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News Release

May 23, 2012

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MOL Announces Launch of New China - Middle East Service (“CMS”)

News Release MOL (Europe) B.V. (European Head Office) May 23, 2012
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<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><B><SPAN
style="FONT-FAMILY: Helvetica-Bold; COLOR: black; FONT-SIZE: 10pt">HONG KONG
22</SPAN></B><B><SPAN
style="FONT-FAMILY: Helvetica-Bold; COLOR: black; FONT-SIZE: 6.5pt">nd
</SPAN></B><B><SPAN
style="FONT-FAMILY: Helvetica-Bold; COLOR: black; FONT-SIZE: 10pt">May, 2012
</SPAN></B><SPAN style="FONT-FAMILY: Helvetica; COLOR: black; FONT-SIZE: 10pt">-
MOL Liner Ltd. (MOL) today announced its new China &#8211;</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Helvetica; COLOR: black; FONT-SIZE: 10pt">Middle East
Service (CMS) departing Shanghai on 8</SPAN><SPAN
style="FONT-FAMILY: Helvetica; COLOR: black; FONT-SIZE: 6.5pt">th </SPAN><SPAN
style="FONT-FAMILY: Helvetica; COLOR: black; FONT-SIZE: 10pt">June 2012. MOL
will offer an</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Helvetica; COLOR: black; FONT-SIZE: 10pt">additional weekly
service by joining the existing service operated by Wan Hai Lines,
Pacific</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Helvetica; COLOR: black; FONT-SIZE: 10pt">International
Lines, and Kawasaki Kisen Kaisha. The service will be operated by 6
vessels</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Helvetica; COLOR: black; FONT-SIZE: 10pt">and MOL will
provide one(1) Post Panamax ship (Mv. &#8220;MOL Solution&#8221;).</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Helvetica; COLOR: black; FONT-SIZE: 10pt"></SPAN>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Helvetica; COLOR: black; FONT-SIZE: 10pt">In addition to the
current services, MOL will be able to enrich service coverage as well
as</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Helvetica; COLOR: black; FONT-SIZE: 10pt">frequency between
China and the Middle East.</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Helvetica; COLOR: black; FONT-SIZE: 10pt"></SPAN>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Helvetica; COLOR: black; FONT-SIZE: 10pt">MOL is committed
to meet the customer needs by providing high-quality service and more</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Helvetica; COLOR: black; FONT-SIZE: 10pt">comprehensive port
coverage.</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Wingdings; COLOR: black; FONT-SIZE: 10pt"></SPAN>&nbsp;</P>
<UL style="MARGIN-TOP: 0cm" type=disc>
<LI style="MARGIN: 0cm 0cm 0pt; COLOR: black" class=MsoNormal><SPAN
style="FONT-FAMILY: Helvetica; FONT-SIZE: 10pt">&#8220;CMS&#8221; Port
Rotation:</SPAN></LI></UL>
<P style="MARGIN: 0cm 0cm 0pt 36pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Helvetica; COLOR: black; FONT-SIZE: 10pt">Shanghai &#8211; Ningbo
&#8211; Kaohsiung &#8211; Hong Kong &#8211; Shekou &#8211; Singapore &#8211; Port Kelang &#8211;</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt 36pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Helvetica; COLOR: black; FONT-SIZE: 10pt">Jebel Ali &#8211;
</SPAN><SPAN
style="FONT-FAMILY: Helvetica; COLOR: black; FONT-SIZE: 10pt">Karachi &#8211; Mundra &#8211;
Port Kelang &#8211; Singapore &#8211; Hong Kong - Shanghai</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt 36pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Helvetica; COLOR: black; FONT-SIZE: 10pt"></SPAN>&nbsp;</P>
<UL style="MARGIN-TOP: 0cm" type=disc>
<LI style="MARGIN: 0cm 0cm 0pt; COLOR: black" class=MsoNormal><SPAN
style="FONT-FAMILY: Helvetica; FONT-SIZE: 10pt">Frequency: Weekly (Turn Round
42days by 6 vessels)</SPAN></LI></UL>
<P style="MARGIN: 0cm 0cm 0pt 18pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Helvetica; COLOR: black; FONT-SIZE: 10pt"></SPAN>&nbsp;</P>
<UL style="MARGIN-TOP: 0cm" type=disc>
<LI style="MARGIN: 0cm 0cm 0pt; COLOR: black" class=MsoNormal><SPAN
style="FONT-FAMILY: Helvetica; FONT-SIZE: 10pt">Commencement: Mv &#8221;Zante&#8221; 003W
calling at Shanghai on 8</SPAN><SPAN
style="FONT-FAMILY: Helvetica; FONT-SIZE: 6.5pt">th </SPAN><SPAN
style="FONT-FAMILY: Helvetica; FONT-SIZE: 10pt">June,
2012.</SPAN></LI></UL></DIV></BODY></HTML>