MOL Announces New Responsibility of Executive Officer and Personnel Change

September 28, 2006

TOKYO - Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu Ashida) today announced that the company has decided to change operational responsibility of executive officer and personnel allocation as follows. Both changes will take effect on October 1.

The company will reinforce its internal structure by allocating new executive officer who will focus exclusively on safe operation. This aims to strongly enhance marine safety operation on a comprehensive, company-wide basis following a series of serious marine accidents.

1. Change in operational responsibility of executive officer

Soichi Hiratsuka
(New) Executive Officer, Marine Safety
(Pervious)Executive Officer, General Manager of Marine Management Division

2. Personnel Change

Masaaki Nemoto
(New) General Manager of Marine Management Division
(Pervious) General Manager of Marine Safety Group, Marine Management Division