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July 8, 2011

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The New World Alliance to Suspend Transpacific Service (PSW)

News Release APL Co Pte Ltd (Asia Corporate Office) July 8, 2011
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<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US><SPAN><STRONG>Seoul,
Singapore, Tokyo, 8 July 2011</STRONG></SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US> - </SPAN>The New World
Alliance (TNWA) &#8211; APL Co. Pte Ltd (APL),</SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US> </SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>Hyundai Merchant Marine
(HMM) and Mitsui OSK Lines (MOL)</SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US> </SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>today
announced</SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>
s</SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>uspension
of the PSW </SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>Transpacific service</SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US> (</SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>Pacific Southwest
Service).</SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US></SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US></SPAN>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>PSW</SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US> provided service between
</SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>Taiwan/South
China/Korea and Los Angeles/Oakland and </SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>employed </SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>five </SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>ships</SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US> </SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>with capacity of
</SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>4</SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>,</SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>6</SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>00-</SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>4,700</SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US> TEU </SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>operated by HMM.</SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>The TNWA will continue to
provide services between these locations with other deployments.</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US></SPAN>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>The last </SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>ea</SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>stbound sailing of
</SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>PSW</SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US> will depart</SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US> </SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>Pusan</SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US> on 14 </SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>July 2011</SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>.&nbsp; </SPAN><B><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>-END-</SPAN></B><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US></SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US><STRONG><SPAN
style="FONT-FAMILY: Arial; FONT-WEIGHT: normal"></SPAN></STRONG></SPAN>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><STRONG><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>About The New World
Alliance</SPAN></STRONG><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US> <BR>TNWA member lines APL Co. Pte Ltd (APL), Hyundai Merchant Marine
(HMM) and Mitsui OSK Lines (MOL), serve all locations on the major East-West
container trades.</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US></SPAN>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US></SPAN>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><B><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>For more information on
this announcement contact:</SPAN></B><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US></SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><B><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US></SPAN></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><STRONG><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>APL</SPAN></STRONG><B><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US><BR></SPAN></B><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>Mike
Zampa<BR></SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>Vice President</SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>, Corporate
Communications<BR>Tel: +65 6371 </SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>5022</SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US><BR>michael_zampa@apl.com</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US></SPAN>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><STRONG><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>HMM&nbsp;&nbsp;</SPAN></STRONG></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>J.H. Choi</SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US><BR>General Manager,
Liner Business Development </SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>Team</SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US><BR>Tel: +82 2 3706 5478
/ Fax: + 82 2 732 8482<BR><STRONG><SPAN
style="FONT-FAMILY: Arial; FONT-WEIGHT: normal">jangho.choi@hmm21.com</SPAN></STRONG><STRONG><U><SPAN
style="FONT-FAMILY: Arial"></SPAN></U></STRONG></SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US></SPAN>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><STRONG><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>MOL</SPAN></STRONG><B><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US><BR></SPAN></B><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>Akira
Kunimatsu<BR></SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>Vice President</SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>, Network Planning,
<BR>MOL Liner</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>Tel: +</SPAN><SPAN
lang=EN-US> </SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>81 3 3587 7337 / Fax: + 81 3 3587 7796 <BR>Tel: +</SPAN><SPAN
lang=EN-US> </SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>852 2823 8036 / Fax: + 852 2529 7039 (New numbers after Jul
11)<BR>akira.kunimatsu@mol-liner.com</SPAN></P>
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