HAWAIIAN ELECTRIC INDUSTRIES TO ANNOUNCE FOURTH QUARTER AND FULL YEAR 2021 RESULTS ON FEBRUARY 14; US SAVINGS BANK TO ANNOUNCE 2021 RESULTS ON JANUARY 28 |

HONOLULU, January 14, 2022 /PRNewswire/ — Hawaiian Electric Industries, Inc. (HEI) (NYSE: HE) will announce its fourth quarter and full year 2021 financial results on monday 14 february. In addition, American Savings Bank, FSB (American), an indirect wholly-owned subsidiary of HEI, will announce its fourth quarter and full year 2021 financial results on friday january 28.

HEI will host a webcast and conference call to discuss fourth quarter and full year 2021 consolidated results, 2022 earnings guidance and regulatory and other matters on Monday, February 14 at 11:15 a.m. Hawaii time (4:15 p.m. Eastern Time).

To listen to the conference call, dial 1-844-200-6205 (U.S.) or 1-929-526-1599 (international) and enter passcode 718780. Parties can also access presentation materials and/or listen to the conference call by visiting the conference call link on HEI’s website at www.hei.com under “Investor Relations”, subheading “News and Events – Events and Presentations”.

A replay will be available online and by phone. The online replay will be available on the HEI website approximately two hours after the event. An audio replay will also be available approximately two hours after the event via February 28. To access the audio replay, dial 1-866-813-9403 (US) or (44) 204-525-0658 (international) and enter passcode 312244.

HEI and Hawaiian Electric Company, Inc. (Hawaiian Electric) intend to continue to use the HEI website, www.hei.com, as a means of disclosing additional information; such disclosures will be included in the Investor Relations section of the website. Accordingly, investors should regularly monitor the Investor Relations section of the HEI website, in addition to following HEI, Hawaiian Electric and American press releases, HEI and Hawaiian Electric filings with the Securities and Exchange Commission (SEC) and HEI’s public webcasts and conference calls. Investors can sign up to receive e-mail alerts via the “Investor Relations” section of the site. Information on HEI’s website is not incorporated by reference herein or in documents filed with the SEC by HEI and Hawaiian Electric unless, and except to the extent, it is specifically incorporated by reference.

Investors may also refer to the Public Utilities Commission of state of hawaii (PUC) at dms.puc.hawaii.gov/dms to review documents filed with and issued by the PUC. Nothing on PUC’s website is incorporated by reference in this document or in the filings with the SEC by HEI and Hawaiian Electric.

About HEIs

The HEI family of companies provides the energy and financial services that power much of the economic and community activity of Hawaii. HEI’s electric utility, Hawaiian Electric, provides electricity to approximately 95% of Hawaii population and is undertaking an ambitious effort to decarbonize its operations and the broader state economy. Its banking subsidiary, American Savings Bank, is one of Hawaii largest financial institutions, offering a wide range of banking and other financial services and striving to advance economic growth, affordability and financial health. HEI also helps advance Hawaii Sustainable Development Goals through investments from its non-regulated subsidiary, Pacific Current. For more information, visit www.hei.com.

Contact person: Julie Smolinski

Phone: (808) 543-7300

Vice President, Investor Relations and Corporate Sustainability

Email: [email protected]

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SOURCE Hawaiian Electric Industries, Inc.

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