At the Annual Meeting of Shareholders of Lakeland Bancorp Inc. held on May 8, 2013, Lakeland's shareholders approved a proposal to amend the Company's Restated Certificate of Incorporation, as amended (Certificate of Incorporation), to increase the number of authorized shares of Lakeland common stock from 40,000,000 shares to 70,000,000 shares and to increase the total number of authorized shares of Lakeland's capital stock from 41,000,000 shares to 71,000,000 shares. On May 10, 2013, the Company filed with the New Jersey Department of Treasury a Certificate of Amendment to its Certificate of Incorporation (Certificate of Amendment) to increase the number of authorized shares of Lakeland common stock to 70,000,000 shares and to increase the total number of authorized shares of Lakeland's capital stock to 71,000,000 shares.

Lakeland Bancorp Inc., Special/Extraordinary Shareholders Meeting, May 08, 2013. Agenda: To consider the proposed merger between Lakeland Bancorp, Inc. and Somerset Hills Bancorp subsidiaries.

Lakeland Bancorp Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company announced total interest income of $26,569,000 compared to $28,294,000 for the same period a year ago. Net interest income was $23,936,000 compared to $23,946,000 for the same period a year ago. Net interest income after provision for loan and lease losses was $20,753,000 compared to $19,390,000 for the same period a year ago. Income before provision for income taxes was $7,577,000 compared to $7,172,000 for the same period a year ago. Net income was $5,108,000 compared to $4,971,000 for the same period a year ago. Net income available to common stockholders was $5,108,000 compared to $4,351,000 for the same period a year ago. Earnings per common share, basic and diluted were $0.17 compared to $0.16 for the same period a year ago. Book value per share, GAAP was $9.51 compared to $8.97 for the same period a year ago. Tangible book value per share, Non-GAAP was $6.59 compared to $5.74 for the same period a year ago. Return on average common stockholders' equity, GAAP was 7.33% compared to 8.23% for the same period a year ago. Return on average tangible common stockholders' equity, non-GAAP was 10.59% compared to 12.83% for the same period a year ago. Total revenue, as adjusted was $28,714,000 compared to $28,235,000 for the same period a year ago. Annualized return on average assets was 0.72% compared to 0.71% for the same period a year ago. For the first quarter ended March 31, 2013, the company announced net charge-offs of $2,491,000 compared to $4,272,000 for the same period a year ago. The company declared a quarterly cash dividend of $0.07 per common share. The cash dividend will be payable on May 15, 2013 to holders of record as of the close of business on April 30, 2013.