HAWAIIAN ELEC INDUSTRIES

Ticker: HE CUSIP: 419870100 Class: COM

Royal Fund Management, LLC's Holding History (CIK: 0001810099)

Note: Option positions (PUT/CALL) are excluded.

Q1 2018

Shares 300 Value ($000) $10 Avg Close $33.79 Range $31.72 - $36.22

Q4 2017

Shares 300 Value ($000) $10 Avg Close $36.20 Range $33.30 - $38.72

Q3 2017

Shares 300 Value ($000) $10 Avg Close $33.08 Range $31.71 - $34.64

Q2 2017

Shares 300 Value ($000) $9 Avg Close $33.26 Range $32.01 - $34.08

Q1 2017

Shares 300 Value ($000) $9 Avg Close $33.18 Range $32.32 - $33.94

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2018	300	$10	$33.79	$31.72 - $36.22
Q4 2017	300	$10	$36.20	$33.30 - $38.72
Q3 2017	300	$10	$33.08	$31.71 - $34.64
Q2 2017	300	$9	$33.26	$32.01 - $34.08
Q1 2017	300	$9	$33.18	$32.32 - $33.94