Alexander & Baldwin to Present at 17th Annual Wachovia Nantucket Equity Conference

June 18, 2007

HONOLULU--(BUSINESS WIRE)--June 18, 2007--Alexander & Baldwin, Inc. (Nasdaq:ALEX) announced today that Christopher J. Benjamin, its senior vice president, chief financial officer and treasurer, will present an overview of the company's businesses and mid-year outlook at the 17th Annual Wachovia Nantucket Equity Conference in Nantucket, Massachusetts. Mr. Benjamin is scheduled to deliver his presentation at 9:30 a.m. Eastern Daylight Time on Tuesday, June 26, 2007. Mr. Benjamin also 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 July 3, 2007. The company's web site address is www.alexanderbaldwin.com. Additionally, Wachovia will provide audio-only access at its website, http://www.wsw.com/webcast/wa43/alex. The link to the audio access will be active for 90 days.

Alexander & Baldwin, Inc., headquartered in Honolulu, is engaged in ocean transportation and logistics services, through its subsidiaries, Matson Navigation Company, Inc. and Matson Integrated Logistics, Inc.; 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.

CONTACT: Alexander & Baldwin, Inc.
Kevin L. Halloran, 808-525-8422
Vice President, Corporate Development and Investor
Relations
khalloran@abinc.com

SOURCE: Alexander & Baldwin, Inc.