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NYSE Welcomes Hawaii’s Alexander & Baldwin, Inc. Aloha Spirit Arrives on The Big Board -- Eighth NYSE Euronext Hawaii Listing -- Aloha Shirts, Kauai Coffee and Hawaiian Leis Celebrate A&B 1st Day of Trading --
 

NEW YORK , Oct. 1, 2008 – Alexander & Baldwin, Inc., a leading ocean transportation and logistics, real estate and agribusiness company from Honolulu, Hawaii, began trading today on the New York Stock Exchange under the new ticker symbol “AXB” after transferring from Nasdaq.   Alexander & Baldwinis the eighth NYSE Euronext Hawaii listing to date.

"We welcome Alexander & Baldwin and its well-established brands to the New York Stock Exchange,” said NYSE Euronext CEO Duncan Niederauer. “From its Hawaii  home to the Asia-Pacific region and the mainland USA , Alexander & Baldwin has built an outstanding business and reputation. On behalf of my colleagues, I extend to the Alexander & Baldwin team and shareholders a warm aloha and my commitment to provide the highest levels of market quality and service.”

“Ninety-five years to the day, we first began trading as a public company on the Honolulu Stock and Bond Exchange. In the nearly century since, Alexander & Baldwin has grown exponentially into a premier transportation and real estate company, with multi-market operations from Shanghai  to Savannah . Trading on the New York Stock Exchange is an important step forward for us, as continue to seek new ways and new places to expand our operations, and as we create sustained, long-term value for our shareholders,” said Allen Doane, Chairman & CEO, Alexander & Baldwin.


Trading floor professionals designated to make markets in the stock of A&B, today celebrated the company’s first day of NYSE trading in a celebration with Hawaiian leis, Kauai  coffee, joined by NYSE CEO Duncan Niederauer.

Click  here for a photo of A&B’s transfer celebration at the NYSE, and photo of Allen Doane, Chairman and CEO and Executive team celebrations in Hawaii .

Alexander & Baldwin, Inc.   (NYSE: AXB)

Alexander & Baldwin, Inc., headquartered in Honolulu, Hawaii is engaged in ocean transportation and integrated 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 agribusiness, 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.

About NYSE Euronext

NYSE Euronext (NYX) operates the world’s leading and most liquid exchange group, and seeks to provide the highest levels of quality, customer choice and innovation.  Its family of exchanges, located in six countries, includes the New York Stock Exchange, the world's largest cash equities market; Euronext, the Eurozone's largest cash equities market; Liffe, Europe's leading derivatives exchange by value of trading; and NYSE Arca Options, one of the fastest growing U.S. options trading platforms.  NYSE Euronext offers a diverse array of financial products and services for issuers, investors and financial institutions in cash equities, options and derivatives, ETFs, bonds, market data, and commercial technology solutions.  As the world’s largest exchange group by number of listings and market capitalization, NYSE Euronext is home to over 6,400 listed issues representing a combined $26.7 / 17.1€ trillion (as of June 30, 2008) in total global market capitalization, more than four times that of any other exchange group.  NYSE Euronext's equity exchanges transact an average daily trading value of approximately $157.0 /102.7€ billion (as of June 30, 2008 ), which represents more than one-third of the world's cash equities trading.  NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index.  For more information and free real-time stock prices for all NYSE-listed securities, please visit www.nyx.com.

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