A&B FOUNDATION 2008 REVIEW OF GIVING REPORT POSTED

Hawaii Non-Profits Receive $1.7 Million, U.S. Mainland Charities $400,000

HONOLULU – April 7, 2009 – The Alexander & Baldwin Foundation 2008 Review of Giving has been posted; it details the $2.1 million in donations made to non-profit organizations in Hawaii and on the U.S. Mainland during the last calendar year. It is available at www.alexanderbaldwinfoundation.org/annualreports.htm

The majority of the giving – $1.7 million – was provided to charities serving a broad range of community needs in Hawaii and the Pacific Islands. The A&B Foundation donated an additional $400,000 to charities on the U.S. Mainland. The A&B Foundation also encouraged the generosity of its employees through matching gift programs which doubled close to $100,000 of their personal donations to charities in Hawaii and on the U.S. Mainland.

A&B’s statewide subsidiaries in Hawaii include Matson Navigation Company and A&B Properties, Inc. Its Maui operations include Hawaiian Commercial & Sugar Company (HC&S), and subsidiaries East Maui Irrigation Company (EMI), Kahului Trucking & Storage (KT&S) and A&B Wailea LLC. Kauai subsidiaries are Kauai Coffee Company, Kauai Commercial Company and Kukui`ula Development Company. A&B Fleet Services operates on the Big Island, in Hilo and Kawaihae. Matson Navigation Company and Matson Integrated Logistics operate across the United States, in the South Pacific and China.