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MOL Conducts Table Top Drill Centering on Grounding and Fire Involving LNG Carrier

News Release Mitsui O.S.K. Lines, Ltd. (Head Office) April 14, 2012
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<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN><STRONG>TOKYO &#8212;</STRONG> Mitsui O.S.K. Lines, Ltd. (MOL;
President: Koichi Muto) today announced the completion of a table top drill
based on the scenario of a fire in the engine room of the MOL-operated LNG
carrier <I>Grand Mereya</I> in Tsugaru Strait</SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>, resulting in the vessel
running aground. The 1<SUP>st</SUP> Regional Coast Guard Headquarters also
cooperated in the drill, one of a regular series of events to help MOL prepare
for unexpected incidents at sea.</P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US></SPAN>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>The
drill, held Tuesday, April 10, was aimed at strengthening MOL's emergency
response structure based on the MOL Group Corporate Principles &#8212; protecting the
environment by maintaining strict, safe operation and navigation
standards.</SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US></SPAN>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>Specifically, the exercise was designed to confirm the precise,
smooth communication and response so critical in case of an incident involving
LNG carriers in the waters off Japan.</P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US></SPAN>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>Main
participants included:</SPAN></P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: -14.2pt; MARGIN: 0cm 0cm 0pt 14.2pt"
class=MsoNormal align=left><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 11pt"
lang=EN-US><SPAN>&#8226;<SPAN
style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</SPAN></SPAN></SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>1<SUP>st</SUP> Regional Coast Guard Headquarters</SPAN></P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 18pt"
class=MsoNormal align=left><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 11pt"
lang=EN-US><SPAN>&#8226;<SPAN
style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</SPAN></SPAN></SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>Mitsui O.S.K. Lines: President Koichi Muto was appointed as Executive
Commander of the Emergency Control Headquarters. Participants from the MOL Head
Office in Tokyo included eight executive officers and personnel from other
related divisions</SPAN></P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: -14.2pt; MARGIN: 0cm 0cm 0pt 14.2pt"
class=MsoNormal align=left><SPAN style="FONT-FAMILY: Verdana; FONT-SIZE: 11pt"
lang=EN-US><SPAN>&#8226;<SPAN
style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</SPAN></SPAN></SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>Ship management company: MOL LNG Transport Co., Ltd.</P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN></SPAN>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN>The drill was based on the scenario that a fire occurred in the
engine room on the LNG carrier, which was under way in Tsugaru
Strait</SPAN><B><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>
</SPAN></B><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>toward
the Port of Nagoya. Procedures included searching for missing persons, conveying
injured persons, firefighting and more. As part of the drill, the vessel lost
control by engine and steering, leading to the grounding accident.</P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US></SPAN>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>It
started with an initial report from the LNG carrier </SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>involved in the incident.
MOL immediately reported to the 1<SUP>st</SUP> </SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>Regional Coast Guard
Headquarters, </SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>organized an Emergency Control Headquarters</SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US> and </SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>confirmed first-response
tasks and procedures such as information gathering and communication among
concerned parties, giving the vessel directions, and holding a media response
drill.</P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US></SPAN>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>MOL
holds biannual table top drills based on different scenarios around the world,
taking into account various conditions. The company continues to sharpen its
group-wide emergency response readiness procedures by sharing know-how
accumulated in these training sessions throughout the MOL Group
fleet.</P></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></DIV></BODY></HTML>