Japanese

Mitsui O.S.K. Lines, Ltd. Announces on Interim Dividend from Retained Earnings

October 31, 2012

TOKYO - Mitsui O.S.K. Lines, Ltd. (the Company; President: Koichi Muto) today announced the Company's resolution not to distribute an interim dividend from retained earnings to shareholders of record as of September 30, 2012.

• Details

  	Resolution	Most recent Dividend  Forecast(issued on April 27, 2012)	Interim Dividend paid in FY2011(ended March 31,2012)
  Record Date	September 30, 2012	Same as left	September 30, 2011
  Dividend per Share	¥0.00	To be decided	¥2.50
  Total Amount of Dividends	¥0	-	¥2,990 million
  Effective Date	-	-	November 22, 2011
  Source for Dividend	-	-	Retained earnings

• Reasons
  The Company resolved not to deliver an interim dividend for FY2012, ending March 31, 2013, to shareholders of record as of September 30, 2012, due to operating loss of ¥2.3 billion, ordinary loss of ¥6.7 billion, and net loss of ¥13.0 billion for the first half of FY2012. The Company has not determined a year-end dividend, in consideration of ongoing uncertainty in the business climate surrounding it. The Company will announce it as soon as determined, based on the future business climate, business performance, and financial standing.

  (Reference) Outlook of the annual dividend is as follows:

  	Dividend per share
  Record Date	Interim (2Q end)	Year end	Total
  Dividend outlook		To be decided	To be decided
  Paid for FY2012	¥0.00
  Paid for FY2011 (ended March 31, 2012)	¥2.50	¥2.50	¥5.00