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News Release

April 14, 2012

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MOL upgrade network: Asia-Mexico, West Coast South America products

News Release Mitsui O.S.K. Lines, Ltd. (Head Office) April 14, 2012
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<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><B><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-SG>TOKYO</SPAN></B><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-SG>&#8212;Mitsui O.S.K. Lines,
Ltd. (MOL; President: Koichi Muto) today </SPAN><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>announced the upgrade of
the&nbsp;Asia - Mexico (CWL)&nbsp;and West Coast South America
(MSX)&nbsp;services.<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><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>MOL and the consortium
partners (K Line and NYK) will consolidate the present two loops (WL1, which is
operated&nbsp;by nominal 4,400teu class ships, and WL2, which
is&nbsp;operated&nbsp;by nominal 2,500teu class ships) and will deploy
over-panamax vessels, nominal 5,600-6,500 teu class ships, on the new CWL
service. MOL expects the upgrade to provide a more stable service and efficient
operations by this change.<SPAN>&nbsp;&nbsp; </SPAN></SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US></SPAN>&nbsp;</P><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>MOL will meet the
customer needs by providing high-quality direct services and by providing
variety of port coverage continuously.</SPAN></P></SPAN>
<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>MOL will maintain Asia -
Buenaventura - </SPAN><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>Guayaquil coverage by trans-shipment from/to the new Mexico &#8211; West
Coast South America feeder service (MSX). </SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US></SPAN>&nbsp;</P><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=EN-US>
<UL style="MARGIN-TOP: 0cm" type=disc>
<LI style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>New CWL service (77
days rotation x 11 vessel, weekly)</SPAN></LI></UL>
<P style="MARGIN: 0cm 0cm 0pt 36pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>Rotation:</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt 36pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>Keelung &#8211; Hong Kong &#8211; Da
Chan Bay &#8211; Xiamen &#8211; Shanghai &#8211; Ningbo &#8211; Pusan &#8211; Manzanillo (Mexico) &#8211; Callao &#8211;
Iquique &#8211; Valparaiso &#8211; Lirquen &#8211; Callao &#8211; Manzanillo (Mexico) &#8211; Tokyo &#8211;
Keelung</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>1st vessel of new CWL
service : </SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US><EM>MV George Washington
Bridge</EM> calling at Keelung on 26th April, 2012. </SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US></SPAN>&nbsp;</P>
<UL style="MARGIN-TOP: 0cm" type=disc>
<LI style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>MSX service (21 days
rotation x 3 vessel, weekly)</SPAN></LI></UL>
<P style="MARGIN: 0cm 0cm 0pt 36pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>Rotation:</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt 36pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>Manzanillo (Mexico) &#8211;
Buenaventura &#8211; Callao &#8211; Guayaquil &#8211; Manzanillo (Mexico)</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>1st vessel of new MSX
service : </SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US><EM>MV Wellington
Express</EM> calling at Manzanillo on 25th May,
2012.</SPAN></P></SPAN></SPAN></SPAN></DIV></BODY></HTML>