Two New Directors Announced for the Board of ML Resources, Inc.

Business Editors

HONOLULU--(BUSINESS WIRE)--June 16, 2000

J.W.A. Buyers Chairman of ML Resources, Inc. has announced the addition of two new members to the Board of Directors for ML Resources, the general and managing partner of ML Macadamia Orchards, L.P. (NYSE:NUT).

"We are extremely pleased to add Dr. David McClain, Dean of the College of Business Administration at the University of Hawaii and First Hawaiian Bank Distinguished Professor of Leadership and Management, and J. Alan Kugle, Esq., Executive Vice President and General Counsel of C. Brewer and Company, Limited to our Board," said Buyers.

"The Partnership expanded its operations last month by acquiring the macadamia farming operations of Ka'u Agribusiness and Mauna Kea Agribusiness and felt an expanded board was necessary to oversee the larger operation," said Buyers. These two appointments bring the number of directors on the Board of ML Resources to seven -- four outside directors and three inside directors.

"Dr. McClain is a knowledgeable and successful leader in the national and international economic community and brings a wide range of experiences and acumen to our Board," said Buyers. McClain, a specialist in Asian economic issues, has been with the University of Hawaii since 1991. He holds a Ph.D. in economics from the Massachusetts Institute of Technology (MIT) and has taught at MIT's Sloan School of Management and Boston University, where he chaired the Department of Finance and Economics and was founding director of the Japan Management Development Program. He is currently the U.S. government representative to the APEC Business Management Network, and served as Chair of the Network from 1997-2000. McClain is also Co-director of the University of Hawaii East-West Center APEC Study Center, a member of the Board of the National Association for Business Economics, and a member of the National Business Economic Issues Council. McClain's writings have been published widely in professional journals as well as in the national financial news media.

Kugle has been Executive Vice President and General Counsel of C. Brewer and Company, Ltd., for more than two decades. He also served as President of ML Resources from 1986 to 1992 and was the Chairman and President of Mauna Loa Macadamia Nut Corporation from 1983 to 1991. Kugle graduated with an A.B. from Franklin and Marshall College and received his law degree from the New York University School of Law where he was a Root - Tilden Scholar. Kugle is an experienced business executive as well as a distinguished corporate attorney, and has a wide knowledge of the macadamia nut business.

ML Resources, a wholly-owned subsidiary of C. Brewer and Company, Ltd., is the general and managing partner of ML Macadamia Orchards, L.P., a limited partnership which trades on the New York Stock Exchange under the symbol "NUT." ML Macadamia Orchards is the world's largest macadamia orchard owner, operator and grower. The Partnership owns and leases 4,169 acres of macadamia orchards exclusively on the Big Island, where macadamia yields are the highest in the world.