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News Release

April 29, 2011

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MOL Revamps NKX India-Karachi Service

News Release MOL (Europe) B.V. (European Head Office) April 29, 2011
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<DIV><SPAN style="FONT-FAMILY: Arial; COLOR: black" lang=ES><FONT
size=3><STRONG>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoBodyText><SPAN><STRONG>ROTTERDAM, 27
April 2011 &#8211; </STRONG><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt">Mitsui O.S.K. Lines,
Ltd. (MOL; President: Koichi Muto) today announced the upgrading of its
Singapore-Nhava Sheva-Karachi Service (NKX) into two new loops: &#8220;NCX&#8221; linking
China and Nhava Sheva, and KPX connecting Singapore with Pipavav and
Karachi.</SPAN></SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoBodyText><SPAN><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"></SPAN></SPAN>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoBodyText><SPAN><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt">NCX will be MOL&#8217;s
first direct service linking Shanghai and Shenzhen, China, and Nhava Sheva on
India&#8217;s west coast. With NCX, MOL will enhance its service network by offering
stable and high-quality direct service to meet rapid growth in the Chinese and
Indian markets.</SPAN></SPAN></SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoBodyText><SPAN><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"></SPAN></SPAN></SPAN>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoBodyText><SPAN><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt">KPX will serve
Karachi, Pakistan, and Pipavav on India&#8217;s west
coast.</SPAN></SPAN></SPAN></SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoBodyText><SPAN><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"></SPAN></SPAN></SPAN></SPAN>&nbsp;</P><SPAN><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt">
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt">The service will not
only cater to increasing demand in Pakistan&#8217;s market, but also cover the port of
Pipavav, which has great potential as a gateway port to India&#8217;s growing inland
markets.</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"></SPAN>&nbsp;</P><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt">
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt">MOL will continue to
enhance its service network in emerging market in accordance with the midterm
management plan &#8220;GEAR UP! MOL.&#8221;</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"></SPAN>&nbsp;</P><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt">
<P style="TEXT-ALIGN: left; TEXT-INDENT: -21pt; MARGIN: 0cm 0cm 0pt 21pt"
class=1 align=left><SPAN
style="FONT-FAMILY: Wingdings; COLOR: black; FONT-SIZE: 10pt"
lang=EN-US><SPAN>u<SPAN
style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</SPAN></SPAN></SPAN><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"
lang=EN-US>Rotation</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt 18.65pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt" lang=DA>NCX : Shanghai
(Thu/Fri), Da Chan Bay (Sun/Sun), Hong Kong (Mon/Mon), Singapore (Fri/Sat),
Nhava Sheva (Thu/Fri), Port Kelang (Thu/Thu), Singapore (Fri/Fri),
Shanghai</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt 18.65pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"
lang=DA></SPAN>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt 18.65pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt" lang=DA></SPAN><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt" lang=DA>KPX :
Singapore (Fri/Sat), Pipavav (Sat/Sat), Karachi (Sun/Tue), Colombo (Sat/Sat),
Penang (Wed/Wed), Port Kelang (Thu/Fri), Singapore</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt 18.65pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"
lang=DA></SPAN>&nbsp;</P><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt" lang=DA>
<P style="TEXT-ALIGN: left; TEXT-INDENT: -21pt; MARGIN: 0cm 0cm 0pt 21pt"
class=1 align=left><SPAN
style="FONT-FAMILY: Wingdings; COLOR: black; FONT-SIZE: 10pt"
lang=EN-US><SPAN>u<SPAN
style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</SPAN></SPAN></SPAN><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt" lang=EN-US>Assigned
vessels</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt 21pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt" lang=DA>NCX: 2,500 TEU
x 4</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt 18.65pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt" lang=DA>KPX: 2,500 TEU
x 3</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt 18.65pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"
lang=DA></SPAN>&nbsp;</P><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt" lang=DA>
<P style="TEXT-ALIGN: left; TEXT-INDENT: -21pt; MARGIN: 0cm 0cm 0pt 21pt"
class=1 align=left><SPAN
style="FONT-FAMILY: Wingdings; COLOR: black; FONT-SIZE: 10pt"
lang=EN-US><SPAN>u<SPAN
style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</SPAN></SPAN></SPAN><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt" lang=EN-US>Start of
service</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt 21pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt">NCX: 1<SUP>st</SUP>
vessel ETA Shanghai May 19</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt 18.65pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt">KPX: 1<SUP>st</SUP>
vessel ETA Singapore May
27</SPAN></P></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></STRONG></FONT></SPAN></DIV></BODY></HTML>