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September 25, 2009

Mitsui O.S.K. Lines, Ltd. Announcement of Revision of FY2009 Outlook

TOKYO - Mitsui O.S.K. Lines, Ltd. (the Company; President: Akimitsu Ashida) today announced a revision of its consolidated business outlook for the second quarter of FY2009, ending March 31, 2010 (April 1, 2009 - March 31, 2010), issued on July 27, 2009, as follows:

Reasons for revision of outlook

The Company made a downward revision of its earlier announced consolidated business outlook for FY2009 because operating costs in the containership segment including bunker prices and terminal charges increased more than expected, although recovery of freight rates and growth in trade volume have been close to expectations.

Meanwhile, the Company is now reviewing the full-year outlook for FY2009, and plans to announce it when second quarter consolidated financial results are announced (scheduled for October 27, 2009).

Forward looking statement
Future outlooks such as plans and strategies related to matters other than the past and present facts in this press release contain potential risks and uncertainties, and are not guaranteed. These outlooks are issued by the Company according to currently available information. Please realize that actual achievement may be significantly different from these outlooks, due to various factors such as future economic trends, market demand, exchange rates, bunker prices, other economic, social, and political situations, and various contingencies.

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