News Release

News Release MOL (Europe) B.V. (European Head Office) March 31, 2011

ROTTERDAM, 31 March 2011 –Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced
that two of its group companies—International Marine Transport Co., Ltd. and MOL Tankship Management
Ltd. –have agreed to merge effective April 1, 2011, and continue and expand their business as MOL Ocean
Expert Co., Ltd. The merger plan was approved by the shareholders’ meetings of both companies.
The details are as follows:
1. Outline of new company
Name: MOL Ocean Expert Co., Ltd.
Address: 2-1-1 Toranomon, Minato-ku, Tokyo
Paid-in-capital: \100 million
President: Hiroki Kasai
No. of employees: 61
Main business: Management and Assignment of Japanese seafarers
2. Objectives of merger
The merger will integrate marine officers for dry bulkships, tankers, and LPG carriers belonging to both
companies under the MOL umbrella to ensure more flexibility in seafarer allocation and streamline
management.
3. Outlines of both companies (as of December 31, 2010)
Company name International Marine Transport
Co., Ltd.
MOL Tankship Management Ltd.
Founded on February 5, 1937 August 18, 1917
Address 1-9-16 Asakusabashi, Taito-ku,
Tokyo
2-1-1 Toranomon, Minato-ku,
Tokyo
Paid-in capital \100 million \100 million
Shareholders 99% owned by MOL 100% owned by MOL
Revenue (FY2009) About \2.1 billion About \1.1 billion
President Hiroki Kasai Tokuo Kotera
No. of employees 41 20