Hawaiian Electric Industries, Inc. To Announce Its 2012 Financial Results On February 7, 2013; American Savings Bank To

 Hawaiian Electric Industries, Inc. To Announce Its 2012 Financial Results On
February 7, 2013; American Savings Bank To Announce Its 2012 Financial Results
                             On January 30, 2013

PR Newswire

HONOLULU, Jan. 4, 2013

HONOLULU, Jan. 4, 2013 /PRNewswire/ -- Hawaiian Electric Industries, Inc.
(HEI) (NYSE - HE) said today that it plans to announce its 2012 financial
results on Thursday, February 7, 2013. In addition, American Savings Bank,
F.S.B. (ASB), a wholly-owned indirect subsidiary of HEI, plans to announce its
2012 financial results on Wednesday, January 30, 2013, the same day ASB
expects to file financial reports to meet regulatory filing requirements.

HEI also announced that it has scheduled an earnings conference call beginning
at 8:00a.m. Hawaii time (1:00 p.m. Eastern time) on Friday, February 8, 2013.

Interested parties may listen to the conference by calling (866) 202-3048 and
entering passcode: 97355196, or by listening to the webcast on HEI's website
at www.hei.com. The presentation for the webcast will be on HEI's website
under the headings "Investor Relations," "News & Events" and "Presentations &
Webcasts." HEI and Hawaiian Electric Company, Inc. (HECO) intend to continue
to use HEI's website, www.hei.com, as a means of disclosing additional
information. Such disclosures will be included on HEI's website in the
Investor Relations section. Accordingly, investors should routinely monitor
such portions of HEI's website, in addition to following HEI's, HECO's and
ASB's press releases, HEI's and HECO's SEC filings and HEI's public conference
calls and webcasts. The information on HEI's website is not incorporated by
reference in this document or in HEI's and HECO's SEC filings unless, and
except to the extent, specifically incorporated by reference. Investors may
also wish to refer to the Public Utilities Commission of the State of Hawaii
(PUC) website at dms.puc.hawaii.gov/dms in order to review documents filed
with and issued by the PUC. No information on the PUC website is incorporated
by reference in this document or in HEI's and HECO's SEC filings.

An on-line replay of the February 8, 2013 webcast will be available on HEI's
website beginning about two hours after the event. Replays of the
teleconference will also be available approximately two hours after the event
through February 22, 2013, by dialing (888) 286-8010, passcode: 47992097.

HEI supplies power to approximately 450,000 customers or 95% of Hawaii's
population through its electric utilities, HECO, Hawaii Electric Light
Company, Inc. and Maui Electric Company, Limited and provides a wide array of
banking and other financial services to consumers and businesses through ASB,
one of Hawaii's largest financial institutions.

Forward-Looking Statements
Statements made orally or materials presented on the above-referenced
webcast/conference call may contain "forward-looking statements," which
include statements that are predictive in nature, depend upon or refer to
future events or conditions and usually include words such as "expects,"
"anticipates," "intends," "plans," "believes," "predicts," "estimates," or
similar expressions. In addition, any statements concerning future financial
performance, ongoing business strategies or prospects or possible future
actions are also forward-looking statements. Forward-looking statements are
based on current expectations and projections about future events and are
subject to risks, uncertainties and the accuracy of assumptions concerning HEI
and its subsidiaries, the performance of the industries in which they do
business and economic and market factors, among other things. These
forward-looking statements are not guarantees of future performance.

Forward-looking statements made orally or in materials presented on the
above-referenced webcast/conference call should be read in conjunction with
the "Forward-Looking Statements" discussion (which is incorporated by
reference herein) set forth on pages iv and v of HEI's Quarterly Report on
Form 10-Q for the quarter ended September 30, 2012, and in HEI's future
periodic reports that discuss important factors that could cause HEI's results
to differ materially from those anticipated in such statements. These
forward-looking statements speak only as of the date of the above-referenced
webcast/conference call.

Contact: Shelee M.T. Kimura          (808) 543-7384 Telephone
         Manager, Investor Relations E-mail: skimura@hei.com
         & Strategic Planning

(Logo: http://photos.prnewswire.com/prnh/20110411/LA80136LOGO)

SOURCE Hawaiian Electric Industries, Inc.

Website: http://www.hei.com