1 Exhibit 12 GTE HAWAIIAN TELEPHONE COMPANY INCORPORATED AND SUBSIDIARIES Statement of the Consolidated Ratio of Earnings to Fixed Charges (Unaudited) (Dollars in Millions) Six Months Ended June 30, 1999 -------------------- Net earnings available for fixed charges: Income from continuing operations $ 51.6 Add - Income taxes 25.6 - Fixed charges 21.7 ------------ Adjusted earnings $ 98.9 ============ Fixed charges: Interest expense $ 20.1 Portion of rent expense representing interest 1.6 ------------ Adjusted fixed charges $ 21.7 ============ RATIO OF EARNINGS TO FIXED CHARGES 4.56