JOB FACTS*

U.S. subsidiaries in Hawaii have consistently supported a significant number of jobs in the state. They now employ 38,300 Hawaii workers.

In fact, the relative portion of jobs in the state supplied by U.S. subsidiaries has remained strong over time. They provide the livelihood for almost 8.4% of Hawaii's private-sector workforce. The state ranks 1st in the country in the share of its workforce supported by U.S. subsidiaries.

PROMINENT U.S. SUBSIDIARIES IN THE STATE

BNP Paribas

First Insurance Company

Kyo-Ya Company

Norwegian Cruise Line

Pacific Guardian Life Insurance Company

Sodexho Inc.

MANUFACTURING JOB FACTS

U.S. subsidiaries support 800 manufacturing jobs in Hawaii. Manufacturing companies tend to have a strong "multiplier" effect on the economy-stimulating a substantial amount of activity and jobs in other sectors through their demand for inputs from other suppliers.

Overall, almost 2.1% of jobs at U.S. subsidiaries in Hawaii are in manufacturing industries.

ONE COMPANY'S STORY

Norwegian Cruise Line, owned by Hong Kong's Star Cruises, recentlyannounced its new brand, NCL America. Under this new brand, NCL will operate its U.S. flagged ships. NCL's first U.S. flagged ship, the "Pride of America," is under construction and will be based out of Honolulu, beginning Hawaiian inter-island cruises on July 4, 2004. Together with the recently refurbished "Pride of Aloha," NCL America will generate more than $800 million for Hawaii and the U.S. and bring 10,000 jobs to Hawaii residents.