Alexander & Baldwin Inc. Watch

from 10-K 9 pages Description of Registrant’s Securities

from 8-K12B 2 pages Incorporated Under the Laws of the State of Hawaii Number *0* Shares *0* Alexander & Baldwin, Inc. Common Stock Authorized Shares: 225,000,000 Shares of Common Stock, Without Par Value This Certifies That Specimen Is the Registered Holder of Zero (O) Shares of the Common Stock of Alexander & Baldwin, Inc., Without Par Value, Transferable Only on the Books of the Corporation by the Holder Hereof in Person, or by Duly Authorized Attorney, Upon Surrender of This Certificate Properly Endorsed. in Witness Whereof, the Said Corporation Has Caused This Certificate to Be Signed by Its Duly Authorized Officers This Day of . Chairman of the Board/Chief Executive Officer Treasurer/Secretary [Back of Stock Certificate] Alexander & Baldwin, Inc

from 8-K12B 9 pages Description of Capital Stock

from 8-K 61 pages A & B II, Inc. and Computershare Shareowner Services LLC, as Rights Agent Rights Agreement Dated as of June 8, 2012