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Bank of Hawaii Lowers Base Lending Rate

Wednesday, April 30, 2008

Honolulu, Hawaii (April 30, 2008) - Bank of Hawaii, the principal subsidiary of Bank of Hawaii Corporation (NYSE:BOH), has announced that it will lower its base lending rate to 5.00 percent, down from 5.25 percent, effective May 1, 2008.

Bank of Hawaii’s move follows the rate decrease of one-quarter of a percent announced April 30, 2008 by the Federal Reserve.

Bank of Hawaii provides comprehensive financial services to businesses, consumers and governments in Hawaii, the West Pacific and American Samoa.