April 26, 2002



Change in the Board of Directors, Corporate Auditors and Executive Officers


Tokyo - Mitsui O.S.K. Lines, Ltd.(President Kunio Suzuki) today announced that it has decided on the following changes to its Board of Directors, Corporate Auditors, Executive Officers, and their responsibilities. These changes are subject to approval at the Annual Shareholders' Meeting to be held on June 25, 2002.

1. Board of Directors and Corporate Auditors
- Appointments
(New position) (Name) (Current Position)
Senior Managing Director Masao Sagara Managing Executive Officer
Managing Director Kazuaki Konishi Executive officer
Corporate Auditor Kazuo Otaki Senior Internal Auditor

- Retirements
(Current position) (Name) (Planned Post-retirement assignment)
Managing Director Kentaro Hino President of
Mitsui O.S.K. Passenger Line, Ltd.
Corporate Auditor Takuo Yamada


2. Executive Officers
- Appointments and Promotions
(New position) (Name) (Current position)
Managing Executive Officer Makoto Iwata Executive Officer
Managing Executive Officer Saburo Koide Executive Officer
Executive Officer Kazuichi Okai Managing Director of
MitsuiO.S.K. Techno-Trade, Ltd.
Executive Officer Akira Yamaji General Manager of
Wood Chip Carrier Divison
Executive Officer Toshihiro Kagami General Manager of
Marine Division
Executive Officer Masashi Seki General Manager of
Tanker Division(A)
Executive Officer Setsuyasu Hagiwara General Manager of
Car Carrier Division

- Retirements
(Current position) (Name) (Planned post-retirement assignment)
Managing Executive Officer Shinichi Takemoto Advisor
Managing Executive Officer Chikanobu Nomura President of
Mitsui O.S.K. Kinkai, Ltd.
Executive Officer Takao Yamamoto Senior Managing Director of
Nihon Tug-Boat Co.,Ltd.
Executive Officer Tsutomu Iizuka President of International
Energy Transport Co., Ltd.


3. Directors, Auditors and Executive Officers on and after June 25
- Directors and Auditors
Board of Directors
Chairman of the Board Masaharu Ikuta
President Kunio Suzuki
Deputy President Kazuo Sato
Deputy President Seiji Nakamura
Deputy President Joji(George) Hayashi
Senior Managing Director Tokinao Hojo
Senior Managing Director Hiroyuki Sato
Senior Managing Director Akimitsu Ashida
Senior Managing Director Masao Sagara
Managing Director Kazuaki Konishi
Director Takeo Shiina
Director Toshihiko Fukui
Director Yukiharu Kodama
Corporate Auditors
Corporate Auditor Kazuo Iwamoto
Corporate Auditor Kazuo Otaki
Corporate Auditor Nobuyoshi Tateishi
Corporate Auditor Kyoichi Sato

- Responsibilities of Executive Officers
Title Name Responsibilities
President,
President Executive Officer
Kunio Suzuki
Deputy President,
Deputy President Executive Officer
Kazuo Sato Assistant to President(mainly in
non-Liner divisions), Kansai area
Deputy President,
Deputy President Executive Officer
Seiji Nakamura Assistant to President(mainly in
administrative divisions), IR Office
Deputy President,
Deputy President Executive Officer
Joji(George) Hayashi Assistant to President(mainly in
Liner Division)
Senior Managing Director
Senior Managing Executive Officer
Tokinao Hojo Steam Coal Carrier Division,
Tanker Divisons(A) and (B),
LNG Carrier Divisions(A) and (B)
Senior Managing Director
Senior Managing Executive Officer
Hiroyuki Sato Liner Division, Logistics Office
Senior Managing Executive Officer Kenji Machino Marine Division, Ship Management
Division, LNG Ship Management
Division, Human Resource
Development Office
Senior Managing Director
Senior Managing Executive Officer
Akimitsu Ashida Corporate Planning Division,
Secretaries Office,
Public Relations Office,
Information Systems Office,
Ship Management Division,
Internal Auditor, IT strategies
Senior Managing Director
Senior Managing Executive Officer
Masao Sagara Coal and Iron Ore Carrier Division,
Bulk Carrier Division, Bulk Carrier
Coordination Office, Wood Chip
Carrier Divison
Managing Executive Officer Kazuki Mori Liner Marketing
Managing Executive Officer Yutaka Okamoto Car Carrier Division,
Research Co-operation Office
Managing Executive Officer Makoto Iwata LNG Carrier Divisions(A) and (B)
Managing Director
Managing Executive Officer
Kazuaki Konishi Finance and Accounting Division
Managing Executive Officer Saburo Koide Coal and Iron Ore Carrier Division
Executive Officer Yoshikazu Takahashi Steam Coal Carrier Division
Executive Officer Hidehiro Harada Chief Executive of
Mitsui O.S.K. Lines(Europe) Ltd.
Executive Officer Masakazu Yakushiji General Manager of Corporate
Planning Division
Executive Officer Tomonobu Hada Environment matters, Technical
Division, Ship Management Division,
LNG Ship Management Division
Executive Officer Kenji Yamagami Bulk Carrier Division, Bulk Carrier
Coordination Office
Executive Officer Makoto Kuroishi Human Resources Division,
General Affairs Division
Executive Officer Hideyuki Sadamatsu Managing Director of
Mitsui O.S.K. Lines (Asia) Ltd.
Executive Officer Toshiki Saito General Manager of Logitics Office
Executive Officer Toshifumi Kato Liner Division
Executive Officer Kazuichi Okai Associated Business Division
Executive Officer Akira Yamaji General Manager of
Wood Chip Carrier Division
Executive Officer Toshihiro Kagami General Manager of Marine Division
Executive Officer Masashi Seki Tanker Divisions(A) and (B)
Executive Officer Setsuyasu Hagiwara Car Carrier Division