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News Release

July 29, 2011

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MOL Enhances Asia-East Coast South America Service (CSW)

News Release MOL (Europe) B.V. (European Head Office) July 29, 2011
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<DIV><SPAN style="COLOR: black; FONT-SIZE: 15pt"><FONT
face="Times New Roman">&nbsp;
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><FONT size=2><FONT
face=Arial><SPAN><STRONG>ROTTERDAM, 28<SUP>th</SUP> July 2011 &#8211;
</STRONG></SPAN><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt">Mitsui O.S.K. Lines,
Ltd. (MOL; President: Koichi Muto) today announced an upgrade to its Asia-East
Coast South America Service (CSW). From July 2011 through 2012, MOL will launch
a total of 10 new 5,600 TEU containerships w</SPAN><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt">hich will replace its
currently-operated vessels on the CSW.</SPAN></FONT></FONT></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><FONT size=2><FONT
face=Arial><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"></SPAN></FONT></FONT>&nbsp;</P><FONT
size=2><FONT face=Arial><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 newbuilding ships
will adopt a new wide-beam and shallow-draft design, featuring high loading
capacity and compatibility with shallow-draft ports in South America, as well as
superior fuel efficiency.</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"></SPAN>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt">Moreover, effective
July 2011, MOL will assign an additional ship to CSW with a total of 13 ships,
which allows sufficient time and enhance the schedule stability with a revised
schedule.</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"></SPAN>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt">Along with the fleet
expansion, MOL will begin chartering space to a consortium of Nippon Yusen
Kabushiki Kaisha (NYK Line), Kawasaki Kisen Kaisha, Ltd. (&#8220;K&#8221; Line), Hyundai
Merchant Marine Co., Ltd. (HMM), and Pacific International Line
(PIL).(*)</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"></SPAN>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt">MOL is constantly
working to offer efficient, high-quality services and reliable schedules to meet
a wide variety of customer needs.</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"></SPAN>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: 'MS PGothic'; COLOR: black; FONT-SIZE: 10pt"><FONT
face="Times New Roman">?</FONT></SPAN><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"> Main specifications
of 5,600TEU newbuilding containerships</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt 9.35pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt">Capacity:
71,407mt</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt 9.35pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt">Length:
275.1m</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt 9.35pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt">Breadth:
40m</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt 9.35pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt">Draft:
14.00m</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt 9.35pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt">Shipyard: Hyundai
Samho Heavy Industry Co., Ltd. (South Korea)</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"></SPAN>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: 'MS PGothic'; COLOR: black; FONT-SIZE: 10pt"><FONT
face="Times New Roman">?</FONT></SPAN><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"> New CSW service
rotation (13 ships, 91 days turnaround)</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt 9.35pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt">Xingang (Wed/Wed),
Dalian (Thu/Fri), Qingdao (Sat/Sat), Pusan (Mon/Mon), Shanghai (Fri/Sat), Hong
Kong (Mon/Mon), Singapore (Fri/Sat), Santos (Sat/Sun), Buenos Aires (Tue/Wed),
Montevideo (Thu/Thu), Paranagua (Sun/Sun), Sao Francisco Do Sul (Mon/Mon),
Santos (Tue/Wed), Rio De Janeiro (Thu/Fri), Cape Town (Sat/Sun), Ngqura
(Mon/Tue), Singapore (Thu/Fri), Hong Kong (Wed/Wed) and Xingang
(Wed).<B></B></SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"></SPAN>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt">(*)</SPAN><SPAN
style="FONT-FAMILY: Arial; COLOR: red; FONT-SIZE: 10pt"> </SPAN><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt">Start of chartering
space to the consortium: </SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"><SPAN>&nbsp;&nbsp;
</SPAN></SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Departure of
<I>MOL Distinction</I> from Shanghai on July 9,
2011</SPAN></P></SPAN></FONT></FONT></FONT></SPAN></DIV></BODY></HTML>