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News Release

July 29, 2011

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MOL Announces Upgrade in CX1 Service Linking Panama, Manaus

News Release MOL (Europe) B.V. (European Head Office) July 29, 2011
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<DIV><SPAN style="FONT-FAMILY: Arial">&nbsp;
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><FONT
size=2><SPAN><STRONG>ROTTERDAM, 29 July 2011 &#8211; </STRONG></SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Mitsui O.S.K. Lines, Ltd. (MOL;
President: Koichi Muto) today announced upgrade of its CX1 feeder service
between Panama and Manaus and the beginning of independent operation on the
route.</SPAN></FONT></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><FONT size=2><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"></SPAN></FONT>&nbsp;</P><FONT
size=2><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">The move will provide additional
space on this rapidly growing trade with four 1,700 TEU ships and stabilize the
schedule to boost service quality.</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"></SPAN>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Calling ports and transit times
remain unchanged from the existing service.</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"></SPAN>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">The expanded feeder capacity will
enable MOL to accommodate additional peak season demand. </SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"></SPAN>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#8220;Assuming total space and operating
control, MOL will be able to enhance its already exceptional service to Manaus
with even more reliable relay connections and strong on-time delivery&#8221; said MOL
Liner Chief Operating Officer, T.K. Konishi.</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">&lt;Service Outline&gt;</SPAN></P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: -21pt; MARGIN: 0cm 0cm 0pt 21pt"
class=a align=left><SPAN style="FONT-FAMILY: Wingdings; FONT-SIZE: 10pt"
lang=EN-US><SPAN>n<SPAN
style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</SPAN></SPAN></SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"
lang=EN-US>Vessels</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt 9.35pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Four 1,700 TEU
containerships</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"></SPAN>&nbsp;</P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: -21pt; MARGIN: 0cm 0cm 0pt 21pt"
class=a align=left><SPAN style="FONT-FAMILY: Wingdings; FONT-SIZE: 10pt"
lang=EN-US><SPAN>n<SPAN
style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</SPAN></SPAN></SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"
lang=EN-US>Service rotation</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt 9.35pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Manzanillo (Panama) (Thu/Fri) &#8211;
Manaus (Brazil) (Mon/Wed) &#8211; Vila do Conde (Brazil) (Mon/Tue) &#8211; Manzanillo
(Panama) (Thu/Fri)</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"></SPAN>&nbsp;</P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: -21pt; MARGIN: 0cm 0cm 0pt 21pt"
class=a align=left><SPAN style="FONT-FAMILY: Wingdings; FONT-SIZE: 10pt"
lang=EN-US><SPAN>n<SPAN
style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</SPAN></SPAN></SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"
lang=EN-US>Commencement</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt 9.35pt" class=MsoNormal><I><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">Mando</SPAN></I><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">, departing Manzanillo on August
12</SPAN></P></SPAN></FONT></SPAN></DIV></BODY></HTML>