directors, at the Annual Meeting &#8220;<B>FOR</B>&#8221; the election of each of the Board nominees
named under the heading &#8220;<B>ELECTION OF DIRECTORS &#8211; Identification Of Directors and Executive Officers</B>&#8221;;
and &#8220;<B>AGAINST</B>&#8221; the stockholder proposal under the heading &#8220;<B>STOCKHOLDER</B> <B>PROPOSAL ON INDEPENDENT
DIRECTOR STOCK PURCHASE REQUIREMENT</B>&#8221;.<B> </B>As of the date of this Proxy Statement, the Company&#8217;s management
knows of no other matter to be brought before the Annual Meeting. Should any other matter properly come before the Annual Meeting,
all shares of Common Stock represented by effective proxies will be voted, at their discretion, by the persons acting under such
proxies.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><A NAME="a_Toc151466942"></A><A NAME="A004"></A><B>Voting
Rights</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Only
holders of record of shares of Class A Common Stock or Class B Common Stock at the close of business on the Record Date are entitled
to vote at the meeting or adjournments or postponements of the meeting. At the close of business on the Record Date, there were
13,942,826 shares of Class A Common Stock and 6,316,950 shares of Class B Common Stock issued and outstanding.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B><I>Quorum
Requirements.</I></B> The presence in person or by proxy of holders of a majority of the outstanding shares of Class A Common
Stock constitutes a quorum for purposes of the election of directors by the holders of Class A Common Stock. The presence in person
or by proxy of holders of a majority of the outstanding shares of Class B Common Stock constitutes a quorum for purposes of the
election of directors by the holders of Class B Common Stock. If holders of shares possessing a majority of the aggregate votes
represented by the Class A Common Stock and Class B Common Stock, taking into account the ten votes per share attributable to
the Class B Common Stock, are present at the Annual Meeting in person or by proxy, a quorum will be present for purposes of any
other matter that may be presented at the Annual Meeting. Abstentions with respect to a proposal and broker non-votes are counted
for purposes of establishing a quorum. A broker non-vote occurs if a broker does not receive instructions from the beneficial
owner of shares held in street name for certain types of proposals and the broker indicates it does not have authority to vote
such shares.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B><I>Election
of Directors.</I></B> If a quorum of each class is present at the Annual Meeting, the holders of Class A Common Stock, voting
as a class, will elect two directors, and the holders of Class B Common Stock, voting as a class, will elect six directors. For
purposes of the election of directors, each stockholder will have one vote for each share of Common Stock held by the stockholder
as of the Record Date. Pursuant to the North Carolina Business Corporation Act, directors will be elected by a plurality of the
votes cast by the holders of shares entitled to vote in the election. Thus, abstentions and broker non-votes will not be included
in vote totals and will not affect the outcome of the vote.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">In
accordance with New York Stock Exchange rules, a broker that is a member firm of that exchange does not have authority to vote
shares held by it in &#8220;street name&#8221; in the election of directors unless it is instructed by the beneficial owner of
such shares as to how such shares are to be voted in such election. Accordingly, if you hold your shares through a broker, you
are urged to provide it voting instructions in accordance with your broker&#8217;s directions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Cumulative
voting is not applicable to the election of directors at the Annual Meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B><I>Other
Matters.</I></B> Unless otherwise provided in the Company&#8217;s Articles of Incorporation or the North Carolina Business Corporation
Act, holders of Class A Common Stock and Class B Common Stock will vote as a single class with respect to any matter. In any such
vote, stockholders will be entitled to one vote for each share of Class A Common Stock held as of the Record Date and ten votes
for each share of Class B Common Stock held as of the Record Date. For purposes of any such vote, if a quorum is present, a proposal
will pass if the votes cast &#8220;for&#8221; the action exceed the votes cast &#8220;against&#8221; the action, unless otherwise
provided in the Company&#8217;s Articles of Incorporation or the North Carolina Business Corporation Act. Shares not voted with
respect to any such matters (whether by abstention or broker non-vote) would not be included in vote totals and would not impact
the vote. As of the date of this Proxy Statement, the Company knows of no matters other than those listed on the Notice of Annual
Meeting of Stockholders to be presented for action at the Annual Meeting.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center; text-indent: 0in"><FONT STYLE="color: Black"><A NAME="a_Toc151466943"></A><A NAME="A005"></A><B>ELECTION
OF DIRECTORS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Each
member of the Board is elected for a term of one year and until his/her successor is elected and qualified or until his/her earlier
death, resignation or removal from office. The Company&#8217;s Articles of Incorporation and Bylaws provide that the Board may
from time to time fix by resolution the number of directors that constitutes the Board, which shall be not less than five nor
more than eleven. The Board has determined by resolution that the number of directors will be fixed at eight for purposes of this
election. In accordance with the Company&#8217;s Articles of Incorporation and Bylaws, two of the eight directors will be elected
by a vote of the holders of the Class A Common Stock, voting as a separate class, and the remaining six directors will be elected
by a vote of the holders of the Class B Common Stock, voting as a separate class.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><A NAME="a_Toc151466944"></A><A NAME="A006"></A><B>Identification
of Directors and Executive Officers</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>The
Board has nominated, and recommends a vote FOR, Ernest E. Ferguson and Brenda S. Tudor as directors to be elected by the holders
of the Class A Common Stock and Fred D. Ayers, L. Keith Collins, Ronald B. Freeman, Robert P. Ingle, II, James W. Lanning, and
Laura Ingle Sharp as directors to be elected by the holders of the Class B Common Stock.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Mr.
Ferguson and Ms. Tudor were elected to the Board of Directors on December 9, 2014. All other nominees have been directors for
a number of years.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Proxies
received by the Board will be voted &#8220;<B>For</B>&#8221; the election of all of the nominees unless stockholders specify a
contrary choice in their proxy. We expect each director nominee to be able to serve if elected. If any director nominee is not
able to serve, proxies will be voted &#8220;for&#8221; the remainder of those nominated and may be voted for substitute nominees.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
biographical information set forth below was furnished by each named director and executive officer of the Company. Except as
otherwise indicated, each such person has been engaged in his or her most recent occupation or employment for more than five years.</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 40%; padding-bottom: 8pt; text-decoration: underline; text-indent: 0in"><FONT STYLE="color: Black"><U>DIRECTORS
    AND EXECUTIVE OFFICERS</U></FONT></TD>
    <TD STYLE="width: 1%; padding-right: -11.4pt; padding-bottom: 8pt; text-indent: 0.6pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 59%; padding-bottom: 8pt; text-indent: 0in"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; text-indent: 0in"><FONT STYLE="color: Black">Robert P. Ingle, II&#9;</FONT></TD>
    <TD STYLE="padding-right: -11.4pt; padding-bottom: 8pt; text-indent: 0.6pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">Robert P. Ingle, II has
    been a member of the Board of Directors since February 1997, has served as Chairman of the Board since May 2004, and has served
    as Chief Executive Officer since March 2011. He has been employed by the Company in a variety of positions since 1985. Mr.
    Ingle is 47.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; text-indent: 0in"><FONT STYLE="color: Black">James W. Lanning&#9;</FONT></TD>
    <TD STYLE="padding-right: -11.4pt; padding-bottom: 8pt; text-indent: 0.6pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">Mr. Lanning has served as
    a director of the Company since May<B> </B>2003 and has served as President and Chief Operating Officer since March 2003.
    He has been employed by the Company in a variety of positions since 1975. Mr. Lanning is 56.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; text-indent: 0in"><FONT STYLE="color: Black">Ronald B. Freeman&#9;</FONT></TD>
    <TD STYLE="padding-right: -11.4pt; padding-bottom: 8pt; text-indent: 0.6pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">Mr. Freeman has served as
    a director of the Company since May 2005 and has served as Chief Financial Officer of the Company since April 2005. Mr. Freeman
    is 58.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; text-indent: 0in"><FONT STYLE="color: Black">L. Keith Collins&#9;</FONT></TD>
    <TD STYLE="padding-right: -11.4pt; padding-bottom: 8pt; text-indent: 0.6pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">Mr. Collins has served as
    a director since December 2011. Mr. Collins is President of Milkco, Inc., a subsidiary of the Company that processes, packages
    and distributes milk, fruit juices and spring water. Mr. Collins was previously Vice President of Milkco from 2004 to 2011.
    He has been continuously employed by Milkco since 1990. Mr. Collins is 58.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; text-indent: 0in"><FONT STYLE="color: Black">Fred D. Ayers&#9;</FONT></TD>
    <TD STYLE="padding-right: -11.4pt; padding-bottom: 8pt; text-indent: 0.6pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">Mr. Ayers has served as
    a director of the Company since February 2006. Mr. Ayers retired in 2002 as a senior officer of Wachovia Bank. He has served
    on numerous boards and remains active in the Asheville Community. Mr. Ayers is 73.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; text-indent: 0in"><FONT STYLE="color: Black">Ernest E. Ferguson&#9;</FONT></TD>
    <TD STYLE="padding-right: -11.4pt; padding-bottom: 8pt; text-indent: 0.6pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">Mr. Ferguson was elected
    as a director of the Company on December 9, 2014. Mr. Ferguson retired in 2007 as a senior vice president and commercial sales
    director of Wachovia Bank (now Wells Fargo). He has continued to serve on numerous boards and remains active in the Asheville
    community. Mr. Ferguson is 68.</FONT></TD></TR>
</TABLE>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 40%; padding-bottom: 8pt; text-indent: 0in"><FONT STYLE="color: Black">Brenda S. Tudor&#9;</FONT></TD>
    <TD STYLE="width: 1%; padding-right: -11.4pt; padding-bottom: 8pt; text-indent: 0.6pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 59%; padding-bottom: 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">Ms. Tudor was
    elected as a director of the Company on December 9, 2014. Ms. Tudor is a certified public accountant. She is President and
    Chief Financial Officer of Morgan-Keefe Builders, Inc. Ms. Tudor retired as Vice President Finance and Chief Financial Officer
    of the Company in 2005 and was a director of the Company from 1998 to 2005. Ms. Tudor is 58.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in"><FONT STYLE="color: Black">Laura Ingle Sharp &#9;</FONT></TD>
    <TD STYLE="padding-right: -11.4pt; text-indent: 0.6pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">Ms. Sharp has been a director of the Company
    since February 1997. She has in the past served the Company in several capacities on a full-time and part-time basis. The
    Company&#8217;s &#8220;Laura Lynn&#8221; private label products are named after Ms. Sharp. Ms. Sharp is 58.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Messrs.
Ingle, Lanning, Freeman and Collins, and Ms. Sharp have been employees and/or directors of the Company, or its subsidiaries, for
many years and, as such, are uniquely qualified to serve on the Company&#8217;s Board of Directors. Messrs. Ayers and Ferguson,
and Ms. Tudor provide unique and diverse qualities to our Board of Directors as a result of their backgrounds as senior banking
officers, and corporate executive officer and director, respectively.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Company does not have a policy with regard to the consideration of diversity in identifying director nominees.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Robert
P. Ingle, II and Laura Ingle Sharp are brother and sister. There are no other family relationships among any of the directors
or executive officers of the Company. Based upon the voting power of Mr. Robert P. Ingle, II in the election of directors, the
Company meets the definition of a &#8220;Controlled Company&#8221; for purposes of the Nasdaq corporate governance rules and thus
is exempt from certain of its corporate governance requirements, including the requirement that a majority of the board members
be &#8220;Independent Directors.&#8221;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 8pt; text-indent: 0in"><FONT STYLE="color: Black"><A NAME="a_Toc151466945"></A><A NAME="A007"></A><B>Committees
of the Board of Directors</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Board had three standing committees during fiscal 2015: an Executive Committee, an Audit/Compensation Committee and a Human Resources
Advisory Committee. The Company did not have a separate nominating committee during fiscal 2015. As a Controlled Company under
the Nasdaq corporate governance rules, the continued listing requirements of Nasdaq do not require that the Company have a nominating
committee.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B><I>The
Executive Committee.</I></B> The Executive Committee can exercise the powers of the full Board between meetings of the Board,
except for powers that may not be delegated to a committee of the Board under the North Carolina Business Corporation Act. During
fiscal 2015, the Executive Committee consisted of Messrs. Robert P. Ingle, II, Ronald B. Freeman and James W. Lanning.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B><I>The
Audit/Compensation Committee.</I></B> The Board has established, through the Company&#8217;s Bylaws, an Audit/Compensation Committee.
When acting in its capacity as Audit Committee, this committee acts under the authority of and has the responsibilities described
in the Company&#8217;s Audit Committee Charter. The Audit Committee Charter is available on the Company&#8217;s website at www.ingles-markets.com.
In this capacity, the committee is responsible for, among other things, recommending the engagement of the Company&#8217;s independent
registered public accounting firm, approving the fees and services to be provided by the independent registered public accounting
firm, overseeing the independent registered public accounting firm, reviewing and evaluating significant matters relating to the
audit and internal controls of the Company, reviewing the scope and results of audits by, and recommendations of, the Company&#8217;s
independent registered public accounting firm and establishing and administering the Company&#8217;s Related Party Transaction
policy. In addition, the committee reviews the audited consolidated financial statements of the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Committee does not have a separate Compensation Committee charter. When the committee is acting in its capacity as the Compensation
Committee, the Board has empowered the committee to:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; color: Black">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">approve
                                         compensation levels and increases in compensation of each executive officer and of other
                                         employees of the Company whose annual base salary is in excess of $150,000; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; color: Black">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">approve
                                         all incentive payments to executive officers and any incentive payments in excess of
                                         $25,000, paid in cash or property, in any calendar year to any other employee that does
                                         not work in one of the Company&#8217;s supermarkets.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Furthermore,
the Committee, when acting as the Compensation Committee, administers the Company&#8217;s employee benefit plans and other compensation
matters where independent, disinterested administration is required by applicable tax or securities laws and regulations. Where
such laws or regulations require that grants or awards under the Company&#8217;s stock-based employee benefit plans be made by
the full Board or by a committee of non-employee or outside directors, the Committee or the Board, as appropriate, makes such
decisions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">During
fiscal 2015, the Audit/Compensation Committee consisted of Messrs. Ayers and Ferguson and Ms. Tudor. Effective December 9, 2014,
Mr. Ayers was named Audit/Compensation Committee Chairman and both Mr. Ferguson and Ms. Tudor were appointed members of the Audit/Compensation
Committee. The Board has determined that each member of the committee is</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="color: Black">independent
for purposes of the provisions of the Sarbanes-Oxley Act of 2002 and the Nasdaq corporate governance rules regarding audit committees.
The Board has also determined that Mr. Ayers, an &#8220;audit committee financial expert&#8221; as defined under the rules of
the Securities and Exchange Commission, is independent of management of the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B><I>The
Human Resources Advisory Committee.</I></B> The Human Resources Advisory Committee was established in August 1998 to oversee certain
of the Company&#8217;s human resources compliance policies and programs. During fiscal 2015, Ms. Sharp and Mr. Freeman served
as members of this committee.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 8pt; text-indent: 0in"><FONT STYLE="color: Black"><A NAME="a_Toc151466946"></A><A NAME="A008"></A><B>Compensation
Committee Interlocks and Insider Participation in Compensation Decisions</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">All
compensation decisions made during fiscal 2015 that were not made exclusively by the Board or the Audit/Compensation Committee
were made by the Chief Executive Officer, in certain instances in consultation with the President and Chief Operating Officer.
Messrs. Ayers and Ferguson and Ms. Tudor, who were the members of the Audit/Compensation Committee during fiscal 2015, were not
officers or employees of the Company or its subsidiaries during fiscal 2015 or any prior fiscal year. Messrs. Ayers and Ferguson
and Ms. Tudor did not have any relationships with the Company that would require disclosure under &#8220;Transactions With Related
Persons.&#8221;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 8pt; text-indent: 0in"><FONT STYLE="color: Black"><A NAME="a_Toc151466947"></A><A NAME="A009"></A><B>Meetings
of the Board of Directors and Committees</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Board held four formal meetings during fiscal 2015. The Executive Committee held no formal meetings during fiscal 2015, but met
periodically on an informal basis. The Audit/Compensation Committee held four formal meetings during fiscal 2015, and met periodically
on an informal basis during Board meetings and as required for other purposes. The Human Resources Advisory Committee held no
formal meetings during fiscal 2015, but received updates on human resource issues as needed at quarterly Board meetings. Each
director attended at least 75% of all meetings of the Board and of the committees of the Board on which he or she served during
fiscal 2015.<B> </B> See &#8220;Committees of the Board of Directors.&#8221;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Directors
who are not officers of the Company or any of its subsidiaries are paid an annual retainer of $15,000 plus $1,000 for each Board
or Committee meeting they attend in person. Audit/Compensation Committee members other than the Chairman are also paid an additional
annual retainer of $10,000 for service on such Committee, and the Chairman of the Audit/Compensation Committee is paid an additional
annual retainer of $15,000.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
following director compensation table sets forth, for the fiscal year ended September 26, 2015, the cash compensation paid by
the Company to its outside directors. There were no other items of compensation paid to outside directors for the fiscal year
ended September 26, 2015.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 8pt; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="color: Black">Name</FONT></TD><TD STYLE="font-size: 8pt; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-size: 8pt; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="color: Black"><B>Fees</B></FONT></P> <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="color: Black"><B>Earned
                                         or Paid</B></FONT></P> <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="color: Black"><B>in
                                         Cash</B></FONT></P> <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="color: Black"><B>($)</B></FONT></P></TD><TD STYLE="font-size: 8pt; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-size: 8pt; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="color: Black"><B>Total</B></FONT></P> <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="color: Black"><B>($)</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 56%; text-align: left; text-indent: 0in"><FONT STYLE="color: Black">Fred D. Ayers&#9;</FONT></TD><TD STYLE="width: 8%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 12%; text-align: right"><FONT STYLE="color: Black">33,200</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 2%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="width: 12%; text-align: right"><FONT STYLE="color: Black">33,200</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 0in"><FONT STYLE="color: Black">Ernest E. Ferguson&#9;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">24,800</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">24,800</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 0in"><FONT STYLE="color: Black">Laura Ingle Sharp&#9;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">18,200</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">18,200</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: 0in"><FONT STYLE="color: Black">Brenda S. Tudor&#9;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">24,800</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">24,800</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 0in"><FONT STYLE="color: Black">John O. Pollard<SUP>(1)</SUP>&#9;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">6,250</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="color: Black">6,250</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5in 4pt 0"><FONT STYLE="color: Black">___________</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black"><A NAME="a_Toc151466948"></A>(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Mr.
                                         Pollard resigned from the Board of Directors and the Audit/Compensation Committee in
                                         December 2014.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 8pt; text-indent: 0in"><FONT STYLE="color: Black"><A NAME="A010"></A><B>Director
Nominations</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">As
noted above, the Company did not have a standing nominating committee in fiscal 2015. Historically, the Board of Directors has
not considered a nominating committee necessary in that there have been few vacancies on the Company&#8217;s Board, and vacancies
have been filled through discussions between the Chief Executive Officer and the Chief Financial Officer of the Company with input
from other Board members as needed. Under the Company&#8217;s Articles of Incorporation, 25% of the directors of the Company are
elected by the holders of Class A Common Stock, voting as a separate class, and the remaining directors are elected by holders
of the Class B Common Stock, voting as a separate class. Mr. Ingle II, the Chief Executive Officer and Chairman of the Company,
is also the majority holder of the outstanding shares of Class B Common Stock as a result of being appointed the trustee with
sole voting and dispositive power of trusts established by his father, Robert P. Ingle, in connection with his estate plan.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Company has not received director candidate recommendations from its stockholders and does not have a formal policy regarding
consideration of such recommendations. However, any recommendations received from stockholders will be evaluated in the same manner
that potential nominees suggested by Board members, management or other parties are evaluated. The Company does not intend to
treat stockholder recommendations in any manner different from other recommendations. Stockholders may submit recommendations
in writing to the Secretary at the Company&#8217;s principal office, the address of which is set forth in this Proxy Statement.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Board has not adopted a policy with respect to minimum qualifications for Board members. Conversely, with respect to each individual
vacancy, the Board has determined the specific qualifications and skills required to fill that vacancy and to complement the existing
qualifications and skills of the other Board members. Historically, the Company has not engaged third parties to assist in identifying
and evaluating potential nominees, but would do so in those situations where particular qualifications are required to fill a
vacancy and the Board&#8217;s and management&#8217;s contacts are not sufficient to identify an appropriate candidate.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><A NAME="a_Toc151466949"></A><A NAME="A011"></A><B>Stockholder
Communication with Board Members</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Company maintains contact information, both telephone and email, on its website under the heading &#8220;Talk to Us.&#8221; By
following the &#8220;Talk to Us&#8221; link, a stockholder will be given access to the Company&#8217;s telephone number and mailing
address as well as a link for providing email correspondence to Investor Relations. Communications sent to Investor Relations
and specifically marked as a communication for the Board will be forwarded to the Board or specific members of the Board as directed
in the stockholder communication. In addition, communications received via telephone for the Board are forwarded to the Board
by an officer of the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><A NAME="a_Toc151466950"></A><A NAME="A012"></A><B>Board
Member Attendance at Annual Meetings</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Company generally requires that all directors attend the annual meeting of stockholders, absent extraordinary circumstances. All
directors attended the annual meeting of stockholders held in 2015.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><A NAME="a_Toc151466951"></A><A NAME="A013"></A><B>Code
of Ethics</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Company has adopted a Code of Ethics that applies to its senior financial officers, including without limitation, its Chief Executive
Officer, Chief Financial Officer and Controller. The full text of the Code of Ethics is published on the Company&#8217;s website
at <U>www.ingles-markets.com</U> under the caption &#8220;Corporate Information.&#8221; In the event that the Company makes any
amendments to, or grants any waivers of, any provision of the Code of Ethics applicable to its principal executive officer, principal
financial officer or principal accounting officer, the Company intends to promptly disclose such amendment or waiver on its website.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 8pt; text-align: center; text-indent: 0in"><FONT STYLE="color: Black"><A NAME="a_Toc151466952"></A><A NAME="A014"></A><B>AUDIT/COMPENSATION
COMMITTEE REPORT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in; color: blue"><FONT STYLE="color: Black"><A NAME="a_DV_C140"></A><FONT STYLE="font-weight: normal; text-underline-style: double"><I>The
following report of the Audit/Compensation Committee does not constitute soliciting material and should not be deemed filed with
the Securities and Exchange Commission nor shall this report be incorporated by reference into any of our filings under the Securities
Act of 1933 or the Securities Exchange Act of 1934.</I></FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><A NAME="a_DV_M180"></A>The
Audit/Compensation Committee oversees the Company&#8217;s financial reporting process on behalf of the Board. Management has the
primary responsibility for the Company&#8217;s financial statements and the financial reporting process including the systems
of internal controls. The <A NAME="a_DV_C141"></A><FONT STYLE="font-weight: normal; text-underline-style: double">Company&#8217;s
</FONT><A NAME="a_DV_M181"></A>independent <A NAME="a_DV_C143"></A><FONT STYLE="font-weight: normal; text-underline-style: double">registered
public accounting firm is</FONT><A NAME="a_DV_M182"></A> responsible for performing an independent audit of the Company&#8217;s
consolidated financial statements and issuing an opinion on the conformity of those audited financial statements with generally
accepted accounting principles.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in; color: blue"><FONT STYLE="color: Black"><A NAME="a_DV_C145"></A><FONT STYLE="font-weight: normal; text-underline-style: double">In
connection with the preparation and filing of the Company&#8217;s Annual Report on Form 10-K for its fiscal year ended September
26, 2015:</FONT></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black"><A NAME="a_DV_C146"></A><FONT STYLE="font-weight: normal; text-underline-style: double">(1)</FONT></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal; text-underline-style: double; color: Black">The</FONT><FONT STYLE="color: Black"><A NAME="a_DV_M183"></A>
                                         Audit/Compensation Committee reviewed <A NAME="a_DV_C147"></A><FONT STYLE="font-weight: normal; text-underline-style: double">and
                                         discussed </FONT><A NAME="a_DV_M184"></A>the audited <A NAME="a_DV_C148"></A><FONT STYLE="font-weight: normal; text-underline-style: double">consolidated
                                         </FONT><A NAME="a_DV_M185"></A>financial statements<A NAME="a_DV_C150"></A> <FONT STYLE="font-weight: normal; text-underline-style: double">with&nbsp;management;</FONT></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black"><A NAME="a_DV_C151"></A><FONT STYLE="font-weight: normal; text-underline-style: double">(2)</FONT></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">The
                                         Audit/Compensation Committee <A NAME="a_DV_C153"></A><FONT STYLE="font-weight: normal; text-underline-style: double">discussed
                                         with a member of Deloitte &amp; Touche LLP, the Company&#8217;s independent registered
                                         public accounting firm, the</FONT> matters<A NAME="a_DV_M188"></A> required to be discussed
                                         <A NAME="a_DV_C156"></A><FONT STYLE="font-weight: normal; text-underline-style: double">by
                                         the statement</FONT><A NAME="a_DV_M190"></A> on Auditing Standards No. <A NAME="a_DV_C158"></A><FONT STYLE="font-weight: normal; text-underline-style: double">61,
                                         as amended (AICPA, <I>Professional Standards</I>, Vol. 1 AU Section 380), as adopted
                                         by the Public Company Accounting Oversight Board in Rule 3200T; and</FONT></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black"><A NAME="a_DV_C159"></A><FONT STYLE="font-weight: normal; text-underline-style: double">(3)</FONT></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-weight: normal; text-underline-style: double; color: Black">The</FONT><FONT STYLE="color: Black"><A NAME="a_DV_M191"></A>
                                         Audit/Compensation Committee<A NAME="a_DV_M193"></A> received the written disclosures
                                         and the letter from<A NAME="a_DV_C162"></A> <FONT STYLE="font-weight: normal; text-underline-style: double">Deloitte
                                         &amp; Touche LLP required by the applicable requirements of the Public Company Accounting
                                         Oversight Board regarding the independent accountant&#8217;s communications with the
                                         </FONT>Audit/Compensation Committee <A NAME="a_DV_C164"></A><FONT STYLE="font-weight: normal; text-underline-style: double">concerning
                                         independence and has discussed with Deloitte &amp; Touche LLP its independence.</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><A NAME="a_DV_M194"></A>The
Audit/Compensation Committee discussed with the<A NAME="a_DV_C166"></A><FONT STYLE="font-weight: normal; text-underline-style: double">
Company&#8217;s</FONT><A NAME="a_DV_M195"></A> independent <FONT STYLE="font-weight: normal; text-underline-style: double">registered
public accounting firm</FONT> the overall scope and plans for their audit of the Company&#8217;s financial statements. The Audit/Compensation
Committee meets <A NAME="a_DV_C167"></A><FONT STYLE="font-weight: normal; text-underline-style: double">periodically </FONT><A NAME="a_DV_M196"></A>with
the<A NAME="a_DV_C168"></A><FONT STYLE="font-weight: normal; text-underline-style: double"> Company&#8217;s</FONT><A NAME="a_DV_M197"></A>
independent <FONT STYLE="font-weight: normal; text-underline-style: double">registered public accounting firm</FONT> to discuss
the results of their examinations, their evaluations of the Company&#8217;s internal controls and the overall quality of the Company&#8217;s
financial reporting. The Audit/Compensation Committee held four meetings during fiscal 2015.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in; color: blue"><FONT STYLE="color: Black"><A NAME="a_DV_C165"></A><FONT STYLE="font-weight: normal; text-underline-style: double">Based
on the review and discussions referred to above, the Audit/Compensation Committee recommended to the Company&#8217;s Board of
Directors (and the Board approved) that the Company&#8217;s audited consolidated financial statements be included in the Company&#8217;s
Annual Report on Form 10-K for the fiscal year ended September 26, 2015, for filing with the Securities and Exchange Commission.</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4.25in; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">SUBMITTED
BY:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4.25in; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">THE
AUDIT/COMPENSATION COMMITTEE</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4.25in; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 4.25in; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">Fred
D. Ayers Ernest E. Ferguson Brenda S. Tudor</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 8pt; text-align: center"><FONT STYLE="color: Black"><A NAME="a_Toc151466953"></A><A NAME="A015"></A><FONT STYLE="text-transform: uppercase"><B>EXECUTIVE
COMPENSATION AND OTHER INFORMATION</B></FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 8pt; text-indent: 0in"><FONT STYLE="color: Black"><A NAME="A016"></A><B>Compensation
Discussion and Analysis</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
following discussion and analysis is intended to provide an understanding of the actual compensation earned by each of the Company&#8217;s
named executive officers (&#8220;Executive Officers&#8221;), and describes the Company&#8217;s compensation objectives and policies
as applied to these Executive Officers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><A NAME="a_DV_C37"></A><B><I>Compensation
Philosophy. </I></B>The objectives of the Company&#8217;s compensation program are to (1) attract, motivate, develop and retain
top quality executives who will drive long-term stockholder value and (2) deliver competitive total compensation packages based
upon both Company and individual performance. The Company wants its executives to balance the risks and related opportunities
inherent in its industry and in the performance of their duties and share the upside opportunity and the downside risks once actual
performance is measured.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><A NAME="a_DV_C38"></A>The
Audit/Compensation Committee is responsible for administering executive compensation. The duties of this committee are set forth
under the heading &#8220;<B>ELECTION OF DIRECTORS &#8211; Committees of the Board of Directors</B> <B>&#8211;</B> <B>Audit/Compensation
Committee</B>.&#8221; To achieve the objectives of the Company&#8217;s compensation program, the Company&#8217;s Chief Executive
Officer and the Audit/Compensation Committee have set forth a compensation program for its Executive Officers that is reviewed
annually. It includes the following elements:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; color: Black">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Base
                                         annual cash salary;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; color: Black">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Annual
                                         cash incentive bonuses; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; color: Black">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Retirement,
                                         health and other benefits.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Company does not have any Employment, Change in Control or Severance Agreements with any of its Executive Officers. The Company
believes in trust, loyalty and commitment from both the Company and the Executive Officers, and believes that such agreements
are not necessary to achieve its goals and the needs of the Executive Officers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B><I>Factors
Considered in Determining Compensation.</I></B> The Company&#8217;s Chief Executive Officer periodically reviews the compensation
paid by the Company to its Executive Officers and other employees. Based on the Company&#8217;s general performance and that of
the individual Executive Officer, he makes final subjective determinations (in certain instances in consultation with the President
and Chief Operating Officer) with respect to any changes to be made to that compensation. Bonuses paid to officers of the Company&#8217;s
subsidiary, Milkco, Inc., are based on a percentage of Milkco&#8217;s earnings before taxes and payment of bonuses.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; color: Black">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Neither
                                         the full Board nor the Audit/Compensation Committee generally reviews or ratifies the
                                         Chief Executive Officer&#8217;s decisions relating to executive compensation unless otherwise
                                         required by the Company&#8217;s Bylaws, by resolutions adopted by the Board, or by the
                                         North Carolina Business Corporation Act. Decisions are made by the Board or the Audit/Compensation
                                         Committee if such decisions require the adoption of documents relating to employee benefit
                                         plans or programs. In addition, the Audit/Compensation Committee is required by resolution
                                         of the Board of Directors to approve any increases in compensation that the Company will
                                         pay to an employee whose base salary is in excess of $150,000, all incentive compensation
                                         that the Company will pay to Executive Officers and any incentive payments in excess
                                         of $25,000 that the Company will pay to any other employee who does not work in one of
                                         the Company&#8217;s supermarkets. Certain managers that work in the Company&#8217;s supermarkets
                                         are paid incentive compensation based on each individual store&#8217;s operating profit.
                                         These incentive payments may exceed $25,000 and are not approved by the Audit/Compensation
                                         Committee.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Internal Revenue Code generally provides that corporate deductions will be disallowed for annual compensation in excess of $1
million paid to certain executive officers of publicly held corporations. &#8220;Performance-based&#8221; compensation is excluded
from the cap. Although the $1 million compensation deduction cap would be applicable to the Executive Officers named in the &#8220;<FONT STYLE="text-transform: uppercase"><B>Summary
Compensation Table</B></FONT>&#8221; their compensation levels for fiscal 2015 were below the cap. Nevertheless, the Chief Executive
Officer and the Audit/Compensation Committee, as appropriate, intend to consider the Internal Revenue Code&#8217;s compensation
deductibility cap when they determine compensation levels and to evaluate appropriate alternatives to mitigate any adverse impact
this limitation may have on the deductibility of executive compensation paid by the Company and its subsidiaries. The Company
believes all compensation paid to Executive Officers for fiscal 2015 is deductible under the Internal Revenue Code.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 8pt; text-indent: 0in"><FONT STYLE="color: Black"><A NAME="A017"></A><B>Elements
of Executive Compensation</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B><I>Base
Salary. </I></B><A NAME="a_DV_C56"></A>Base salary is used to attract and retain Executive Officers and is determined using publically
available comparisons with industry competitors and other relevant factors, including the seniority of the individual, the functional
role of the position, the level of the individual&#8217;s responsibility, ability to replace the individual, etc. The information
is used subjectively without benchmarking in the determination of base salaries. The base salaries paid to the Executive Officers
during fiscal 2015 are shown in the Summary Compensation Table presented in this proxy statement.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B><I>Cash
Incentive Bonus Awards.</I></B> Annual cash bonuses are a significant component of each Executive Officer&#8217;s compensation,
reflecting the Company&#8217;s belief that management&#8217;s contribution to long-term stockholder returns comes from maximizing
earnings and the potential of the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Executive
Officers of the Company received a bonus, the amounts of which were subjectively determined taking into consideration Company
profitability and the Executive Officer&#8217;s performance for the fiscal year to which the bonus relates. This subjective determination
is made by Mr. Ingle II, and the President and Chief Operating Officer, as appropriate, and approved by the Audit/Compensation
Committee. The bonus paid to Mr. Collins, President of the Company&#8217;s subsidiary, Milkco, Inc., is based on a percentage
of Milkco&#8217;s earnings before taxes and payment of bonuses. Mr. Collins receives a bonus equal to a percentage of Milkco&#8217;s
earnings before taxes and payment of bonuses, up to a maximum of $49,950 per year. Based on Milkco&#8217;s expected financial
performance, the Company anticipates Mr. Collins will continue to receive at or near the maximum bonus.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 8pt; text-indent: 0.5in"><FONT STYLE="color: Black"><B><I>Retirement,
Health and Other Benefits.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><I>Investment/Profit
Sharing Plan.</I> The Company maintains the Ingles Markets, Incorporated Investment/Profit Sharing Plan (the &#8220;Profit Sharing
Plan&#8221;) to provide retirement benefits to eligible employees, including Executive Officers. The Profit Sharing Plan includes
401(k) employee elective contributions, discretionary employer matching contributions and discretionary profit sharing contribution
features. The assets of the Profit Sharing Plan are held in trust for participants and are distributed upon the retirement, disability,
death or other termination of employment of the participant. Quarterly, the Company, in its discretion, determines the amount
of any Company profit sharing contributions and the amount of any matching contributions to be made based on participants&#8217;
401(k) contributions for the quarter. During fiscal 2015, the Company matched employee contributions at a rate of $0.50 for each
dollar of employee contributions up to 3% of the employee&#8217;s salary.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Employees
who participate in the Profit Sharing Plan may contribute to their 401(k) account between one percent and fifty percent (in increments
of one percent) of their compensation by way of salary reductions that cannot exceed a maximum amount that varies annually in
accordance with the Internal Revenue Code. The Company also makes available to Profit Sharing Plan participants the ability to
direct the investment of their 401(k) accounts (including the Company&#8217;s matching contributions) in various investment funds,
including a fund holding Class A Common Stock of the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Company did not make a discretionary profit sharing contribution to the Profit Sharing Plan for fiscal 2015.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Company
discretionary employer matching cash contributions to the Profit Sharing Plan totaled $1.6 million for fiscal 2015. These contributions
were allocated to the matching contribution accounts in each participant&#8217;s 401(k) account. The Company&#8217;s contributions
to each of the Executive Officers are reflected in the Summary Compensation Table. As of September 26, 2015, all of the Executive
Officers who are named in the Summary Compensation Table were 100% vested in their accounts.<B> </B>Participants&#8217; interests
in employer contributions allocated to their accounts vest over six years.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><I>Nonqualified
Investment Plan.</I> The Company maintains an Executive Nonqualified Excess Plan to provide benefits similar to the Investment/Profit
Sharing Plan to certain of the Company&#8217;s management employees and pharmacists (in the Company&#8217;s stores) who are otherwise
limited in their employee elective contributions under the 401(k) feature of the Profit Sharing Plan. Employees who participate
in the Executive Nonqualified Excess Plan may contribute between one percent and seventy-five percent of base pay and up to one
hundred percent of bonus pay (in increments of one percent) of their compensation by way of salary reductions. In addition, the
Company may make discretionary matching contributions. The Company&#8217;s contributions to each of the Executive Officers are
reflected in the Summary Compensation Table. During fiscal 2015, the Company matched employee contributions at a rate of $0.25
for each dollar of employee contributions up to 2% of the employee&#8217;s earnings. As of September 26, 2015, all of the Executive
Officers who are named in the Summary Compensation Table were 100% vested in their accounts.<B> </B>Participants&#8217; interests
in contributions allocated to their accounts vest over six years. Company contributions to the Plan were approximately $99,000
in fiscal 2015.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><I>Insurance.
</I>The Company currently makes available to its Executive Officers and all employees a comprehensive health, dental, life and
disability insurance program. The health care insurance offers a variety of coverage options, at the employee&#8217;s discretion.
The Company maintains, at its expense, for the benefit of each of its full-time employees life insurance policies in amounts up
to $150,000 based on the compensation of the employee. The premiums paid by the Company for the benefit of Executive Officers
are included in the Summary Compensation Table.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 6.5pt; text-indent: 0in"><FONT STYLE="color: Black"><A NAME="A018"></A><B>Management
of Compensation &#8211; Related Risk</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Company&#8217;s Board of Directors has considered and determined that risks arising from the Company&#8217;s compensation policies
and practices for its employees are not reasonably likely to have a material adverse effect on the Company.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 8pt; text-align: left; text-indent: 0in"><FONT STYLE="color: Black"><A NAME="A019"></A><B>Audit/Compensation
Committee Report on Executive Compensation</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Audit/Compensation Committee has reviewed and discussed with management the &#8220;Compensation Discussion and Analysis&#8221;
set forth above in this Proxy Statement. Based on such review, the related discussions and such other matters deemed relevant
and appropriate by the Audit/Compensation Committee, the Audit/Compensation Committee has recommended to the Board of Directors
that the &#8220;Compensation Discussion and Analysis&#8221; be included in this Proxy Statement and in the Company&#8217;s Annual
Report on Form 10-K for the year ended September 26, 2015.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4in; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">SUBMITTED
BY:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 4in; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">THE
AUDIT/COMPENSATION COMMITTEE</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 4in; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">Fred
D. Ayers Ernest E. Ferguson Brenda S. Tudor</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 8pt; text-indent: 0in"><FONT STYLE="color: Black"><A NAME="A020"></A><B>Executive
Compensation Summary</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
following tables set forth information concerning the compensation of the Company&#8217;s Chief Executive Officer, Chief Financial
Officer and each of its other Named Executive Officers at the end of fiscal 2015.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 8pt; text-align: center"><FONT STYLE="text-transform: uppercase; color: Black"><B>SUMMARY
COMPENSATION TABLE</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 8pt; color: Black; font-weight: bold; border-bottom: Black 1pt solid">Name and Principal Position<BR> during 2015</TD><TD STYLE="font-size: 8pt; color: Black; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 8pt; color: Black; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-size: 8pt; color: Black; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 8pt; color: Black; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Fiscal Year</TD><TD STYLE="font-size: 8pt; color: Black; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 8pt; color: Black; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="color: Black"><B>Salary</B></FONT></P> <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="color: Black"><B>($)</B></FONT></P></TD><TD STYLE="font-size: 8pt; color: Black; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 8pt; color: Black; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="color: Black"><B>Bonus</B></FONT></P> <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="color: Black"><B>($)</B></FONT></P></TD><TD STYLE="font-size: 8pt; color: Black; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 8pt; color: Black; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="color: Black"><B>Non-Equity Incentive Plan Compensation</B></FONT></P> <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="color: Black"><B>($)</B></FONT></P></TD><TD STYLE="font-size: 8pt; color: Black; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 8pt; color: Black; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="color: Black"><B>All Other Compensation</B></FONT></P> <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="color: Black"><B>($)(1)</B></FONT></P></TD><TD STYLE="font-size: 8pt; color: Black; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; color: Black; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="color: Black"><B>Total</B></FONT></P> <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="color: Black"><B>($)</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 40%; color: Black; text-align: left">Robert P. Ingle, II&#9;</TD><TD STYLE="width: 2%; color: Black">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="width: 2%; color: Black">&nbsp;</TD>
    <TD STYLE="width: 1%; color: Black; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; color: Black; text-align: right">2015</TD><TD STYLE="width: 1%; color: Black; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; color: Black">&nbsp;</TD>
    <TD STYLE="width: 1%; color: Black; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; color: Black; text-align: right">646,923</TD><TD STYLE="width: 1%; color: Black; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; color: Black">&nbsp;</TD>
    <TD STYLE="width: 1%; color: Black; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; color: Black; text-align: right">400,000</TD><TD STYLE="width: 1%; color: Black; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; color: Black">&nbsp;</TD>
    <TD STYLE="width: 1%; color: Black; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; color: Black; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; color: Black; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; color: Black">&nbsp;</TD>
    <TD STYLE="width: 1%; color: Black; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; color: Black; text-align: right">44,828</TD><TD STYLE="width: 1%; color: Black; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">1,091,751</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 9pt; color: Black; text-align: left">Chairman and Chief Executive</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">2014</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">611,923</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">350,000</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">68,892</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">1,030,815</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 9pt; color: Black">&nbsp;&nbsp;&nbsp;Officer</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">2013</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">576,923</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">300,000</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">64,295</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">941,218</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: Black; text-align: left">James W. Lanning&#9;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">2015</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">646,923</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">400,000</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">10,764</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">1,057,687</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 9pt; color: Black; text-align: left">President and Chief Operating</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">2014</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">611,923</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">350,000</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">10,339</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">972,262</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 9pt; color: Black">&nbsp;&nbsp;&nbsp;Officer</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">2013</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">576,923</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">300,000</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">9,677</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">886,600</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: Black; text-align: left">Ronald B. Freeman &#9;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">2015</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">329,615</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">105,000</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">4,617</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">439,233</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 9pt; color: Black; text-align: left">Vice President Finance,</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">2014</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">315,385</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">95,000</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">5,781</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">416,166</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 9pt; color: Black; text-align: left">&nbsp;&nbsp;&nbsp;Chief Financial Officer</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">2013</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">295,385</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">80,000</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">5,670</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">381,054</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: Black; text-align: left"><FONT STYLE="font-size: 10pt; color: Black">L. Keith Collins<SUP>(2)</SUP>&#9;</FONT></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">2015</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">211,827</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">45,454</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">6,638</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">263,919</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 9pt; color: Black; text-align: left">President, Milkco, Inc.</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">2014</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">196,538</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">43,819</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">6,216</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">246,573</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: Black">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">2013</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">182,884</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">47,055</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">5,472</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">235,411</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5in 4pt 0"><FONT STYLE="color: Black">___________</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">All other
                                         fiscal 2015 compensation for each of the Executive Officers consists of the following:</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 8pt; color: Black; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-size: 8pt; color: Black; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="15" STYLE="font-size: 8pt; color: Black; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Fiscal 2015</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 8pt; color: Black; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-size: 8pt; color: Black; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" NOWRAP STYLE="font-size: 8pt; color: Black; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Robert P. Ingle, II</TD><TD NOWRAP STYLE="font-size: 8pt; color: Black; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" NOWRAP STYLE="font-size: 8pt; color: Black; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">James W. Lanning</TD><TD NOWRAP STYLE="font-size: 8pt; color: Black; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" NOWRAP STYLE="font-size: 8pt; color: Black; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Ronald
    B. Freeman</TD><TD NOWRAP STYLE="font-size: 8pt; color: Black; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" NOWRAP STYLE="font-size: 8pt; color: Black; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">L. Keith Collins</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 40%; color: Black; text-align: left; text-indent: -0.25in; padding-left: 0.25in">Employer Match for 401(k) Plan&#9;</TD><TD STYLE="width: 3%; color: Black">&nbsp;</TD>
    <TD STYLE="width: 1%; color: Black; text-align: left">$</TD><TD STYLE="width: 10%; color: Black; text-align: right">3,975</TD><TD STYLE="width: 1%; color: Black; text-align: left">&nbsp;</TD><TD STYLE="width: 3%; color: Black">&nbsp;</TD>
    <TD STYLE="width: 1%; color: Black; text-align: left">$</TD><TD STYLE="width: 10%; color: Black; text-align: right">3,975</TD><TD STYLE="width: 1%; color: Black; text-align: left">&nbsp;</TD><TD STYLE="width: 3%; color: Black">&nbsp;</TD>
    <TD STYLE="width: 1%; color: Black; text-align: left">$</TD><TD STYLE="width: 10%; color: Black; text-align: right">1,415</TD><TD STYLE="width: 1%; color: Black; text-align: left">&nbsp;</TD><TD STYLE="width: 3%; color: Black">&nbsp;</TD>
    <TD STYLE="width: 1%; color: Black; text-align: left">$</TD><TD STYLE="width: 10%; color: Black; text-align: right">3,859</TD><TD STYLE="width: 1%; color: Black; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left; text-indent: -0.25in; padding-left: 0.25in">Employer Match for Non-Qualified Plan&#9;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">5,235</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">5,235</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">1,648</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">1,286</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: Black; text-align: left; text-indent: -0.25in; padding-left: 0.25in">Life Insurance&#9;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">198</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">198</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">198</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">198</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD NOWRAP STYLE="color: Black; text-align: left; text-indent: -0.25in; padding-left: 0.25in">Accidental Death &amp; Dismemberment and<BR> Insurance and Long-Term Disability&#9;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">1,356</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">1,356</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">1,356</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">1,294</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: Black; text-align: left; text-indent: -0.25in; padding-left: 0.25in">Travel Expenses &#9;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">34,064</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5in 4pt 0"><FONT STYLE="color: Black">___________</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Mr. Collins
                                         received a bonus equal to a percentage of Milkco&#8217;s earnings before taxes and payment
                                         of bonuses, up to a maximum of $49,950 per year.</FONT></TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 8pt; text-align: center"><FONT STYLE="color: Black"><A NAME="A021"></A><FONT STYLE="text-transform: uppercase"><B>SECURITY
OWNERSHIP OF MANAGEMENT AND CERTAIN BENEFICIAL OWNERS</B></FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Except
where indicated in the footnotes below, the following table sets forth the number of shares of Class A Common Stock and Class
B Common Stock owned beneficially as of September 26, 2015, by each director and nominee for director, each of the executive officers
of the Company named in the Summary Compensation Table, all directors and executive officers as a group and each person known
by the Company to be a beneficial owner of more than five percent (5%) of either class of the outstanding Common Stock. The table
also sets forth the percentage of each class of Common Stock held by such stockholders. As of September 26, 2015, there were 13,924,651
shares of Class A Common Stock and 6,335,125 shares of Class B Common Stock outstanding. Except as otherwise indicated, each beneficial
owner has sole voting and investment power with respect to the Common Stock listed.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 8pt; color: Black; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-size: 8pt; color: Black; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-size: 8pt; color: Black; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="color: Black"><B>Number of Shares</B></FONT></P> <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="color: Black"><B>Owned Beneficially</B></FONT></P></TD><TD STYLE="font-size: 8pt; color: Black; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-size: 8pt; color: Black; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="color: Black"><B>Percentage of</B></FONT></P> <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="color: Black"><B>Common Stock</B></FONT></P></TD><TD STYLE="font-size: 8pt; color: Black; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 8pt; color: Black; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Percentage of Total Voting Power</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 8pt; color: Black; font-weight: bold; border-bottom: Black 1pt solid">Name</TD><TD STYLE="font-size: 8pt; color: Black; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 8pt; color: Black; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt; color: Black"><B>Class A<SUP>(2)</SUP></B></FONT></TD><TD STYLE="font-size: 8pt; color: Black; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 8pt; color: Black; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Class B</TD><TD STYLE="font-size: 8pt; color: Black; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 8pt; color: Black; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt; color: Black"><B>Class A<SUP>(2)</SUP></B></FONT></TD><TD STYLE="font-size: 8pt; color: Black; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 8pt; color: Black; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Class B</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 35%; color: Black; text-align: left"><FONT STYLE="font-size: 10pt; color: Black">Robert P. Ingle, II<SUP>(1)</SUP>&#9;</FONT></TD><TD STYLE="width: 2%; color: Black">&nbsp;</TD>
    <TD STYLE="width: 1%; color: Black; text-align: left">&nbsp;</TD><TD NOWRAP STYLE="width: 9%; color: Black; text-align: right">5,884,252</TD><TD NOWRAP STYLE="width: 1%; color: Black; text-align: left"><SUP>(3)(4)</SUP></TD><TD NOWRAP STYLE="width: 2%; color: Black">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 1%; color: Black; text-align: left">&nbsp;</TD><TD NOWRAP STYLE="width: 9%; color: Black; text-align: right">5,781,942</TD><TD NOWRAP STYLE="width: 1%; color: Black; text-align: left"><SUP>(3)(4)</SUP></TD><TD NOWRAP STYLE="width: 2%; color: Black">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 1%; color: Black; text-align: left">&nbsp;</TD><TD NOWRAP STYLE="width: 9%; color: Black; text-align: right">29.9</TD><TD NOWRAP STYLE="width: 1%; color: Black; text-align: left">%<SUP>(3)(4)</SUP></TD><TD NOWRAP STYLE="width: 2%; color: Black"><SUP>&nbsp;</SUP></TD>
    <TD NOWRAP STYLE="width: 1%; color: Black; text-align: left">&nbsp;</TD><TD NOWRAP STYLE="width: 9%; color: Black; text-align: right">91.3</TD><TD NOWRAP STYLE="width: 1%; color: Black; text-align: left">%<SUP>(3)(4)</SUP></TD><TD NOWRAP STYLE="width: 2%; color: Black">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 1%; color: Black; text-align: left">&nbsp;</TD><TD NOWRAP STYLE="width: 9%; color: Black; text-align: right">75.0</TD><TD NOWRAP STYLE="width: 1%; color: Black; text-align: left">%<SUP>(3)(4)</SUP></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-indent: -6pt; padding-left: 6pt">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: Black; text-align: left"><FONT STYLE="font-size: 10pt; color: Black">James W. Lanning<SUP>(1)</SUP>&#9;</FONT></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">425,602</TD><TD STYLE="color: Black; text-align: left"><SUP>(3)</SUP></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">313,292</TD><TD STYLE="color: Black; text-align: left"><SUP>(3)</SUP></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">3.0</TD><TD STYLE="color: Black; text-align: left">%<SUP>(3)</SUP></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">4.9</TD><TD STYLE="color: Black; text-align: left">%<SUP>(3)</SUP></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">4.2</TD><TD STYLE="color: Black; text-align: left">%<SUP>(3)</SUP></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-indent: -6pt; padding-left: 6pt">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: Black; text-align: left"><FONT STYLE="font-size: 10pt; color: Black">Laura Ingle Sharp<SUP>(1)</SUP>&#9;</FONT></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">160,411</TD><TD STYLE="color: Black; text-align: left"><SUP>(5)</SUP></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">149,725</TD><TD STYLE="color: Black; text-align: left"><SUP>(5)</SUP></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">1.1</TD><TD STYLE="color: Black; text-align: left">%<SUP>(5)</SUP></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">2.4</TD><TD STYLE="color: Black; text-align: left">%<SUP>(5)</SUP></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">2.0</TD><TD STYLE="color: Black; text-align: left">%<SUP>(5)</SUP></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-indent: -6pt; padding-left: 6pt">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: Black; text-align: left"><FONT STYLE="font-size: 10pt; color: Black">Ronald B. Freeman<SUP>(1)</SUP>&#9;</FONT></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">418,245</TD><TD STYLE="color: Black; text-align: left"><SUP>(3)</SUP></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">313,292</TD><TD STYLE="color: Black; text-align: left"><SUP>(3)</SUP></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">2.9</TD><TD STYLE="color: Black; text-align: left">%<SUP>(3)</SUP></TD><TD STYLE="color: Black"><SUP>&nbsp;</SUP></TD>
    <TD STYLE="color: Black; text-align: left"><SUP>&nbsp;</SUP></TD><TD STYLE="color: Black; text-align: right">4.9</TD><TD STYLE="color: Black; text-align: left">%<SUP>(3)</SUP></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">4.2</TD><TD STYLE="color: Black; text-align: left">%<SUP>(3)</SUP></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-indent: -6pt; padding-left: 6pt">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: Black; text-align: left"><FONT STYLE="font-size: 10pt; color: Black">Fred D. Ayers<SUP>(1)</SUP>&#9;</FONT></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">500</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">0</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right"><FONT STYLE="font-size: 10pt; color: Black">*</FONT></TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right"><FONT STYLE="font-size: 10pt; color: Black">*</FONT></TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right"><FONT STYLE="font-size: 10pt; color: Black">*</FONT></TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-indent: -6pt; padding-left: 6pt">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: Black; text-align: left"><FONT STYLE="font-size: 10pt; color: Black">L. Keith Collins<SUP>(1)</SUP>&#9;</FONT></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">254</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">0</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right"><FONT STYLE="font-size: 10pt; color: Black">*</FONT></TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right"><FONT STYLE="font-size: 10pt; color: Black">*</FONT></TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right"><FONT STYLE="font-size: 10pt; color: Black">*</FONT></TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-indent: -6pt; padding-left: 6pt">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: Black; text-align: left"><FONT STYLE="font-size: 10pt; color: Black">Brenda S. Tudor<SUP>(1)</SUP>&#9;</FONT></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">100</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">0</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right"><FONT STYLE="font-size: 10pt; color: Black">*</FONT></TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right"><FONT STYLE="font-size: 10pt; color: Black">*</FONT></TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right"><FONT STYLE="font-size: 10pt; color: Black">*</FONT></TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-indent: -6pt; padding-left: 6pt">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: Black; text-align: left"><FONT STYLE="font-size: 10pt; color: Black">Ernest E. Ferguson<SUP>(1)</SUP>&#9;</FONT></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">0</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">0</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right"><FONT STYLE="font-size: 10pt; color: Black">*</FONT></TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right"><FONT STYLE="font-size: 10pt; color: Black">*</FONT></TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right"><FONT STYLE="font-size: 10pt; color: Black">*</FONT></TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-indent: -6pt; padding-left: 6pt">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: Black; text-align: left"><FONT STYLE="font-size: 10pt; color: Black">Mario J. Gabelli et al<SUP>(6)</SUP>&#9;</FONT></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">2,371,555</TD><TD STYLE="color: Black; text-align: left"><SUP>(7)</SUP></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">0</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">17.0</TD><TD STYLE="color: Black; text-align: left">%<SUP>(7)</SUP></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right"><FONT STYLE="font-size: 10pt; color: Black">*</FONT></TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">3.1</TD><TD STYLE="color: Black; text-align: left">%<SUP>(7)</SUP></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-indent: -6pt; padding-left: 6pt">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: Black; text-align: left; text-indent: -6pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt; color: Black">Dimensional Fund Advisors, LP<SUP>(8)</SUP>&#9;</FONT></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">1,090,018</TD><TD STYLE="color: Black; text-align: left"><SUP>(9)</SUP></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">0</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">7.8</TD><TD STYLE="color: Black; text-align: left">%<SUP>(9)</SUP></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right"><FONT STYLE="font-size: 10pt; color: Black">*</FONT></TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">1.4</TD><TD STYLE="color: Black; text-align: left">%<SUP>(9)</SUP></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-indent: -6pt; padding-left: 6pt">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: Black; text-align: left; text-indent: -6pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt; color: Black">Ingles Investment/Profit Sharing Plan<SUP>(1)</SUP>&#9;</FONT></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">415,602</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">313,292</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">2.9</TD><TD STYLE="color: Black; text-align: left">%</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">4.9</TD><TD STYLE="color: Black; text-align: left">%</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">4.2</TD><TD STYLE="color: Black; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-indent: -6pt; padding-left: 6pt">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: Black; text-align: left; text-indent: -22.5pt; padding-left: 22.5pt">All Directors and Executive Officers as a group (8 persons)&#9;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">6,058,160</TD><TD STYLE="color: Black; text-align: left"><SUP>(3)</SUP></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">5,931,667</TD><TD STYLE="color: Black; text-align: left"><SUP>(3)</SUP></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">30.5</TD><TD STYLE="color: Black; text-align: left">%<SUP>(3)</SUP></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">93.6</TD><TD STYLE="color: Black; text-align: left">%<SUP>(3)</SUP></TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">76.9</TD><TD STYLE="color: Black; text-align: left">%<SUP>(3)</SUP></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5in 4pt 0"><FONT STYLE="color: Black">___________</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">*</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Less than
                                         1%.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">The address
                                         of this beneficial owner is P.O. Box 6676, Asheville, North Carolina 28816.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Each share
                                         of Class B Common Stock is convertible, at any time at the option of the holder, into
                                         one share of Class A Common Stock. If the holder of any shares of Class B Common Stock
                                         transfers the shares to anyone other than a &#8220;qualified transferee&#8221; as defined
                                         in the Company&#8217;s Articles of Incorporation, then each share of Class B Common Stock
                                         will automatically convert into a share of Class A Common Stock. Accordingly, for each
                                         holder of Class B Common Stock the number of shares and percentage of Class A Common
                                         Stock set forth in this table also reflect the Class A Common Stock into which such stockholder&#8217;s
                                         shares of Class B Common Stock are convertible. However, these converted shares are not
                                         used to calculate such percentages for any other stockholder in this table. The number
                                         of shares and percentage of Class A Common Stock held by all directors and executive
                                         officers as a group also reflects the conversion into Class A Common Stock of each share
                                         of Class B Common Stock held by each director and executive officer. Because the Class
                                         B Common Stock converts into Class A Common Stock on a one to one basis, the number of
                                         shares of Class B Common Stock noted in the table above also represents the number of
                                         shares of Class A Common Stock each holder would beneficially own upon conversion of
                                         the Class B Common Stock beneficially owned by them.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">(3)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Includes
                                         the 313,292 shares of Class B Common Stock and 102,310 shares of Class A Common Stock
                                         held by the Company&#8217;s Investment/Profit Sharing Plan and Trust, of which Messrs.
                                         Ingle II, Freeman and Lanning are trustees. The trustees, by a majority vote, have sole
                                         voting power and dispositive power with respect to such shares. However, Messrs. Ingle
                                         II, Freeman and Lanning disclaim beneficial ownership of such shares.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">(4)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Includes
                                         a total of 5,468,650 shares of Class B Common Stock held by trusts of which Mr. Ingle
                                         II is sole trustee with sole voting power and dispositive power with respect to such
                                         shares.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">(5)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Includes
                                         686 shares of Class A Common Stock and 2,025 shares of Class B Common Stock held by Ms.
                                         Sharp&#8217;s minor children.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">(6)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">The address
                                         of this beneficial owner is GAMCO Investors, Inc., One Corporate Center, Rye, New York
                                         10580.</FONT></TD></TR></TABLE>


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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">(7)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">The information
                                         as to Mario J. Gabelli (includes entities controlled directly or indirectly by Mario
                                         Gabelli, collectively, the &#8220;Gabelli Entities&#8221;) with respect to the number
                                         of shares beneficially owned by the Gabelli Entities is derived from its Schedule 13F
                                         filed with the Securities and Exchange Commission on September&nbsp;30, 2015. All other
                                         information regarding the Gabelli Entities is derived from a statement on Amendment No.
                                         25 to Form 13D filed with the Securities and Exchange Commission on September 9, 2015,
                                         pursuant to Section 13(d) of the Exchange Act. Such statement discloses that (i) Mario
                                         Gabelli is the chief investment officer for most of the Gabelli Entities signing such
                                         statements and is deemed to have beneficial ownership of the shares owned by all Gabelli
                                         Entities, (ii) Mario Gabelli and the Gabelli Entities do not admit that they constitute
                                         a group within the meaning of Section 13(d) of the Exchange Act and the rules and regulations
                                         thereunder and (iii) Mario Gabelli and the Gabelli Entities have the sole power to vote
                                         or direct the vote and dispose or to direct the disposition of all the shares of which
                                         they are beneficial owners (except for 119,000 of such shares for which one of the Gabelli
                                         Entities does not have authority to vote and unless the aggregate voting interest of
                                         all Gabelli Entities exceeds 25% of the Company&#8217;s total voting interest or other
                                         special circumstances exist, in which case the proxy voting committees of certain of
                                         the Gabelli Entities would have the sole voting power to vote certain of the shares of
                                         Class A Common Stock). The Gabelli Entities that beneficially own shares of the Company&#8217;s
                                         Class A Common Stock are registered investment advisors and beneficially own such shares
                                         in an agent capacity.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">(8)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">The address
                                         for this beneficial owner is Palisades West, Building One, 6300 Bee Cave Road, Austin,
                                         TX 78746.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">(9)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">The information
                                         as to the number of shares beneficially owned by Dimensional Fund Advisors, LP is derived
                                         from its Schedule 13F filed with the Securities and Exchange Commission on September
                                         30, 2015. All other information as to Dimensional Fund Advisors, LP is derived from a
                                         report on Amendment No. 3 to Schedule 13G filed with the Securities and Exchange Commission
                                         on February 5, 2015 by Dimensional Fund Advisors LP. Dimensional Fund Advisors LP, an
                                         investment adviser registered under Section 203 of the Investment Advisors Act of 1940,
                                         furnishes investment advice to four investment companies registered under the Investment
                                         Company Act of 1940, and serves as investment manager to certain other commingled group
                                         trusts and separate accounts (such investment companies, trusts and accounts, collectively
                                         referred to as the &#8220;Funds&#8221;). In certain cases, subsidiaries of Dimensional
                                         Fund Advisors LP may act as an adviser or sub-adviser to certain Funds. In its role as
                                         investment advisor, sub-adviser and/or manager, Dimensional Fund Advisors LP or its subsidiaries
                                         (collectively, &#8220;Dimensional&#8221;) possess voting and/or investment power over
                                         the securities of the Issuer that are owned by the Funds, and may be deemed to be the
                                         beneficial owner of the shares of the Issuer held by the Funds. However, all securities
                                         reported in this schedule are owned by the Funds.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 8pt; text-align: center"><FONT STYLE="color: Black"><A NAME="a_Toc151466960"></A><A NAME="A022"></A><FONT STYLE="text-transform: uppercase"><B>TRANSACTIONS
WITH RELATED PERSONS</B></FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Company monitors certain relationships and related party transactions by requiring each director and executive officer to notify
the Company&#8217;s Chief Financial Officer and Executive Committee in advance of any upcoming transactions that may be considered
a transaction with a related person. The Company has adopted a formal Related Party Transactions policy to ensure compliance with
the above guidelines, Nasdaq rules, and SEC regulations. In addition, each director and executive officer completes an annual
questionnaire to disclose any transactions with related persons.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Company will from time to time make short-term, non-interest bearing loans to the Company&#8217;s Investment/Profit Sharing Plan
to allow the Plan to meet distribution obligations during a time when the Plan was prohibited from selling shares of the Company&#8217;s
Class A Common Stock. During fiscal 2015, loans totaling $1.9 million between the Company and the Investment/Profit Sharing Plan
were made and repayments totaling $2.2 million from the Investment/Profit Sharing Plan to the Company were made. As of the date
of this filing, approximately $500,000 of this loan is outstanding and is expected to be repaid by the Plan to the Company during
fiscal 2016.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Company will from time to time purchase from the Plan shares of the Company&#8217;s Class B Common Stock to meet distribution
obligations of the Plan. There were no such transactions during fiscal 2015. The per share purchase price for these transactions
is equal to the closing sales price of the Company&#8217;s Class A Common Stock on the Nasdaq Global Select Market for the day
prior to the purchase.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Company believes that the transactions described above have been and will continue to be on terms no less favorable to the Company
than those available from unaffiliated third parties in transactions negotiated at arms-length. The Company does not intend to
enter into any transactions in the future with or involving any of its executive officers or directors or any members of their
immediate family on terms that would be less favorable to the Company than those that would be available from unaffiliated third
parties in arms-length transactions.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center; text-indent: 0in"><FONT STYLE="color: Black"><A NAME="a_Toc151466961"></A><A NAME="A023"></A><B>RELATIONSHIP
WITH INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><A NAME="a_Toc151466962"></A>Deloitte
&amp; Touche LLP has served as the independent registered public accounting firm for the Company and its subsidiaries since February
27, 2012. The Company had no disagreements with Deloitte &amp; Touche LLP on accounting and financial disclosures. Deloitte &amp;
Touche LLP&#8217;s work on the Company&#8217;s audit for fiscal year 2015 was performed by full-time, permanent employees and
partners of the firm. Representative of Deloitte &amp; Touche LLP are expected to be present at the 2016 Annual Meeting. These
representatives will have the opportunity to make a statement if they desire to do so and will respond to appropriate stockholder
questions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">As
of the date of this proxy, the Company has not appointed an independent registered public accounting firm to audit the Company&#8217;s
fiscal 2016 financial statements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 8pt; text-indent: 0in"><FONT STYLE="color: Black"><A NAME="A024"></A><B>Principal
Accountant Fees and Services</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">As
reflected in the tables below, the Company incurred fees in fiscal years 2015 and 2014 for services performed by Deloitte &amp;
Touche LLP related to such periods.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 8pt; text-align: center; text-indent: 0in"><FONT STYLE="color: Black"><B>Deloitte
&amp; Touche LLP</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: Black; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 8pt; color: Black; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" NOWRAP STYLE="font-size: 8pt; color: Black; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year Ended<BR> September 26, 2015</TD><TD NOWRAP STYLE="font-size: 8pt; color: Black; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" NOWRAP STYLE="font-size: 8pt; color: Black; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year Ended<BR> September 27, 2014</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 56%; color: Black; text-align: left; text-indent: -0.25in; padding-left: 0.25in">Audit Fees&#9;</TD><TD STYLE="width: 8%; color: Black">&nbsp;</TD>
    <TD STYLE="width: 1%; color: Black; text-align: left">$</TD><TD STYLE="width: 12%; color: Black; text-align: right">875,000</TD><TD STYLE="width: 1%; color: Black; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; color: Black">&nbsp;</TD>
    <TD STYLE="width: 1%; color: Black; text-align: left">$</TD><TD STYLE="width: 12%; color: Black; text-align: right">800,000</TD><TD STYLE="width: 1%; color: Black; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left; text-indent: -0.25in; padding-left: 0.25in">Audit-related Fees&#9;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: Black; text-align: left; text-indent: -0.25in; padding-left: 0.25in">Tax Fees&#9;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="color: Black; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left; padding-bottom: 1pt; text-indent: -0.25in; padding-left: 0.25in">All Other Fees&#9;</TD><TD STYLE="color: Black; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; color: Black; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="color: Black; text-align: left; padding-bottom: 2.5pt; text-indent: -0.25in; padding-left: 0.25in">Total Fees&#9;</TD><TD STYLE="color: Black; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; color: Black; text-align: right">875,000</TD><TD STYLE="padding-bottom: 2.5pt; color: Black; text-align: left">&nbsp;</TD><TD STYLE="color: Black; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: Black; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; color: Black; text-align: right">800,000</TD><TD STYLE="padding-bottom: 2.5pt; color: Black; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">In
the above tables:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&#8220;Audit
fees&#8221; are fees billed by the independent registered public accounting firms for professional services for the audit of the
consolidated financial statements included in the Company&#8217;s Annual Report on Form 10-K, the audit of internal controls over
financial reporting, review of consolidated financial statements included in the Company&#8217;s Quarterly Reports on Form 10-Q,
and for services that are normally provided by the auditors in connection with statutory and regulatory filings or engagements;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&#8220;Audit-related
fees&#8221; are fees for services performed during the respective years by the independent registered accounting firm for assurance
and related services not reported under the caption &#8220;Audit Fees&#8221; in the tables above.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&#8220;Tax
fees&#8221; are fees for services performed during the respective years by the independent registered public accounting firm for
professional services related to certain tax compliance, tax advice, and tax planning; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&#8220;All
other fees&#8221; are fees for any other services performed during the respective years.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Company&#8217;s Audit/Compensation Committee pre-approved all services described above for fiscal 2015, including non-audit services,
and has determined that these fees and services are compatible with maintaining the independence of Deloitte &amp; Touche LLP.
The Company&#8217;s Audit/Compensation Committee requires that each service provided by Deloitte &amp; Touche LLP be pre-approved
by the committee. However, the Committee has empowered the chair of the committee to grant such approval on its behalf as to matters
that arise between Audit/Compensation Committee meetings.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 8pt; text-align: center; text-indent: 0in"><FONT STYLE="color: Black"><A NAME="A025"></A><B>STOCKHOLDER
PROPOSAL ON INDEPENDENT DIRECTOR STOCK PURCHASE REQUIREMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
following proposal and supporting statement were submitted by a stockholder, the name and stockholdings of which will be furnished
promptly to any stockholder upon written or oral request to the Company&#8217;s Secretary at the Company&#8217;s executive offices,
with the intention of presenting it for vote at the Annual Meeting:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">STOCKHOLDER
PROPOSAL</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Directors are requested to implement a policy that will require each independent director to invest at least 20% of his/her Ingles
compensation in shares of the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">STATEMENT
IN SUPPORT OF PROPOSAL</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Surely
the Directors could better represent our interests if they were shareholders themselves. I would think they would want to share
the risks and rewards of investing in our company. Yet, according to the 2015 proxy statement, two of the three independent Directors
do not own a single share. The other has been a Director for nine years and has managed to acquire only 500 shares. Do these Directors
lack confidence in our Company?</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Stock
ownership is the best way for Directors to align their interests with the shareholders. The vast majority of American companies
understand this and require or encourage their directors to become shareholders. I believe my proposal is modest and should not
be a hardship for our Directors but rather, I expect, a benefit. I also believe the Board&#8217;s position that this proposal
&#8220;could adversely affect the Company&#8217;s ability to retain and attract the best independent directors&#8221; strains
credulity: as someone once said &#8220;Aw, come on!&#8221; I hope you will join me in asking our Directors to implement this stock
purchase program for themselves (they may thank you later).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">STATEMENT
OF OPPOSITION</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>The
Board recommends a vote &#8220;AGAINST&#8221; the stockholder proposal, and proxies received by the Company will be so voted unless
stockholders specify a contrary choice in their proxies.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Board has given the stockholder proposal careful consideration and believes that it should not be implemented. The Board believes
that each director&#8217;s investment decisions are personal and should not be mandated by the Company. Furthermore, the Board
believes that the fees paid to the independent directors are on the low end of the fees paid to the directors of public companies,
and, unlike many public companies, the Company does not grant stock options to its independent directors or executive officers.
Despite this, each of our independent directors devotes a substantial amount of time and assumes a significant amount of personal
liability by serving on the Board and its committees. The Board believes that requiring independent directors to invest 20% of
the relatively modest compensation that they receive for their service could adversely affect the Company&#8217;s ability to retain
and attract the best available independent directors. Further, the Board does not consider it appropriate to increase director
compensation solely to effect a stock ownership requirement because in overseeing the business and affairs of the Company, directors
act for the benefit of all stockholders rather than the directors&#8217; self-interest based on stock ownership. Consequently,
the Board recommends that stockholders vote against the stockholder proposal.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Robert
P. Ingle II has informed the Company that he, in his capacity as a stockholder, intends to vote against the stockholder proposal.
Mr. Ingle II controls approximately 75% of the outstanding voting power. If Mr. Ingle II does vote against the proposal, it will
not receive a sufficient number of favorable votes to be approved.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 8pt; text-align: center; text-indent: 0in"><FONT STYLE="color: Black"><A NAME="A026"></A><B>OTHER
MATTERS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><A NAME="a_Toc151466966"></A><A NAME="A027"></A><B>Solicitation
of Proxies</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Company will solicit proxies for the Annual Meeting and will bear the cost of internet availability of documents, voting over
the internet and for all other costs associated with assembling, printing, mailing and soliciting proxy solicitation materials.
The Company&#8217;s officers and regular employees may also solicit proxies in person or by telephone, but they will not be specially
compensated for such services. The Company&#8217;s regularly retained investor relations firm, Corporate Communications, Inc.,
may also solicit proxies by internet, telephone and mail. The Company will not pay Corporate Communications, Inc. a separate fee
for any such proxy solicitations. The Company will reimburse brokerage firms and other nominees, custodians and fiduciaries for
the reasonable out-of-pocket expenses they incur in forwarding proxy solicitation materials to the beneficial owners of Common
Stock held of record by them.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><A NAME="a_Toc151466967"></A><A NAME="A028"></A><B>Stockholders&#8217;
Proposals for the 2017 Annual Meeting</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
Company plans to hold its 2017 Annual Meeting of Stockholders in February of 2017. Any proposal that a stockholder wants to be
presented at the 2017 Annual Meeting of Stockholders must be received by the Secretary no later than September 2, 2016 or the
proposal will automatically be excluded from proxy materials for that meeting. Such proposals must be received by the Secretary
at the Company&#8217;s principal office, the address of which is set forth in this Proxy Statement, and must meet the requirements
of the regulations of the Securities and Exchange Commission to be eligible to be included in the proxy materials for the Company&#8217;s
2017 Annual Meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Further,
any stockholder proposal for which the Company does not receive notice on or before November&nbsp;15, 2016 shall be subject to
the discretionary vote of the proxy holders at the 2017 Annual Meeting of Stockholders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><A NAME="a_Toc151466968"></A><A NAME="A029"></A><B>Action
on Other Matters at the 2016 Annual Meeting</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">If
notice of a stockholder proposal that has not been submitted to be included in this Proxy Statement was not received by the Company
on or before November 15, 2015, the persons named in the enclosed form of proxy will have discretionary authority to vote all
proxies with respect thereto in accordance with their best judgment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">At
this time, the Company does not know of any matters to be presented for action at the 2016 Annual Meeting other than those listed
in the Notice of Annual Meeting of Stockholders and contained in this Proxy Statement. If any other matter comes before the Annual
Meeting, it is intended that the persons who are named in the proxies will vote the shares represented by effective proxies in
their discretion.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><A NAME="a_Toc151466969"></A><A NAME="A030"></A><B>Section
16(a) Beneficial Ownership Reporting Compliance</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Pursuant
to Section 16(a) of the Exchange Act, the Company is required to identify any Reporting Person (as defined below) that failed
to file on a timely basis with the Securities and Exchange Commission any report that was required to be filed during fiscal 2015
with the SEC pursuant to Section 16(a) of the Exchange Act. Such required filings include a Form 3 (an initial report of beneficial
ownership of Common Stock) and a Form 4 and Form 5 (which reflect changes in beneficial ownership of Common Stock). For purposes
of this Proxy Statement, a &#8220;Reporting Person&#8221; is a person who at any time during fiscal year 2015 was (a) a director
of the Company, (b) an executive officer of the Company or its subsidiaries, or (c) a holder of more than 10% of the Company&#8217;s
outstanding Class A Common Stock or Class B Common Stock. The Company believes that during fiscal year 2015, its Reporting Persons
complied with all Section 16(a) filing requirements. In making this statement, the Company has relied solely upon an examination
of the copies of Forms 3, 4 and 5, and amendments thereto, provided to the Company and the written representations of its Reporting
Persons.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><A NAME="a_Toc151466971"></A><A NAME="A031"></A><B>Availability
of Form 10-K</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>Upon
written request, the Company will provide, without charge, to stockholders that are entitled to receive this Proxy Statement a
copy of the Company&#8217;s Annual Report on Form 10-K for the fiscal year ended September 26, 2015, as filed with the Securities
and Exchange Commission (including the financial statements and related schedules, but not including the exhibits thereto, which
will be provided upon written request at the stockholder&#8217;s expense). Such Annual Report is also available at <U>www.ingles-markets.com</U>,
at Corporate Information, SEC Filings. Requests for copies should be directed to Investor Relations at Ingles Markets, Incorporated,
P.O. Box 6676, Asheville, North Carolina 28816, or by telephone at (828) 669-2941, ext. 223.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 8pt; text-align: center; text-indent: 0in"><FONT STYLE="color: Black"><B>YOUR
VOTE IS IMPORTANT.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 12pt; text-align: center; text-indent: 0in"><FONT STYLE="color: Black"><B>PLEASE
VOTE OVER THE INTERNET AS INSTRUCTED IN THESE MATERIALS OR COMPLETE, DATE, SIGN AND RETURN A PROXY CARD AS PROMPTLY AS POSSIBLE.</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 33%">&nbsp;</TD>
    <TD STYLE="width: 34%">&nbsp;</TD>
    <TD STYLE="width: 33%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">By
Order of the Board of Directors&#9;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0in"><IMG SRC="image_002.gif" ALT=""><FONT STYLE="color: Black"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">Robert
P. Ingle, II</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">Chairman
of the Board</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">Chief
Executive Officer</FONT></P>
&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 4.5in; text-align: justify; text-indent: 0in"></P>

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<P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="color: Black"><BR>
                           <BR>
                           <BR>
                           <BR>
                           <FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>INGLES MARKETS, INCORPORATED</I></B></FONT><BR>
                           <FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>ATTN: RONALD B. FREEMAN </I></B></FONT><BR>
                           <FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>P.O. BOX 6676 </I></B></FONT><BR>
                           <FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>ASHEVILLE, NC 28816 </I></B></FONT></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black"><B>&nbsp;</B></FONT></P></TD>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black"><B>VOTE
    BY INTERNET- <U>www.proxyvote.com</U></B></FONT><FONT STYLE="color: Black"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">Use the Internet to transmit your voting instructions and for electronic
    delivery of information up until 11:59 P.M. Eastern Time the day before the cut-off date or meeting date. Have your proxy
    card in hand when you access the website and follow the instructions to obtain your records and to create an electronic voting
    instruction form.</FONT><BR>
    <BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>ELECTRONIC DELIVERY OF FUTURE PROXY MATERIALS</B></FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">If you would like to reduce the costs incurred by our company in
    mailing proxy materials, you can consent to receiving all future proxy statements, proxy cards and annual reports electronically
    via e-mail or the Internet. To sign up for electronic delivery, please follow the instructions above to vote using the Internet
    and, when prompted, indicate that you agree to receive or access proxy materials electronically in future years.</FONT><BR>
    <BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>VOTE BY MAIL</B></FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">Mark, sign and date your proxy card and return it in the postage-paid
    envelope we have provided or return it to Vote Processing, c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717.</FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></P>

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 49%"></TD>
    <TD STYLE="width: 24%"></TD>
    <TD STYLE="width: 27%"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">TO VOTE, MARK BLOCKS BELOW IN BLUE
    OR BLACK INK AS FOLLOWS:</FONT></TD>
    <TD></TD>
    <TD></TD></TR>
<TR STYLE="vertical-align: top">
    <TD></TD>
    <TD></TD>
    <TD></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 2px dashed"></TD>
    <TD STYLE="border-bottom: Black 2px dashed; padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">M98369-P70695</FONT></TD>
    <TD STYLE="border-bottom: Black 2px dashed; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">KEEP
    THIS PORTION FOR YOUR RECORDS</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center; padding-left: 1.625in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black"><B>THIS
    PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED.</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">DETACH
    AND RETURN THIS PORTION ONLY</FONT></TD></TR>
</TABLE>


<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 1%; border-top: Black 2px solid; border-left: Black 2px solid"></TD>
    <TD STYLE="width: 1%; border-top: Black 2px solid"></TD>
    <TD STYLE="width: 3%; border-top: Black 2px solid"></TD>
    <TD STYLE="width: 3%; border-top: Black 2px solid"></TD>
    <TD STYLE="width: 16%; border-top: Black 2px solid"></TD>
    <TD STYLE="width: 2%; border-top: Black 2px solid"></TD>
    <TD STYLE="width: 5%; border-top: Black 2px solid"></TD>
    <TD STYLE="width: 1%; border-top: Black 2px solid; text-align: center"></TD>
    <TD STYLE="width: 3%; border-top: Black 2px solid; text-align: center"></TD>
    <TD STYLE="width: 5%; border-top: Black 2px solid; text-align: center"></TD>
    <TD STYLE="width: 6%; border-top: Black 2px solid; text-align: center"></TD>
    <TD STYLE="width: 1%; border-top: Black 2px solid"></TD>
    <TD STYLE="width: 23%; border-top: Black 2px solid"></TD>
    <TD STYLE="width: 1%; border-top: Black 2px solid"></TD>
    <TD STYLE="width: 4%; border-top: Black 2px solid"></TD>
    <TD STYLE="width: 5%; border-top: Black 2px solid"></TD>
    <TD STYLE="width: 5%; border-top: Black 2px solid"></TD>
    <TD STYLE="width: 2%; border-top: Black 2px solid"></TD>
    <TD STYLE="width: 1%; border-top: Black 2px solid; border-right: Black 2px solid"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="5"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black"><B>INGLES MARKETS,
    INCORPORATED</B></FONT></TD>
    <TD></TD>
    <TD STYLE="text-align: center"></TD>
    <TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black"><B>For</B></FONT></TD>
    <TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black"><B>Withhold</B></FONT></TD>
    <TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black"><B>For
    All</B></FONT></TD>
    <TD></TD>
    <TD ROWSPAN="2"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">To
                    withhold authority to vote for any individual nominee(s), mark &ldquo;For All Except&rdquo; and write the&nbsp;number(s)
                    of the nominee(s) on the line below.</FONT></P></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="border-right: Black 2px solid"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: Black">&nbsp;</FONT></TD>
    <TD></TD>
    <TD COLSPAN="6"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black"><B>The Board of Directors
    recommends you vote FOR</B></FONT><FONT STYLE="color: Black"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>the following:</B></FONT></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black"><B>All</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black"><B>All</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black"><B>Except</B></FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="border-right: Black 2px solid; border-top: Black 2px solid"></TD>
    <TD></TD>
    <TD STYLE="border-right: Black 2px solid"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 5pt; color: Black">&nbsp;</FONT></TD>
    <TD></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 5pt; color: Black">&nbsp;</FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="text-align: center"></TD>
    <TD STYLE="text-align: center"></TD>
    <TD STYLE="text-align: center"></TD>
    <TD STYLE="text-align: center"></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="border-right: Black 2px solid"></TD>
    <TD></TD>
    <TD STYLE="border-right: Black 2px solid"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">1.</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">Election of Directors</FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="text-align: center"></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>(
    )</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>(
    )</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>(
    )</B></FONT></TD>
    <TD></TD>
    <TD STYLE="border-bottom: Black 2px solid"></TD>
    <TD></TD>
    <TD STYLE="text-align: right"></TD>
    <TD STYLE="text-align: right"></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: right"></TD>
    <TD></TD>
    <TD STYLE="border-right: Black 2px solid"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 5pt; color: Black">&nbsp;</FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="text-align: right"></TD>
    <TD STYLE="text-align: right"></TD>
    <TD STYLE="text-align: right"></TD>
    <TD></TD>
    <TD STYLE="border-right: Black 2px solid"></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black"><B>Nominees:</B></FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="border-right: Black 2px solid"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 5pt; color: Black">&nbsp;</FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="border-right: Black 2px solid"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">1)</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">Ernest E. Ferguson</FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="border-right: Black 2px solid"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">2)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">Brenda S. Tudor</FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="border-right: Black 2px solid"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="border-right: Black 2px solid"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="border-right: Black 2px solid"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">&nbsp;</FONT></TD>
    <TD></TD>
    <TD COLSPAN="9" STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black"><B>The
    Board of Directors recommends you vote AGAINST the following proposal:</B></FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black"><B>For&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black"><B>Against</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black"><B>Abstain</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 8pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="text-align: right"></TD>
    <TD STYLE="text-align: right"></TD>
    <TD STYLE="text-align: right"></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"></TD>
    <TD STYLE="text-align: center"></TD>
    <TD></TD>
    <TD STYLE="border-right: Black 2px solid"></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">2.</FONT></TD>
    <TD COLSPAN="8"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">Stockholder proposal
    on independent director stock purchase requirement.</FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>(&nbsp;)&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>(&nbsp;)&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black"><B>&nbsp;(&nbsp;)</B></FONT></TD>
    <TD></TD>
    <TD STYLE="border-right: Black 2px solid"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
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    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
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    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
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    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
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    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
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    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
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    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
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    <TD COLSPAN="9" STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">Please
    sign exactly as your name(s) appear(s) hereon. When signing as attorney, executor, administrator, or other fiduciary, please
    give full title as such. Joint owners should each sign personally. All holders must sign. If a corporation or partnership,
    please sign in full corporate or partnership name by authorized officer.</FONT></TD>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>Important
Notice Regarding the Availability of Proxy Materials for the Annual Meeting:</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">The
Notice and Proxy Statement and Form 10-K are available at <U>www.proxyvote.com</U>.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">M98370-P70695</FONT></P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 2%; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 96%; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 2%; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD></TR>
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    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>INGLES
    MARKETS, INCORPORATED</B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD></TR>
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    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>Annual
    Meeting of Stockholders </B></FONT><FONT STYLE="color: Black"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>February 9, 2016 11:00 AM</B></FONT></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>This
    proxy is solicited by the Board of Directors</B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD></TR>
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    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">The
    undersigned hereby appoints Robert P. Ingle, II and James W. Lanning, or either of them, as Proxies, each with the power to
    appoint his substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side, all of the
    shares of Class A Common Stock held of record by the undersigned on December 16, 2015, at the Annual Meeting of Stockholders
    of Ingles Markets, Incorporated to be held on February 9, 2016 at 11:00 a.m. at the Grove Park Inn, 290 Macon Avenue, Asheville,
    North Carolina, or any postponements or adjournments thereof.</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD></TR>
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    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>THIS
    PROXY, DULY EXECUTED, WILL BE VOTED AS SPECIFIED. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED &ldquo;FOR&rdquo; PROPOSAL
    1 AND &ldquo;AGAINST&rdquo; PROPOSAL 2. PLEASE SIGN, DATE AND PROMPTLY RETURN THIS PROXY IN THE ENCLOSED ENVELOPE.</B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>Continued
    and to be signed on reverse side</B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>






<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="color: Black"><BR>
                           <BR>
                           <BR>
                           <BR>
                           <FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>INGLES MARKETS, INCORPORATED</I></B></FONT><BR>
                           <FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>ATTN: RONALD B. FREEMAN </I></B></FONT><BR>
                           <FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>P.O. BOX 6676 </I></B></FONT><BR>
                           <FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>ASHEVILLE, NC 28816 </I></B></FONT></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black"><B>&nbsp;</B></FONT></P></TD>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black"><B>VOTE
    BY INTERNET- <U>www.proxyvote.com</U></B></FONT><FONT STYLE="color: Black"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">Use the Internet to transmit your voting instructions and for electronic
    delivery of information up until 11:59 P.M. Eastern Time the day before the cut-off date or meeting date. Have your proxy
    card in hand when you access the website and follow the instructions to obtain your records and to create an electronic voting
    instruction form.</FONT><BR>
    <BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>ELECTRONIC DELIVERY OF FUTURE PROXY MATERIALS</B></FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">If you would like to reduce the costs incurred by our company in
    mailing proxy materials, you can consent to receiving all future proxy statements, proxy cards and annual reports electronically
    via e-mail or the Internet. To sign up for electronic delivery, please follow the instructions above to vote using the Internet
    and, when prompted, indicate that you agree to receive or access proxy materials electronically in future years.</FONT><BR>
    <BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>VOTE BY MAIL</B></FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">Mark, sign and date your proxy card and return it in the postage-paid
    envelope we have provided or return it to Vote Processing, c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717.</FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></P>

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 49%"></TD>
    <TD STYLE="width: 24%"></TD>
    <TD STYLE="width: 27%"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">TO VOTE, MARK BLOCKS BELOW IN BLUE
    OR BLACK INK AS FOLLOWS:</FONT></TD>
    <TD></TD>
    <TD></TD></TR>
<TR STYLE="vertical-align: top">
    <TD></TD>
    <TD></TD>
    <TD></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 2px dashed"></TD>
    <TD STYLE="border-bottom: Black 2px dashed; padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">M98371-P70695</FONT></TD>
    <TD STYLE="border-bottom: Black 2px dashed; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">KEEP
    THIS PORTION FOR YOUR RECORDS</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center; padding-left: 1.625in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black"><B>THIS
    PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED.</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">DETACH
    AND RETURN THIS PORTION ONLY</FONT></TD></TR>
</TABLE>


<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 1%; border-top: Black 2px solid; border-left: Black 2px solid"></TD>
    <TD STYLE="width: 1%; border-top: Black 2px solid"></TD>
    <TD STYLE="width: 3%; border-top: Black 2px solid"></TD>
    <TD STYLE="width: 2%; border-top: Black 2px solid"></TD>
    <TD STYLE="width: 16%; border-top: Black 2px solid"></TD>
    <TD STYLE="width: 2%; border-top: Black 2px solid"></TD>
    <TD STYLE="width: 4%; border-top: Black 2px solid"></TD>
    <TD STYLE="width: 1%; border-top: Black 2px solid; text-align: center"></TD>
    <TD STYLE="width: 3%; border-top: Black 2px solid; text-align: center"></TD>
    <TD STYLE="width: 4%; border-top: Black 2px solid; text-align: center"></TD>
    <TD STYLE="width: 5%; border-top: Black 2px solid; text-align: center"></TD>
    <TD STYLE="width: 1%; border-top: Black 2px solid"></TD>
    <TD STYLE="width: 23%; border-top: Black 2px solid"></TD>
    <TD STYLE="width: 1%; border-top: Black 2px solid"></TD>
    <TD STYLE="width: 3%; border-top: Black 2px solid"></TD>
    <TD STYLE="width: 5%; border-top: Black 2px solid"></TD>
    <TD STYLE="width: 5%; border-top: Black 2px solid"></TD>
    <TD STYLE="width: 2%; border-top: Black 2px solid"></TD>
    <TD STYLE="width: 1%; border-top: Black 2px solid; border-right: Black 2px solid"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="5"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black"><B>INGLES MARKETS,
    INCORPORATED</B></FONT></TD>
    <TD></TD>
    <TD STYLE="text-align: center"></TD>
    <TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black"><B>For</B></FONT></TD>
    <TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black"><B>Withhold</B></FONT></TD>
    <TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black"><B>For
    All</B></FONT></TD>
    <TD></TD>
    <TD ROWSPAN="2"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">To
                    withhold authority to vote for any individual nominee(s), mark &ldquo;For All Except&rdquo; and write the&nbsp;number(s)
                    of the nominee(s) on the line below.</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="border-right: Black 2px solid"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: Black">&nbsp;</FONT></TD>
    <TD></TD>
    <TD COLSPAN="6"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black"><B>The Board of Directors
    recommends you vote FOR</B></FONT><FONT STYLE="color: Black"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>the following:</B></FONT></FONT></TD>
    <TD STYLE="text-align: center; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black"><B>All</B></FONT></TD>
    <TD STYLE="text-align: center; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black"><B>All</B></FONT></TD>
    <TD STYLE="text-align: center; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black"><B>Except</B></FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="border-right: Black 2px solid; border-top: Black 2px solid"></TD>
    <TD></TD>
    <TD STYLE="border-right: Black 2px solid"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 5pt; color: Black">&nbsp;</FONT></TD>
    <TD></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 5pt; color: Black">&nbsp;</FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="text-align: center"></TD>
    <TD STYLE="text-align: center"></TD>
    <TD STYLE="text-align: center"></TD>
    <TD STYLE="text-align: center"></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="border-right: Black 2px solid"></TD>
    <TD></TD>
    <TD STYLE="border-right: Black 2px solid"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">1.</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">Election of Directors</FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="text-align: center"></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>(
    )</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>(
    )</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>(
    )</B></FONT></TD>
    <TD></TD>
    <TD STYLE="border-bottom: Black 2px solid"></TD>
    <TD></TD>
    <TD STYLE="text-align: right"></TD>
    <TD STYLE="text-align: right"></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: right"></TD>
    <TD></TD>
    <TD STYLE="border-right: Black 2px solid"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 5pt; color: Black">&nbsp;</FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="text-align: right"></TD>
    <TD STYLE="text-align: right"></TD>
    <TD STYLE="text-align: right"></TD>
    <TD></TD>
    <TD STYLE="border-right: Black 2px solid"></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black">&nbsp;</FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black"><B>Nominees:</B></FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="border-right: Black 2px solid"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 5pt; color: Black">&nbsp;</FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="border-right: Black 2px solid"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">&nbsp;</FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">1)</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">Fred D. Ayers</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">4)</FONT></TD>
    <TD COLSPAN="4"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">Robert P. Ingle, II</FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="border-right: Black 2px solid"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">&nbsp;</FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">2)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">L. Keith Collins</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">5)</FONT></TD>
    <TD COLSPAN="4"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">James W. Lanning</FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="border-right: Black 2px solid"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">&nbsp;</FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">3)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">Ronald B. Freeman</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">6)</FONT></TD>
    <TD COLSPAN="4"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">Laura Ingle Sharp</FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
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    <TD COLSPAN="9" STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black"><B>The
    Board of Directors recommends you vote AGAINST the following proposal:</B></FONT></TD>
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    <TD COLSPAN="2" STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">&nbsp;<B>Abstain</B></FONT></TD>
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    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">2.</FONT></TD>
    <TD COLSPAN="8"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">Stockholder proposal
    on independent director stock purchase requirement.</FONT></TD>
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    <TD COLSPAN="9" STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt; color: Black">Please
    sign exactly as your name(s) appear(s) hereon. When signing as attorney, executor, administrator, or other fiduciary, please
    give full title as such. Joint owners should each sign personally. All holders must sign. If a corporation or partnership,
    please sign in full corporate or partnership name by authorized officer.</FONT></TD>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>Important
Notice Regarding the Availability of Proxy Materials for the Annual Meeting:</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">The
Notice and Proxy Statement and Form 10-K are available at <U>www.proxyvote.com</U>.</FONT></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">M98372-P70695</FONT></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 2%; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 96%; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 2%; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>INGLES
    MARKETS, INCORPORATED</B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>Annual
    Meeting of Stockholders </B></FONT><FONT STYLE="color: Black"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>February 9, 2016 11:00 AM</B></FONT></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>This
    proxy is solicited by the Board of Directors</B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD></TR>
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    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD></TR>
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    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">The
    undersigned hereby appoints Robert P. Ingle, II and James W. Lanning, or either of them, as Proxies, each with the power to
    appoint his substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side, all of the
    shares of Class B Common Stock held of record by the undersigned on December 16, 2015, at the Annual Meeting of Stockholders
    of Ingles Markets, Incorporated to be held on February 9, 2016 at 11:00 a.m. at the Grove Park Inn, 290 Macon Avenue, Asheville,
    North Carolina, or any postponements or adjournments thereof.</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD></TR>
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    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>THIS
    PROXY, DULY EXECUTED, WILL BE VOTED AS SPECIFIED. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED &ldquo;FOR&rdquo; PROPOSAL
    1 AND &ldquo;AGAINST&rdquo; PROPOSAL 2. PLEASE SIGN, DATE AND PROMPTLY RETURN THIS PROXY IN THE ENCLOSED ENVELOPE.</B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD></TR>
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    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
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    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
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    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
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    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD></TR>
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    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>Continued
    and to be signed on reverse side</B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD></TR>
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    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
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    <TD STYLE="border-left: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
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    <TD STYLE="border-bottom: Black 2px solid; border-left: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD></TR>
</TABLE>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>***
Exercise Your <I>Right</I> to Vote ***</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Important
Notice Regarding the Availability of Proxy Materials for the </B><BR>
<B>Stockholder Meeting to Be Held on February 9, 2016.</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 49%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 2%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 32%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-right: Black 2px solid; border-left: Black 2px solid; text-decoration: underline; text-align: center; padding-top: 3pt; border-top: Black 2px solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><U>Meeting
    Information</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>INGLES MARKETS, INCORPORATED</B></FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 4pt; padding-top: 3pt; border-left: Black 2px solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Meeting
                                         Type: </B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 1pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>For
        holders as of: </B></FONT></P></TD>
    <TD STYLE="border-right: Black 2px solid; padding-top: 3pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Annual
                                         Meeting</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 1pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">December 16, 2015</FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-right: Black 2px solid; border-left: Black 2px solid; padding-left: 4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Date:
    </B>&nbsp;&nbsp;&nbsp;February 9, 2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Time:</B> &nbsp;&nbsp;&nbsp;11:00 AM EST</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2px solid; border-left: Black 2px solid; padding-left: 4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Location:</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Grove Park Inn<BR>
                                         290 Macon Avenue<BR>
                                         Asheville, NC 28804</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="3"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I>INGLES MARKETS, INCORPORATED</I><BR>
        <I>ATTN: RONALD B. FREEMAN</I><BR> <I>P.O.&nbsp;&nbsp;BOX 6676</I><BR>
        <I>ASHEVILLE, NC 28816</I></FONT></P></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="3"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">You
                    are receiving this communication because you hold shares in the company named above.</FONT></P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">This
        is not a ballot. You cannot use this notice to vote these shares. This communication presents only an overview of the
        more complete proxy materials that are available to you on the Internet. You may view the proxy materials online at <I>www.proxyvote.com
        </I>or easily request a paper copy (see reverse side).</FONT></P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">We
        encourage you to access and review all of the important information contained in the proxy materials before voting.</FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="3"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="padding: 8px; background-color: #231F20; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: White"><B>See
    the reverse side of this notice to obtain proxy materials and voting instructions.</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">M98373-P70695</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 36%; text-align: center"><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 20%; text-align: center"><FONT STYLE="font: 14pt Times New Roman, Times, Serif"><B>Before You
    Vote</B></FONT></TD>
    <TD STYLE="width: 4%; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 36%; text-align: center"><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">How
to Access the Proxy Materials</FONT></P>
<P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
<TR>
    <TD STYLE="vertical-align: top; width: 2%; border-top: Black 2px solid; border-left: Black 2px solid"><FONT STYLE="font: 5pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; width: 4%; border-top: Black 2px solid"><FONT STYLE="font: 5pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; width: 11%; border-top: Black 2px solid"><FONT STYLE="font: 5pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 3%; border-top: Black 2px solid"><FONT STYLE="font: 5pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 12%; border-top: Black 2px solid"><FONT STYLE="font: 5pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 5%; border-top: Black 2px solid"><FONT STYLE="font: 5pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 20%; border-top: Black 2px solid"><FONT STYLE="font: 5pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 41%; border-top: Black 2px solid"><FONT STYLE="font: 5pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 2%; border-top: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font: 1pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Proxy Materials Available
    to VIEW or RECEIVE:</B></FONT></TD>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font: 4pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="text-align: justify"><FONT STYLE="font: 4pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font: 4pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 4pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font: 4pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">NOTICE AND PROXY STATEMENT</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif">FORM 10-K</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font: 4pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="4"><FONT STYLE="font: 4pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font: 4pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 4pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font: 4pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="7"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>How
        to View Online:</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Have
        the information that is printed in the box marked by the arrow <IMG SRC="inglesmktsinc001_v1.jpg" ALT="(GRAPHIC)"> <FONT STYLE="border: Black 2px solid">XXXX
        XXXX XXXX XXXX</FONT> (located on the following page) and visit: <I>www.proxyvote.com.</I></FONT></P></TD>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font: 4pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="7"><FONT STYLE="font: 4pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font: 4pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="7"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>How
        to Request and Receive a PAPER or E-MAIL Copy:</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
        you want to receive a paper or e-mail copy of these documents, you must request one.<FONT STYLE="text-transform: uppercase">
        </FONT>There is NO charge for requesting a copy.<FONT STYLE="text-transform: uppercase"> </FONT>Please choose one of the
        following methods to make your request:</FONT></P></TD>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">1)</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>BY INTERNET</I>:</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif">www.proxyvote.com</FONT></TD>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">2)</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>BY TELEPHONE</I>:</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">1-800-579-1639</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">3)</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>BY E-MAIL*</I>:</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">sendmaterial@proxyvote.com</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font: 5pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="7"><FONT STYLE="font: 5pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font: 5pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="text-align: justify; padding-bottom: 1px"><FONT STYLE="font-family: Times New Roman, Times, Serif">*
    If requesting materials by e-mail, please send a blank e-mail with the information that is printed in the box marked by the
    arrow <IMG SRC="inglesmktsinc001_v1.jpg" ALT="(GRAPHIC)"> <FONT STYLE="border: Black 2px solid">XXXX XXXX XXXX XXXX</FONT> (located
    on the following page) in the subject line.</FONT></TD>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 2px solid"><FONT STYLE="font: 5pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="7"><FONT STYLE="font: 5pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2px solid"><FONT STYLE="font: 5pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 2px solid; border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="border-bottom: Black 2px solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Requests,
        instructions and other inquiries sent to this e-mail address will NOT be forwarded to your investment advisor.<FONT STYLE="text-transform: uppercase">
        </FONT>Please make the request as instructed above on or before January 26, 2016 to facilitate timely delivery.</FONT></P>
        <P STYLE="font: 5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P></TD>
    <TD STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 38%; text-align: center"><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 16%; text-align: center"><FONT STYLE="font: 14pt Times New Roman, Times, Serif"><B>How To Vote</B></FONT></TD>
    <TD STYLE="width: 4%; border-bottom: Black 2px solid; text-align: center"><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 38%; text-align: center"><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Please
Choose One of the Following Voting Methods</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
<TR>
    <TD STYLE="vertical-align: top; border-top: Black 2px solid; border-left: Black 2px solid"><FONT STYLE="font: 5pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 2px solid"><FONT STYLE="font: 5pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 2px solid; border-right: Black 2px solid"><FONT STYLE="font: 5pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 3%; border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 94%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Vote
    In Person:<FONT STYLE="text-transform: uppercase"> </FONT></B>Many stockholder meetings have attendance requirements including,
    but not limited to, the possession of an attendance ticket issued by the entity holding the meeting. Please check the meeting
    materials for any special requirements for meeting attendance.<FONT STYLE="text-transform: uppercase"> </FONT>At the meeting,
    you will need to request a ballot to vote these shares.</FONT></TD>
    <TD STYLE="vertical-align: top; width: 3%; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: Black 2px solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 8pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; padding-bottom: 1px"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Vote
    By Internet: </B>To vote now by Internet, go to <I>www.proxyvote.com.</I><FONT STYLE="text-transform: uppercase"> </FONT>Have
    the information that is printed in the box marked by the arrow <IMG SRC="inglesmktsinc001_v1.jpg" ALT="(GRAPHIC)"> <FONT STYLE="border: Black 2px solid">XXXX
    XXXX XXXX XXXX</FONT> (located on the following page) available and follow the instructions.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: Black 2px solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 8pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Vote By
    Mail:<FONT STYLE="text-transform: uppercase"> </FONT></B>You can vote by mail by requesting a paper copy of the materials,
    which will include a proxy card.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 2px solid; border-left: Black 2px solid"><FONT STYLE="font: 5pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2px solid"><FONT STYLE="font: 5pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 2px solid; border-bottom: Black 2px solid"><FONT STYLE="font: 5pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">M98374-P70695</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; border-bottom: Black 2px solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; border-bottom: Black 2px solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 12%; border-bottom: Black 2px solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 15%"><FONT STYLE="font: 8pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 65%"><FONT STYLE="font: 8pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; padding: 2px; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Voting
    Items</B></FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="3"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>The Board of Directors
    recommends you vote FOR the following:</B></FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="3"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1.</FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Election of Directors</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="3"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="3"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Nominees:</B></FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1)</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Ernest E. Ferguson<FONT STYLE="text-transform: uppercase">
    </FONT></FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2)</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Brenda S. Tudor</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="5"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>The Board of Directors recommends you vote AGAINST
    the following proposal:</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="3"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2.</FONT></TD>
    <TD COLSPAN="4" STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Stockholder proposal on
    independent director stock purchase requirement.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">M98375-P70695</FONT></P>



<P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; border-bottom: Black 2px solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; border-bottom: Black 2px solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 12%; border-bottom: Black 2px solid"><FONT STYLE="font: 8pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 15%"><FONT STYLE="font: 8pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 65%"><FONT STYLE="font: 8pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-right: Black 2px solid; border-bottom: Black 2px solid; border-left: Black 2px solid; padding: 2px; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Voting
    Items</B></FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="3"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>The Board of Directors
    recommends you vote FOR the following:</B></FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="3"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1.</FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Election of Directors</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="3"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="3"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Nominees:</B></FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1)</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Fred D. Ayers<FONT STYLE="text-transform: uppercase">
    </FONT></FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Robert P. Ingle, II</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2)</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">L. Keith Collins</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;James W. Lanning</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3)</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Ronald B. Freeman</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">6)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Laura Ingle Sharp</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="5"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>The Board of Directors recommends you vote AGAINST
    the following proposal:</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="3"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2.</FONT></TD>
    <TD COLSPAN="4" STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Stockholder proposal on
    independent director stock purchase requirement.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">M98376-P70695</FONT></P>



<P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

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