November 25, 2003

HONOLULU -- Hawaiian Electric Industries, Inc. (NYSE - HE) today announced that its Tuesday, December 2, 2003, financial analyst presentation in New York will be broadcast live on its website and via teleconference beginning at approximately 12:45 p.m. EST. The event can be accessed through HEI's website at http://www.hei.com or by dialing (913) 981-5543 for the teleconference call.

An online replay will be available at the same website beginning about two hours after the event and continuing through Tuesday, December 16, 2003. Replays of the teleconference call will also be available approximately two hours after the event through Tuesday, December 16, 2003, by dialing (888) 203-1112, pass code: 301916.

HEI strives to provide value to its shareholders, its customers and the Hawaii community through a unique combination of operating companies - a utility and a bank. HEI provides electric utility services to 95% of Hawaii's residents and a wide array of banking services to consumers and businesses through the state's third largest bank.