MAUI LAND & PINEAPPLE COMPANY, INC.

Maui Land & Pineapple Company, Inc. develops, manages and sells residential, resort, commercial, agricultural and industrial real estate properties in the United States. The Company owns approximately 23,000 acres of land on the island of Maui, Hawaii. The Company operates through three segments: Real Estate, Leasing and Resort Amenities. Real Estate segment is engaged in real estate operations, which consist of land planning and entitlement, development, and sales activities. This segment also included the operations of Kapalua Realty Company, Ltd., a general brokerage real estate company located in the Kapalua Resort. Leasing segment is engaged in leasing operations, which include commercial, agricultural, and industrial land and property leases. Resort Amenities segment manages the operations of the Kapalua Club, a private, non-equity club program, which provides its members special programs, access and other privileges at certain amenities at the Kapalua Resort.