MOL Magsaysay Maritime Academy in the Philippines Holds 3^rd Commencement Exercises Ceremony
- Hopes Are High for the 143 Graduates Who Will Shape the Future of the Maritime Industry -

February 04, 2026

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that on February 3, 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 its 3rd commencement exercises at the school in Dasmariñas City, a suburb of Manila.

The ceremony welcomed many distinguished guests, including Bernard P. Olalia, Administrator of the Department of Labor and Employment, and Japanese Ambassador to the Philippines Kazuya Endo, as well as A. Magsaysay, Inc. CEO and President Doris Magsaysay Ho, MOL Chairman Junichiro Ikeda, and approximately 640 other attendees. The ceremony celebrated the achievements of MMMA's third class of graduates ^{(Note 3)}, who completed the entire curriculum, including shipboard training.

In his congratulatory address, MOL Chairman Ikeda delivered the following message to the graduates: "Fully utilize the knowledge, leadership, and drive for growth you cultivated during your studies to protect people's everyday life by ensuring across the blue ocean-our shared vision. Furthermore, strive to pursue the safe operations, safeguard the environment and the lives of people around the world, and experience firsthand how your efforts contribute to global development."

Going forward, approximately half of the graduates ^{(Note 4)} will work onboard MOL Group-operated vessels as Third Officers and Third Engineers after obtaining their maritime licenses. They will build their careers, aiming to become Captains and Chief Engineers while working on a global stage. As the importance of Filipino seafarers-who form the core of the MOL Group's seafaring workforce-continues to grow, the group will continue cultivating outstanding, immediately deployable seafarers through MMMA's rigorous four-year training and foundational education, thereby meeting the needs of the international community.

Additionally, MOL plans to relocate and rebuild its seafarer training facility, MOL Training Center (Phils.) Inc., within the MMMA campus by April 2027 ^{(Note 5)}. This relocation will give MMMA students easier access to state-of-the-art training equipment. Furthermore, increased interaction with active seafarers will enhance student engagement and deepen their understanding of seafaring careers.

This initiative reflects MOL's commitment to developing seafarers and creating employment opportunities, addressing the sustainability challenge of "human development and community growth." As a responsible provider of social infrastructure services, the company will continue supporting people's everyday lives through safe maritime operations.

(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) [Outline of MMMA]
Name: MOL Magsaysay Maritime Academy Inc. (4-year merchant marine academy, 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

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 -
February 20, 2024: MOL Magsaysay Maritime Academy in Philippines Holds 1st Commencement Exercises Ceremony
February 18, 2025: MOL Magsaysay Maritime Academy in Philippines Holds Commencement Exercises Ceremony

(Note 3) The third class and some of the inaugural and the second classes of students attended.
The enrollment of the third class was 101, of which 57 are deck cadets and 44 are engine cadets. Excluding those who were on board due to schedules, a total of 33 attended the ceremony.
In addition, the inaugural class of 110 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.

(Note 5) Scheduled to begin operations in April 2027. Please refer to the following related press release.
Seafarers' Training Facility in the Philippines to Be Re-established in the Premises of Our Maritime Academy - Strengthening the Maritime Professional Development to Support World-Leading Safe Vessel Operations -

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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-".