ABOUT ML MACADAMIA ORCHARDS, L.P.

Directors and Executive Management

Overview

ML Macadamia Orchards, L.P. (“MLMO”) was founded in 1986 under Delaware partnership law as a publicly traded partnership (NYSE – “NUT”). MLMO is engaged in the business of growing and farming macadamia nuts in the state of Hawaii. The Company owns or leases approximately 4,190 tree acres of macadamia nut orchards in three regions within a 50 mile radius on the island of Hawaii. The Company also performs farming services on approximately 2,100 tree acres for other orchard owners. ML Macadamia Orchards, L.P. is the world’s largest grower of macadamias.

The Partnership is managed by its general partner, ML Resources, Inc. (the Managing Partner). Throughout the first 19 years of its existence, the Managing Partner was owned by various related entities, which managed the Partnership’s business activities. Effective January 6, 2005, 100% of the outstanding shares of ML Resources, Inc. were purchased by the Partnership on behalf of the limited partners.

Owned Orchards

The company’s owned/leased orchards produce approximately 21 million pounds of in-shell macadamias annually, with some variation depending upon seasonal weather patterns. From the inception of the Partnership until December 31, 2006, all of the production from these orchards was sold under long-term nut purchase contracts to Mauna Loa Macadamia Nut Corporation (“Mauna Loa”), who processed and marketed the macadamias under the Mauna Loa ® brand name. In December 2004, Mauna Loa was acquired by and became a wholly owned subsidiary of The Hershey Company.

Effective January 1, 2007, MLMO’s production will be sold to at least four separate nut processors in Hawaii. Hamakua Macadamia Nut Company will purchase approximately 30% of the annual production, 25% will be sold to Mac Farms of Hawaii, LLC, 10% will be sold to Purdyco International, Ltd., 30% will continue to be sold to Mauna Loa and some production may be available for sale on the open market. MLMO will be the largest single outside supplier of nuts-in-shell for each of the four major Hawaii processors.

Macadamia Farming

From 1986 until 2000, the Company outsourced all of its macadamia farming work to several affiliated companies under long-term service contracts. In May 2000, the company began performing its own farming operations by purchasing the assets of Ka’u Agribusiness, it primary farming service provider. Since then, the Company has farmed its own 4,190 acres of macadamia orchards and 2,100 additional acres of macadamia orchards owned by other growers. All the orchards are located in three separate regions on the island of Hawaii (Keaau, Ka'u and Mauna Kea).

The company provides farming services for other orchard owners under long-term farming contracts, in which all direct and indirect costs are reimbursed to ML Macadamia Orchards. These contracts also provide a management fee to the Company, which is based as either a fixed fee per acre farmed, or as a percentage of reimbursed costs, ranging from 5% to 20%.