• Net profit of $656k or $0.043 cents per share compared to $578k or $0.038 cents per share

• Operating income of $656k compared to $504k

• Sales of $35.98m compared to $28.06m – increase of 28.2%

• Reduction in SGA from 27.9% to 27.1%

• Increase in net cash balances of $2.5m since January 31, 2013

• Increase in accounts payable due to accrued dividends payable of $616k and insurance payable of $504k.

“We are pleased that we are able to increase shareholder returns in our current economic environment”, says Mr. Dionisio D’Aguilar, Chairman, AML Foods Limited. “Due to strong management of our balance sheet during the quarter, we saw a reduction in inventory investment and an increase in cash balances. We are also happy to announce that we will move to quarterly dividend payments of $0.02 cents per share. Dividends for the quarter ending June 30, 2013, will be payable on July 8thto shareholders on record as of July 1st, 2013”. Subsequent payments will be made following the end of each calendar quarter.

“After our focus on expansion in 2011 and 2012, our management team has refocused on our operations for the past quarter and we are seeing the results of this focus through reduced shrink,inventory balances and operational expenses. These areas, along with a strong focus on increasing same store sales, will remain our objective for the coming quarters.” Operational cash flow remains strong, as the Company continues to fund its debt repayment while increasing ordinary shareholder dividends.

Commenting on the increase in taxes Mr. D’Aguilar says, “The current taxation policy to tax companies on sales volumes is fundamentally unfair, as it targets high volume, low margin businesses, such as retail, construction and gas stations. This presents great difficulty for these businesses as we already operate under an oppressive Price Control regime”.

Mr D’Aguilar explained that increased taxation, along with the uncertainty over VAT implementation, has caused AML Foods to reassess its growth strategy. “We will now focus on Franchise business and efficiency driven areas, such as energy reduction to improve earnings,while looking to minimise the impact of increased taxation on our customers and our shareholders”, he says. “AML expects to invest $1m in projects to reduce energy usage over the next 6 months. These funds were previously earmarked for expansion of our Food Distribution business”.

About AML Foods Limited: AML Foods Limited was incorporated in 1989 in The Bahamas and is listed on the Bahamas International Securities Exchange. The Company and its subsidiaries are primarily engaged in the operations of retail and club stores offering dry and perishable food items and other consumer products, and the operation of a food franchise business. AML Foods Limited Food Distribution includes its retail division - Solomon’s Super Center Nassau, Solomon’s Fresh Market, and Solomon’s Freeport Neighborhood Stores – and its club division - Cost Right Nassau and Cost Right Freeport; the Company’s Franchise Division consists of eleven Domino’s Pizza locations in Nassau and Freeport. The registered office of the Company is at One Millars Court, off Shirley Street, Nassau, New Providence,Bahamas and the corporate office is at Town Centre Mall, Upper Level, Blue Hill Road, Nassau, New Providence, Bahamas, Tel: 242.677.7200.

About this report: This report may include “forward-looking statements.” While AML Foods Limited believes that the expectations reflected in such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from AML Foods’ expectations include external economic conditions, changes in the marketplace, changes in interest rates and operating costs and other unforeseen events or conditions that affect the Group’s performance.