May 17, 2013
To whom it may concern;
JX Tanker Co., Ltd.
Announcement relating to the Change ofMerger Datebetween JX Shipping Co., Ltd. and JX Tanker Co., Ltd.
We, JX Shipping Co.,Ltd. ("JX Shipping" : Head Office: 15-1, Akasaka, 4-chome, Minato-ku, Tokyo :President: Masao Miyakawa) and JX Tanker Co.,Ltd. ("JX Tanker" : Head Office: 1-8 Sakuragi-cho
1-chome, Naka-ku, Yokohama : President : Satoru Katogi), duly signed on March 28, 2013 a Merger
Agreement which specifies JX Tanker as the surviving company and comes into effect on July 1, 2013 .
We have been discussing all things about the Merger on Merger Preparing Committee, etc. fromthenceforth, and we announce that we decided to change the Merger Date as follows:1.

Merger Date :Before Change(announced on November 2, 2012)

After Change

July 1, 2013

April 1, 2014 (scheduled)

2. The reason of Change of Merger Date :During many meetings held under Merger Preparing Committee, in order to achieve the vessels’ safer
operations in the future, we came to the conclusion that we should spend more time to discuss aboutthe integration of both companies’ Safety Manuals and Systems for the Vessels, etc.
3. Outline of the New Company, “JX Ocean”:1) Company Name

: JX Ocean Co., Ltd.

2) Head Office: 15-1, Akasaka 4-chome, Minato-ku, Tokyo

3) Representatives: Representative Director, Chairman of the Board
Satoru Katogi (Currently, President of JX Tanker)
Representative Director, President
Masao Miyakawa (Currently, President of JX Shipping)4) Major: JX Nippon Oil & Energy CorporationShareholders
5) Business: International and Domestic marine transport services of Crude Oil andInternational marine transport services of LP Gas, Petroleum Products,Dry-bulk, etc.

6) Fleet: 63 vessels *7) Number of: 388 *Employees* all in all of both Companies, as of March 31, 2013

[Attachment]:Corporate Profiles of JX Shipping and JX Tanker[Contact Information for Inquiries]
JX Shipping : General Administration& Personnel Dept.
Mr. Masafumi Nabekura

Tel + 81-3-6441-0200

JX Tanker : General Administration Dept.
Mr. Ryuich Yoshida

Tel +81-45-683-2626

* Attachment
Corporate Profile : JX Shipping and JX Tanker
(1)

(2)

(3)

Company NameJX Shipping Co., Ltd.

JX Tanker Co., Ltd.

(established on April 1, 2012 merged by
Nissho Shipping and Yuyo SS)(changed its name on April 1, 201115-1, Akasaka 4-chome,

1-8, Sakuragi-cho, 1-chome

Minato-ku, Tokyo

Naka-ku, Yokohama

Representative Director, President

Representative Director, President

Masao Miyakawa

Satoru Katogi

from Nippon Oil Tanker Corp.)

Head Office

Representative(4)

EstablishedMay, 1943

July, 1951

(5)

Capital4.0 Billion Yen

4.0 Billion Yen

JX Nippon Oil & Energy Corporation

JX Nippon Oil & Energy Corporation(59.15%)(100%)(at the end of Mar., 2013)

Major Shareholders(6)

and their shareholdings(7) Net Sales (consolidated)(at end of Mar., 2012)

JX Tanker Co., Ltd. (7.18%)

33.7 Billion Yen*all in both Nissho and Yuyo

16.9 Billion Yen

International and Domestic marinetransport services of crude oil, etc.

(8)Business

International marine transport
services of crude oil, LP gas,petroleum products, dry-bulk, etc.

(9)

Fleet

54 vessels

9 vessels

171217(at end of Mar., 2013)(10)

Number of Employees(at end of Mar., 2013)