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Published on 3/12/2007 in the Prospect News PIPE Daily.

New Issue: Maui Land & Pineapple wraps $15 million placement of stock

By Sheri Kasprzak

New York, March 12 - Maui Land & Pineapple Co., Inc. settled a $15,000,018 private placement.

The company sold 517,242 shares at $29.00 each to Ohana Holdings LLC and ZG Ventures, LLC.

Based in Kahului, Hawaii, Maui Land & Pineapple manages agricultural and resort properties.

Issuer:Maui Land & Pineapple Co., Inc.
Issue:Stock
Amount:$15,000,018
Shares:517,242
Price:$29.00
Warrants:No
Investors:Ohana Holdings LLC, ZG Ventures, LLC
Settlement date:March 12
Stock symbol:Amex: MLP
Stock price:$30.25 at close March 12

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