Alexander & Baldwin to Present at the Wachovia Mid-Year Equity Conference

Alexander & Baldwin, Inc. (NYSE:ALEX) announced today that Norbert M. Buelsing, president of A&B Properties, a subsidiary of Alexander & Baldwin, and Kevin L. Halloran, vice president of corporate development and investor relations of Alexander & Baldwin, will present an overview of the company at the 19th Annual Wachovia Mid-Year Equity Conference in Boston. Both gentlemen are scheduled to deliver the presentation at 1:00 p.m. Eastern Daylight Time on Tuesday, June 23, 2009 and will respond to questions from participants at the conference.

Alexander & Baldwin will provide access to the presentation slides on its website during the presentation and until 5 p.m. Eastern Daylight Time on June 30, 2009. Access to the slides will be available at this link: http://www.alexanderbaldwin.com/investor-relations/events-and-presentations/. Additionally, Wachovia will provide audio-only access at its website, http://www.wsw.com/webcast/wa55/alex. The link to the audio access will be active for 90 days.

Alexander & Baldwin, Inc., is headquartered in Honolulu, Hawaii and is engaged in ocean transportation and logistics services through its subsidiaries, Matson Navigation Company, Inc., Matson Integrated Logistics, Inc. and Matson Global Distribution Services; in real estate through A&B Properties, Inc.; and in food products through Hawaiian Commercial & Sugar Company and Kauai Coffee Company, Inc. Additional information about A&B may be found at its web site: www.alexanderbaldwin.com.