<SEC-DOCUMENT>0001104659-17-016098.txt : 20170313
<SEC-HEADER>0001104659-17-016098.hdr.sgml : 20170313
<ACCEPTANCE-DATETIME>20170313161034
ACCESSION NUMBER:		0001104659-17-016098
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20170313
DATE AS OF CHANGE:		20170313
EFFECTIVENESS DATE:		20170313

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Matson, Inc.
		CENTRAL INDEX KEY:			0000003453
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER TRANSPORTATION [4400]
		IRS NUMBER:				990032630
		STATE OF INCORPORATION:			HI
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34187
		FILM NUMBER:		17685358

	BUSINESS ADDRESS:	
		STREET 1:		1411 SAND ISLAND PARKWAY
		CITY:			HONOLULU
		STATE:			HI
		ZIP:			96819
		BUSINESS PHONE:		808-848-1211

	MAIL ADDRESS:	
		STREET 1:		1411 SAND ISLAND PARKWAY
		CITY:			HONOLULU
		STATE:			HI
		ZIP:			96819

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALEXANDER & BALDWIN INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>a17-2265_2defa14a.htm
<DESCRIPTION>DEFA14A
<TEXT>


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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">UNITED STATES</font></b></p>    </td>   </tr>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></b></p>    </td>   </tr>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Washington, D.C. 20549</font></b></p>    </td>   </tr>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="4" face="Times New Roman" style="font-size:14.0pt;font-weight:bold;">SCHEDULE   14A</font></b></p>    </td>   </tr>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proxy Statement Pursuant to Section&nbsp;14(a)&nbsp;of<br>   the Securities Exchange Act of 1934 (Amendment No.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;)</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Filed   by the Registrant&nbsp;&nbsp;</font><font size="2" face="Wingdings" style="font-size:10.0pt;">x</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Filed   by a Party other than the Registrant&nbsp;&nbsp;</font><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check   the appropriate box:</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Preliminary   Proxy Statement</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="2" style="font-size:10.0pt;">  </font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Confidential, for Use of the Commission Only (as permitted   by Rule&nbsp;14a-6(e)(2))</font></b></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Definitive   Proxy Statement</font></p>    </td>   </tr>
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<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.04%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">x</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Definitive   Additional Materials</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Soliciting   Material under &#167;240.14a-12</font></p>    </td>   </tr>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Matson, Inc.</font></p>    </td>   </tr>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Name of Registrant as Specified In Its Charter)</font></p>    </td>   </tr>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Name of Person(s)&nbsp;Filing Proxy Statement, if other than the   Registrant)</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Payment   of Filing Fee (Check the appropriate box):</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">x</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No   fee required.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Fee   computed on table below per Exchange Act Rules&nbsp;14a-6(i)(1)&nbsp;and   0-11.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:4.66%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title   of each class of securities to which transaction applies:</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="90%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:90.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font></p>    </td>
<td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Aggregate   number of securities to which transaction applies:</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Per   unit price or other underlying value of transaction computed pursuant to   Exchange Act Rule&nbsp;0-11 (set forth the amount on which the filing fee is   calculated and state how it was determined):</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="90%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:90.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(4)</font></p>    </td>
<td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proposed   maximum aggregate value of transaction:</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="90%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:90.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
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<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.04%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(5)</font></p>    </td>
<td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Total   fee paid:</font></p>    </td>   </tr>
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<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.04%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:4.66%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="90%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:90.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr style="page-break-inside:avoid;">
<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.04%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>    </td>
<td width="94%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:94.96%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Fee   paid previously with preliminary materials.</font></p>    </td>   </tr>
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<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.04%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="2" style="font-size:10.0pt;">  </font></p>    </td>
<td width="94%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:94.96%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check   box if any part of the fee is offset as provided by Exchange Act Rule&nbsp;0-11(a)(2)&nbsp;and   identify the filing for which the offsetting fee was paid previously.   Identify the previous filing by registration statement number, or the Form&nbsp;or   Schedule and the date of its filing.</font></p>    </td>   </tr>
<tr>
<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.04%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.36%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font></p>    </td>
<td width="90%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:90.6%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amount   Previously Paid:</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.36%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.36%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form,   Schedule or Registration Statement No.:</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.36%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="90%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:90.6%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.36%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)</font></p>    </td>
<td width="90%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:90.6%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Filing   Party:</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.36%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="90%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:90.6%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.36%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(4)</font></p>    </td>
<td width="90%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:90.6%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date   Filed:</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.36%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="90%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:90.6%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade align="left" style="color:#010101;"></div>
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<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" color="#231f20" face="Arial" style="color:#231F20;font-size:17.0pt;font-weight:bold;">*** Exercise Your <i>Right </i>to Vote ***</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" color="#231f20" face="Arial" style="color:#231F20;font-size:12.0pt;font-weight:bold;">Important Notice Regarding the Availability of Proxy Materials for the</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" color="#231f20" face="Arial" style="color:#231F20;font-size:12.0pt;font-weight:bold;">Shareholder Meeting to Be Held on April&nbsp;27, 2017.</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="99%" style="border-collapse:collapse;">
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<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.02%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border-bottom:none;border-left:none;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.98%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:2.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" color="#231f20" face="Arial" style="color:#231F20;font-size:11.0pt;font-weight:bold;">Meeting Information</font></u></b></p>    </td>   </tr>
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<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.02%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" color="#231f20" face="Arial" style="color:#231F20;font-size:12.0pt;font-weight:bold;">MATSON,&nbsp;INC.</font></b></p>    </td>
<td width="2%" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:48.98%;">
<p style="margin:4.0pt 0in .0001pt .05in;"><b><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:9.0pt;font-weight:bold;">Meeting Type:</font></b><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:9.0pt;">Annual   Meeting</font></p>
<p style="margin:4.0pt 0in .0001pt .05in;"><b><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:9.0pt;font-weight:bold;">For holders as of:</font></b><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:9.0pt;">&nbsp;</font><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:9.0pt;">February&nbsp;21, 2017</font></p>
<p style="margin:4.0pt 0in .0001pt .05in;"><b><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:9.0pt;font-weight:bold;">Date:&nbsp; </font></b><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:9.0pt;">April&nbsp;27,   2017&nbsp;&nbsp;&nbsp;&nbsp; <b>Time:&nbsp; </b>8:30 AM HST</font></p>
<p style="margin:4.0pt 0in .0001pt .05in;"><b><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:9.0pt;font-weight:bold;position:relative;top:-1.0pt;">Location:&nbsp; </font></b><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:9.0pt;">Bankers Club</font></p>
<p style="margin:0in 0in .0001pt 49.05pt;"><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:9.0pt;">First   Hawaiian Center, 30th Fl</font></p>
<p style="margin:0in 0in .0001pt 48.95pt;"><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:9.0pt;">999   Bishop Street</font></p>
<p style="margin:0in 0in .0001pt 48.95pt;"><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:9.0pt;">Honolulu,   Hawaii</font></p>    </td>   </tr>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" color="#231f20" face="Times New Roman" style="color:#231F20;font-size:5.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:5.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.98%;">
<p style="margin:0in 0in .0001pt .05in;"><b><font size="1" color="#231f20" face="Times New Roman" style="color:#231F20;font-size:5.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
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<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.02%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" color="#231f20" face="Arial" style="color:#231F20;font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.98%;">
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" color="#231f20" face="Arial" style="color:#231F20;font-size:9.5pt;">You are receiving this communication because you hold shares   in the company named above.</font></p>
<p style="margin:0in 0in .0001pt .05in;text-align:justify;"><b><font size="1" color="#231f20" face="Times New Roman" style="color:#231F20;font-size:5.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" color="#231f20" face="Arial" style="color:#231F20;font-size:9.5pt;">This   is not a ballot. You cannot use this notice to vote these shares.&nbsp; This communication presents only an   overview of the more complete proxy materials that are available to you on   the Internet. You may view the proxy materials online at <i>www.proxyvote.com   </i>or easily request a paper copy (see reverse side).</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="1" color="#231f20" face="Times New Roman" style="color:#231F20;font-size:5.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" color="#231f20" face="Arial" style="color:#231F20;font-size:9.5pt;">We encourage you to access and review all of the important   information contained in the proxy materials before voting.</font></p>    </td>   </tr>
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<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.02%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" color="#231f20" face="Arial" style="color:#231F20;font-size:12.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" color="#231f20" face="Arial" style="color:#231F20;font-size:9.5pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.02%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" color="#231f20" face="Arial" style="color:#231F20;font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" bgcolor="#FFFF00" style="background:black;padding:0in 0in 0in 0in;width:48.98%;">
<p style="margin:0in 1.45pt .0001pt;text-align:justify;"><b><font size="2" color="white" face="Times New Roman" style="color:white;font-size:11.0pt;font-weight:bold;">See the reverse side of this   notice to obtain proxy materials and voting instructions.</font></b></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="5" color="#231f20" face="Arial" style="color:#231F20;font-size:18.0pt;">&#151;<b>&#160;&#160;&#160; Before You Vote&#160;&#160;&#160; </b>&#151;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="3" color="#231f20" face="Arial" style="color:#231F20;font-size:12.0pt;">How to Access the Proxy Materials</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" color="#231f20" face="Times New Roman" style="color:#231F20;font-size:5.0pt;font-weight:bold;">&nbsp;</font></b></p>
<table border="1" cellspacing="0" cellpadding="0" width="100%" style="border:none;border-collapse:collapse;">
<tr>
<td width="100%" valign="top" style="border:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:100.0%;">
<p style="margin:0in 0in .0001pt 5.75pt;"><b><font size="1" color="#231f20" face="Times New Roman" style="color:#231F20;font-size:5.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p style="margin:0in 0in .0001pt 5.75pt;"><b><font size="2" color="#231f20" face="Arial" style="color:#231F20;font-size:10.0pt;font-weight:bold;">Proxy Materials Available to VIEW or RECEIVE:</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:3.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt 5.75pt;"><font size="2" color="#231f20" face="Arial" style="color:#231F20;font-size:10.0pt;">1. Annual Report&nbsp;&amp; Form&nbsp;10-K</font><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color="#231f20" face="Arial" style="color:#231F20;">2. Notice of   Meeting&nbsp;&amp; Proxy Statement</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 5.75pt;"><b><font size="2" color="#231f20" face="Arial" style="color:#231F20;font-size:10.0pt;font-weight:bold;">How to View Online:</font></b></p>
<p style="margin:0in 0in .0001pt 5.75pt;"><font size="2" color="#231f20" face="Arial" style="color:#231F20;font-size:10.0pt;">Have   the information that is printed in the box marked by the arrow <font style="position:relative;top:3.0pt;"><img width="131" height="12" src="g22652bci001.gif"></font>&nbsp;(located on the following page) and visit: <i>www.proxyvote .com.</i></font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 5.75pt;"><b><font size="2" color="#231f20" face="Arial" style="color:#231F20;font-size:10.0pt;font-weight:bold;">How to Request and Receive a PAPER or E-MAIL Copy:</font></b></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt 5.75pt;"><font size="2" color="#231f20" face="Arial" style="color:#231F20;font-size:10.0pt;position:relative;top:-.5pt;">If you want to receive a   paper or e-mail copy of these documents, you must request one. There is NO   charge for</font><font face="Arial">&nbsp;</font><font color="#231f20" face="Arial" style="color:#231F20;">requesting a copy. Please choose one of the   following methods to make your request:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.75pt;"><font size="2" color="#231f20" face="Arial" style="color:#231F20;font-size:10.0pt;">1) <i>BY INTERNET</i>:</font><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color="#231f20" face="Arial" style="color:#231F20;">www.proxyvote.com</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.75pt;"><font size="2" color="#231f20" face="Arial" style="color:#231F20;font-size:10.0pt;">2) <i>BY TELEPHONE</i>:</font><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color="#231f20" face="Arial" style="color:#231F20;">1-800-579-1639</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.75pt;"><font size="2" color="#231f20" face="Arial" style="color:#231F20;font-size:10.0pt;position:relative;top:-.5pt;">3)   <i>BY E-MAIL*</i>:</font><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:3.0pt;position:relative;top:-.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color="#231f20" face="Arial" style="color:#231F20;position:relative;top:-.5pt;">&nbsp;&nbsp; &nbsp;&nbsp;</font><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:5.0pt;position:relative;top:-.5pt;">&nbsp;</font><font color="#231f20" face="Arial" style="color:#231F20;position:relative;top:-.5pt;">sendmaterial@proxyvote.com</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt 5.75pt;"><font size="2" color="#231f20" face="Arial" style="color:#231F20;font-size:10.0pt;">*&nbsp; If requesting materials by e-mail, please   send a blank e-mail with the information that is printed in the box marked by   the arrow <font style="position:relative;top:3.0pt;"><img width="131" height="12" src="g22652bci001.gif"></font></font><font face="Arial">&nbsp;</font><font color="#231f20" face="Arial" style="color:#231F20;">(located on the following page) in the subject   line.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 5.75pt;"><font size="2" color="#231f20" face="Arial" style="color:#231F20;font-size:10.0pt;">Requests, instructions and other inquiries sent to this e-mail   address will NOT be forwarded to your investment advisor. Please make the   request as instructed above on or before April&nbsp;13, 2017 to facilitate   timely delivery.</font></p>
<p style="margin:0in 0in .0001pt 5.75pt;"><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:5.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt 1.0pt;text-align:center;"><font size="5" color="#231f20" face="Arial" style="color:#231F20;font-size:18.0pt;">&#151;<b>&#160;&#160;&#160; How To Vote&#160;&#160;&#160; </b>&#151;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="3" color="#231f20" face="Arial" style="color:#231F20;font-size:12.0pt;">Please Choose One of the Following Voting Methods</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:5.0pt;">&nbsp;</font></p>
<table border="1" cellspacing="0" cellpadding="0" width="100%" style="border:none;border-collapse:collapse;">
<tr>
<td width="100%" valign="top" style="border:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:100.0%;">
<p style="margin:0in 5.75pt .0001pt;text-align:justify;"><b><font size="1" color="#231f20" face="Times New Roman" style="color:#231F20;font-size:5.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p style="font-size:10.0pt;margin:0in 5.75pt .0001pt;text-align:justify;"><b><font size="2" color="#231f20" face="Arial" style="color:#231F20;font-size:10.0pt;font-weight:bold;">Vote In Person:&nbsp; </font></b><font color="#231f20" face="Arial" style="color:#231F20;">Many shareholder meetings have attendance   requirements including, but not limited to, the possession of an attendance   ticket issued by the entity holding the meeting. Please check the meeting   materials for any special requirements for meeting attendance. At the   meeting, you will need to request a ballot to vote these shares.</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="1" color="#231f20" face="Times New Roman" style="color:#231F20;font-size:5.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p style="font-size:10.0pt;margin:0in 5.75pt .0001pt;text-align:justify;"><b><font size="2" color="#231f20" face="Arial" style="color:#231F20;font-size:10.0pt;font-weight:bold;">Vote By Internet: </font></b><font color="#231f20" face="Arial" style="color:#231F20;">To vote now by   Internet, go to <i>www.proxyvote.com. </i>Have the   information that is printed in the box marked by the arrow <font style="position:relative;top:3.0pt;"><img width="131" height="13" src="g22652bci002.gif"></font></font><font face="Arial">&nbsp;</font><font color="#231f20" face="Arial" style="color:#231F20;">(located on the following page) available and follow   the instructions.</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="1" color="#231f20" face="Times New Roman" style="color:#231F20;font-size:5.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p style="font-size:10.0pt;margin:0in 5.75pt .0001pt;text-align:justify;"><b><font size="2" color="#231f20" face="Arial" style="color:#231F20;font-size:10.0pt;font-weight:bold;">Vote By Mail: </font></b><font color="#231f20" face="Arial" style="color:#231F20;">You can vote by mail by   requesting a paper copy of the materials, which will include a proxy card.</font></p>
<p style="margin:0in 5.75pt .0001pt;text-align:justify;"><b><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:4.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="99%" style="border-collapse:collapse;margin-left:1.5pt;">
<tr>
<td width="23%" valign="top" style="border:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:23.14%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" color="#231f20" face="Times New Roman" style="color:#231F20;font-size:2.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:8.0pt;font-weight:bold;">Voting Items</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:2.0pt;">&nbsp;</font></p>    </td>
<td width="76%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:76.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0pt;"><b><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:7.0pt;font-weight:bold;">The Board of Directors recommends you vote FOR</font></b><font face="Arial">  </font><b><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:7.0pt;font-weight:bold;">the following:</font></b></p>
<p style="margin:0in 0in .0001pt 1.0pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:7.0pt;">1.</font><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:7.0pt;">Election of Directors</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;"><b><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:7.0pt;font-weight:bold;">Nominees:</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
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<p style="margin:0in 0in .0001pt;"><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:7.0pt;">01) W. Blake Baird</font></p>    </td>
<td width="80%" valign="top" style="padding:0in 0in 0in 0in;width:80.94%;">
<p style="margin:0in 0in .0001pt;"><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:7.0pt;">05) Stanley M. Kuriyama</font></p>    </td>   </tr>
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<td width="19%" valign="top" style="padding:0in 0in 0in 0in;width:19.06%;">
<p style="margin:2.0pt 0in .0001pt;"><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:7.0pt;">02)   Michael J. Chun</font></p>    </td>
<td width="80%" valign="top" style="padding:0in 0in 0in 0in;width:80.94%;">
<p style="margin:2.0pt 0in .0001pt;"><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:7.0pt;">06)   Constance H. Lau</font></p>    </td>   </tr>
<tr>
<td width="19%" valign="top" style="padding:0in 0in 0in 0in;width:19.06%;">
<p style="margin:2.0pt 0in .0001pt;"><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:7.0pt;">03)   Matthew J. Cox</font></p>    </td>
<td width="80%" valign="top" style="padding:0in 0in 0in 0in;width:80.94%;">
<p style="margin:2.0pt 0in .0001pt;"><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:7.0pt;">07)   Jeffrey N. Watanabe</font></p>    </td>   </tr>
<tr>
<td width="19%" valign="top" style="padding:0in 0in 0in 0in;width:19.06%;">
<p style="margin:2.0pt 0in .0001pt;"><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:7.0pt;">04)   Thomas B. Fargo</font></p>    </td>
<td width="80%" valign="top" style="padding:0in 0in 0in 0in;width:80.94%;">
<p style="margin:2.0pt 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:7.0pt;font-weight:bold;">The Board of Directors recommends you vote FOR proposals 2 and 4 and for ONE YEAR on proposal 3:</font></b></p>
<p style="margin:0in 0in .0001pt 1.0pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:7.0pt;">2.</font><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:7.0pt;">Advisory vote to approve executive compensation.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:7.0pt;">3.</font><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:7.0pt;">Advisory vote on the frequency of advisory votes on executive compensation.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:7.0pt;">4.</font><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:7.0pt;">To ratify the appointment of Deloitte&nbsp;&amp; Touche&#160; LLP as the Company&#146;s independent registered public accounting firm for the year ending December&nbsp;31, 2017.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:7.0pt;font-weight:bold;">NOTE: </font></b><font size="1" color="#231f20" face="Arial" style="color:#231F20;font-size:7.0pt;">In their discretion, the proxies are authorized to vote upon such other matters as may properly be brought before the meeting or any adjournment or postponement thereof.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
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