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March 11, 2011

MOL Chairman Ashida Delivers Keynote Speech at Japan Securities Summit in New York
- Focuses on Ocean Shipping Portfolio Management -

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that Chairman Akimitsu Ashida delivered the keynote speech at the Japan Securities Summit in New York on March 1, co-sponsored by the Japan Securities Dealers Association (JSDA) and the Securities Financial Markets Association (SIFMA).

Chairman Ashida said that demand for ocean shipping will grow steadily, and outlined MOL strategies to maximize its competitiveness in the industry, including its ocean shipping portfolio. About 180 people including front-line economists and analysts, institutional investors, and other financial industry specialists took part in the event and generated active discussion.

Keynote speakers since the first Japan Securities Summit in 2008 are as follows:

London, 2008: Heizo Takenaka, professor at Keio University, former Minister of Internal Affairs and Communications and Minister of State for Privatization of the Postal Services
Hong Kong, 2009: Hiroshi Okuda, Senior Advisor, Toyota Motor Corporation,
Singapore, 2010: Masahiro Sakane, Chairman, Komatsu Ltd.

Chairman Ashida's speech reflects MOL's proactive approach in offering information to stakeholders under the theme "Promoting an open and visible management style" set out in the MOL Group Corporate Principles.

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