Property Development & Management
Developing real property, primarily in Hawaii | Selling residential and commercial property | Managing a portfolio of commercial/industrial properties

Ocean Transportation
Carrying freight, primarily between Pacific Coast ports, Hawaii ports and Guam | Conducting related shoreside operations | Arranging domestic intermodal transportation

Food Products
Growing sugar cane and producing raw sugar | Growing, marketing and distributing coffee

A&B was founded in 1870 and incorporated in 1900.  Alexander & Baldwin's corporate headquarters are located in Honolulu, Hawaii.  Its common stock is traded on the NASDAQ Stock Market^SM under the symbol ALEX.

Transfer Agent and Registrar
Mellon Investor Services - San Francisco, California, and Ridgefield Park, New Jersey.
For questions regarding stock certificates or dividends, representatives of the Transfer Agent may be reached at 1-800-454-0477, between 9 a.m. and 7 p.m. Eastern time.

Inquires from professional investors may be directed to Kevin L. Halloran, Vice President, Corporate Development and Investor Relations. Phone (808) 525-8422
E-mail: invrel@abinc.com.  (Note: there is a 5 hour difference between Hawaii Standard Time and Eastern Standard Time, e.g., 8:00 a.m. HST is 1:00 p.m. EST .)