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PARKER RANCH INC. ANNOUNCES APPOINTMENT OF MARIS AS CHIEF OPERATING OFFICER & EXECUTIVE V P

WAIMEA, BIG ISLAND OF HAWAI′I – Parker Ranch Inc. Board of Directors recently announced the promotion of William “Bill” Maris to the position of Chief Operating Officer & Executive Vice President effective June 1, 2009.

Maris joined Parker Ranch, Inc. in November 2008 as its Chief Financial Officer and in January of 2009 was appointed to also serve as interim Chief Operating Officer. In his role as Chief Operating Officer, Maris will be responsible for the day-to-day operations of the ranch and developing and leading business strategy. “We are pleased to announce the promotion of Bill Maris as COO” said PRI Board Chair, Pete Moynahan. “Bill’s experience, professionalism and leadership will help guide Parker Ranch, Inc. as it continually seeks to provide support to the Parker Ranch Foundation Trust and its beneficiaries.”

Maris holds a BS in Accounting, with honors, from the University of Oregon. His experience includes both public and private corporations. “I am honored to have this opportunity to contribute to a Ranch that is part of Hawaiian history. I look forward to working on behalf of all stakeholders as the Ranch takes the next steps on a journey that began 162 years ago” said Bill Maris.

Maris has been a certified public accountant and served in a variety of senior financial positions on the mainland and in Hawai’i, including agriculture related businesses. Along with his wife Theresa, Maris is active with the Kawaihae Canoe Club and he works with a dedicated group of volunteers who assist with the monthly Twilight at Kalahuipua`a programs at Mauna Lani Resort.

Parker Ranch Inc. is a highly respected cattle ranch known for quality beef, producing ten million pounds of beef each year and ranking as the 5th largest cow-calf operation in the United States. Parker Ranch has an exceptional horse breeding program, which is recognized as one of the finest in the industry.

Sixth generation Richard Palmer Parker Smart placed the ranch in a trust prior to his death in 1992 to benefit four Waimea-based organizations with a focus towards healthcare, education and charitable support; North Hawai′i Community Hospital, Hawai′i Preparatory Academy, Parker School Trust Corporation and the Richard Smart Fund of the Hawai′i Community Foundation. For more information call 808-885-2302 or visit www.parkerranch.com.

Contact: Diane S.Quitiquit Vice President Parker Ranch, Inc. 808-885-2302 -###