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News Release

June 27, 2011

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MOL to Expand Large-scale Containership Fleet

News Release MOL (Europe) B.V. (European Head Office) June 27, 2011
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=center><B><SPAN style="FONT-FAMILY: Arial">MOL to Expand Large-scale
Containership Fleet </SPAN></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=center><B><SPAN style="FONT-FAMILY: Arial"><BR></SPAN></B><B><SPAN
style="FONT-FAMILY: Arial">- Building 2 New 8,600TEU Containerships, Chartering
5 Large 14,000TEU Ships -</SPAN></B></P>
<P style="LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt" class=MsoBodyText><FONT
face=Arial><STRONG><SPAN style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt"
lang=EN-US></SPAN></STRONG></FONT>&nbsp;</P>
<P style="LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt" class=MsoBodyText><FONT
face=Arial><STRONG><SPAN style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt"
lang=EN-US>ROTTERDAM</SPAN><SPAN style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt"
lang=EN-US>, 27 June 2011</SPAN></STRONG><SPAN
style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US> &#8211;
Mitsui O.S.K. Lines, Ltd. (MOL: President: Koichi Muto) today announced a
decision to order two containerships (8,600 TEU) from Mitsubishi Heavy
Industries, Ltd., with delivery slated for 2013. Along with eight 8,100 TEU
ships already in operation, the new vessels will be deployed to Asia-Europe
routes. </SPAN></FONT></P><FONT face=Arial><SPAN
style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US>
<P style="LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt" class=MsoBodyText><SPAN
style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt; FONT-WEIGHT: normal"
lang=EN-US></SPAN>&nbsp;</P>
<P style="LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt" class=MsoBodyText><SPAN
style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US>The
company also reached an agreement with NOL Group* for a three-year charter of
five large containerships (14,000 TEU) of 10 that NOL Group has on order. The
five chartered ships will be delivered in 2013 &#8211; 2014 and will serve with the
other five operated by APL on Asia-Europe routes.</SPAN></P>
<P style="LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt" class=MsoBodyText><SPAN
style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt; FONT-WEIGHT: normal"
lang=EN-US></SPAN>&nbsp;</P>
<P style="LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt" class=MsoBodyText><SPAN
style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt; FONT-WEIGHT: normal"
lang=EN-US>&#8220;Expansion of the fleet will secure needed capacity on the East-West
route, and allow us to provide high-quality, competitive services. MOL works
continuously to further improve and optimise its service, and is reviewing the
need for an expansion of the fleet on not only East-West trades but also all
other routes for the benefit of our customers,&#8221; said Junichiro Ikeda, CEO, MOL
Liner.</SPAN></P>
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style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt; FONT-WEIGHT: normal"
lang=EN-US></SPAN>&nbsp;</P>
<P style="LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt" class=MsoBodyText><SPAN
style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US>(*)
NOL (Neptune Orient Lines), based in Singapore, is the parent company of APL,
one of MOL&#8217;s partners in The New World Alliance
(TNWA).</SPAN></P></SPAN></FONT></DIV></BODY></HTML>