MOL Magsaysay Maritime Academy in Philippines Holds Commencement Exercises Ceremony
- With High Expectations for New Endeavors of 129 Graduates who will Play a Key Role in the Future of Maritime Industry -

February 18, 2025

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that on February 18, MOL Magsaysay Maritime Academy Inc (MMMA ^{Note 1}), a merchant marine academy operated jointly by MOL and Magsaysay Maritime Corporation (MMC ^{Note 2}) in the Philippines, held the 2^nd commencement exercises ceremony.

The ceremony was held at the school in Dasmariñas City, a suburb of Manila, with about 530 people on hand, including special guests former Senator Manny Pacquiao and Japanese Ambassador to the Philippines Endo Kazuya, as well as Doris Magsaysay Ho, president and CEO of MMC's shareholding company, A. Magsaysay, Inc. and MOL Executive Vice President Toshiaki Tanaka. The ceremony celebrated the achievements of MMMA's second graduating class of students (^{Note 3}) who completed the entire curriculum, including shipboard training.

In his congratulatory address, MOL Executive Vice President Tanaka expressed his deep appreciation to the school community and the families of the graduates for their support. He told the graduates, "Make the most of the knowledge and experience you have gained while in the academy and play an active role in vessel's safety operation." He added, "By pursuing safe operations, I hope you will protect the lives of people around the world as the topmost priority and also ensure the safety of cargo, and the environment, and contribute to global development."

MOL Executive Vice President Tanaka also planted mango trees on the campus grounds to pray for the further growth and development of the academy and all its stakeholders, as well as the preservation of the natural environment.

About half of the graduates (^{Note 4}) will work onboard MOL Group-operated vessels as third officers and third engineers after obtaining their maritime licenses, working their way up to captain and chief engineer.

Filipino seafarers serve as the backbone of the MOL Group's shipping transportations, and while ship operation technology is becoming more sophisticated, they are expected to play more active roles in offering safe transport services. The MOL Group will continue to develop highly skilled seafarers who can be immediately effective through their four years of training and basic education at MMMA.

Through this initiative, the MOL Group strives to train seafarers and create jobs that will "contribute to the growth and development of people and communities," which is one of the group's sustainability issues. The MOL Group will continue to support people's day-to-day lives through its safety-focused operations as a responsible custodian of a social infrastructure business.

(Note 1) One of the largest seafarer manning companies in the Philippines. In 1997, MOL and MMC jointly established Magsaysay MOL Marine, Inc., a manning company.

(Note 2) Please refer to the following past press releases.
March 9, 2016: MOL Breaks Ground on New Maritime Academy in Philippines - Opening scheduled for June 2018 -
May 8, 2018: MOL New Maritime Academy in Philippines to Open in August - Construction of Facilities Completed, Official Approval Received -
September 14, 2018: Inauguration Ceremony Marks Opening of MOL Magsaysay Maritime Academy -700 guests on hand, including Philippine government officials –
December 21, 2021: MOL Holds Welcoming Ceremony for 137 students from Inaugural Class of MOL Magsaysay Maritime Academy (MMMA)
February 20, 2024: MOL Magsaysay Maritime Academy in Philippines Holds 1st Commencement Exercises Ceremony
December 25, 2024: MOL Magsaysay Maritime Academy in Philippines Receives Accreditation under MLIT 'Japan International Ship System'

(Note 3) The second class and some of the inaugural class of students attended.
The enrollment of the second class was 282, of which 134 are deck cadets and 148 are engine cadets. Excluding those who were on board due to schedules, a total of 63 attended the ceremony.
In addition, the inaugural class of 66 students who were unable to attend last year's graduation ceremony for the same reason attended this ceremony.

(Note 4) MMC and the MOL Group accept about half of the graduates.

[Outline of MMMA]
Name: MOL Magsaysay Maritime Academy Inc. (4-year merchant marine university, boarding school)
Location: Salit ran, Dasmariñas City, Cavite State, the Philippines (about 30km south of Manila)
No. of students: Max. 300 per year (150 each for navigation school and engine school)
Opening: August 2018
President: Dr. Michael C. Morales

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MOL Group 5 Sustainability Issues
MOL Group identifies "Sustainability Issues" (Materiality) as our key issues for sustainable growth with society through realization of the Group Vision.
We anticipate this initiative to contribute especially to the realization of "Safety & Value -Provide added value through safe transportation and our social infrastructure business-"and "Human & Community -Contributing to the growth and development of people and communities-."