February 21, 2024

Changes of Directors, Auditors and Executive Officers
Tokyo – MOL Drybulk Ltd. (MOLDB; President & CEO: Kazuhiko Kikuchi) today announced that it has decided on thefollowing changes to its Directors, Auditors and Executive Officers. The changes of Directors and Auditors are subject toapproval at the Annual Shareholders’ Meeting to be held on March 29, 2024.

1.

Changes of Directors and Executive Officers: April 1, 2024

1) Changes of Executive Officers/Group Executive Officers(1) Newly appointed Executive Officers
NameNewKoichi Hirata
President,Chief Executive Officer
Toshiaki Fukui
Managing Executive Officer
Tsuyoshi Yamamoto

Present
Executive Officer, Mitsui O.S.K. Lines, Ltd.
General Manager of Dry Bulk Business Strategy
Division, Mitsui O.S.K. Lines, Ltd.
Director, MOL(Europe Africa)Ltd.
Hamburg Office

Executive Officer(2) Retiring Executive Officers: March 31, 2024
Name
New: As of April 1, 2024
Representative Director, President,
Kazuhiko Kikuchi
MOL Marine & Engineering Co.,Ltd.
Manabu Hasumi
Assistant to Director of Dry Bulk Business
Strategy Division, Mitsui O.S.K. Lines Ltd.
Junji Sakuma

PresentPresident,
Chief Executive Officer
Director, Managing Executive Officer

Director, MOL Turkey Denizcilik ve Lojistik Executive Officer
Tic. A.Ş.

2) Executive Officers and their Responsibilities on and after April 1, 2024
Executive Officer
Title
President,
Chief Executive Officer
Managing
Executive Officer
Managing
Executive Officer
Managing
Executive Officer
Managing
Executive Officer
Executive Officer

Name
Koichi Hirata

Responsibilities
Overall management

Toshiaki Fukui

Chief Operating Officer,
Responsible for Corporate Planning Division
Supervisor for Business Planning Division, Dry Bulk Division

Jun Hoshino

Responsible for Human Resources & Administration Division,
Finance & Accounting Division
Responsible for Marine Supervising Division,
Marine Maintenance Office, Marine Cargo Division

Terumi Moriguchi

Responsible for Multi-Purpose Vessels Division,
Project Cargo Division
Responsible for India Strategy (Special Assignments),
Steel Cargo Division
Secondarily Responsible for Dry Bulk Division

Koji Hemmi
Yu Sakamoto

1

2.

Executive Officer

Hiroshi Sudo

Executive Officer

Tsuyoshi Yamamoto

Responsible for Business Planning Division,
Wood Chip Carrier Division
Responsible for Drybulk Global Trade Division

Changes of Directors and Auditors : June 20, 20241)
Changes of Directors(1) Newly appointed Director(Scheduled to be discussed at the Annual Shareholders’ Meeting to be held on March 29,2024)
NameNew
Present : As of March 31, 2024
Koichi Hirata
Representative Director,
Executive Officer, Mitsui O.S.K. Lines, Ltd.
President
Kazuhiro Takahashi

Outside Director

Executive Officer, Mitsui O.S.K. Lines, Ltd.

Shinichi Asahina

Outside Director

General Manager of Energy Business Strategy Division,
Mitsui O.S.K. Lines, Ltd. (As of March 31, 2024)
General Manager of Dry Bulk Business Strategy Division,
Mitsui O.S.K. Lines, Ltd. (from April 1, 2024)(2) Retiring of Director (March 31, 2024)
Name
Present : As of March 31, 2024
Kazuhiko Kikuchi
Representative Director, President
Hiroyoshi Kubo
Outside Director2)

Directors and Auditors on April 1, 2024
After April 1, 2024
Directors
Title
Representative Director, President,
Chief Executive Officer
Director, Chief Operating Officer
Director
Director
Outside Director
Outside Director
Outside Director
Outside Director

Name
Koichi Hirata
Toshiaki Fukui
Terumi Moriguchi
Jun Hoshino
Kazuhiro Takahashi
Masayuki Sugiyama
Manabu Hasumi
Shinichi Asahina

Audit & Supervisory Board Members
Title
Outside Audit & Supervisory Board Member
Outside Audit & Supervisory Board MemberName
Kazutaka Shida
Seriko Furudono

2