February 28, 2018

MOL Announces Restructuring Measures

TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today announced
that it will restructure the organization effective April 1, 2018, as follows

1. Establishment of Technology Innovation Unit
MOL will establish the Technology Innovation Unit and the position of Chief TechnicalOfficer to supervise operations as a representative of the unit.
Organization

Technical Division
Smart Shipping Division
MOL Information Systems, Ltd.

2. Establishment of Chief Financial Officer
MOL will newly establish the position of chief financial officer to supervise planning ofstrategies and measures to promote optimal group-wide funding and financial strategies
and provide necessary advice to executive officers responsible for business divisions.

3. Renaming Executive Officer for Corporate Communication
The executive officer position responsible for corporate communication will be renamed
the Chief Communication Officer.

4. Establishment of Chief Executive Representatives, North, Middle Americas & theCaribbean, and South America
Chief Executive Representatives will be newly established for North, Middle Americas &the Caribbean, and South America in place of Chief Country Representative, Americas.

5. Head Office Organization unified into divisions
The Head Office organization, which is made up of divisions and offices, will be unified
into divisions, to restructure and organize the organizational system and allow divisions
to more effectively allocate their resources.

6. Establishment of Corporate Marketing Division
MOL will establish the Corporate Marketing Division to succeed operations of the One
MOL Business Strategy Execution Office in the current Corporate Planning Division, withthe aim of more effectively promoting group-wide business activities across regions andorganizations and build a system to move ahead assertively:(A) Plan, study, and implement marketing methods and systems that go beyond theorganization(B) Plan, study, and implement strategic business models using business intelligence(C) Plan digital strategies using ICT and new technologies that link customer needs andMOL Group seeds(D) Promote MOL Group innovation activities.

7. Establishment of Tanker Division (A) and Tanker Division (B)MOL will divide the Tanker Division into Tanker Division (A) and Tanker Division (B) tocreate a more customer-focused approach. The Tanker Division (A) will takeresponsibility mainly for the crude oil tanker business and the Tanker Division (B) will
focus on petroleum product tanker and methanol tanker businesses.

8. Establishment of Ferry Business Division
MOL will establish an independent business division aimed at more effective investmentof management resources, promotion of more efficient marketing, and so on for theferry business, which was announced in the policies intended to reinforce business fields
where MOL anticipates future growth in the management plan “Rolling Plan 2017.”

9. Restructuring and renaming New Business Creation and Group Business Division
MOL will transfer operations of the Environment and Emission Free Business, which waspositioned as a business for future development in “Rolling Plan 2017,” from theCorporate Planning Division to the New Business Creation and Group Business Division,
with the aim of accelerating the business. In accordance with this, it will also rename
the New Business Creation and Group Business Division the New & Clean Energy
Business Division.

10. Establishment of Liner Business Management Division
MOL will establish the Liner Business Management Division to fulfill its management role
as one of the major investors in Ocean Network Express (ONE), into which the LinerDivision is being integrated.

11. Establishment of Corporate Audit Division
MOL will establish the Corporate Audit Division to oversee the Internal Audit Office, anorganization that serves to assess management quality and suggest improvements, inaddition to operations related to internal audit and internal control and management,which are currently handled by the Internal Audit Office.

12. Establishment of Corporate Communication Division
MOL will integrate the Public Relations Office and IR Office into the Corporate
Communication Office to enhance the quality of messaging and information from MOLand strengthen initiatives to establish the corporate brand.

13. Establishment of Secretaries & General Affairs Division
MOL will merge the Secretaries Office and General Affairs Division to establish theSecretaries & General Affairs Division with the aim of promoting activities as a policy
secretary in addition to the roles of secretariat operations.

Nomination Advisory Committee
Meeting of the Board of Directors（Revised on 1 April, 2018）
Organization

General Meeting of Shareholders

Audit & Supervisory Board Manager
Audit & Supervisory Board

Remuneration Advisory Committee
Executive Committee

Product Transport
Business Unit
Energy Transport
Business Unit
Dry Bulk
Business Unit
Technology
Innovation Unit

Chief Executive Representative, Europe, Africa

Chief Executive Representative, Asia, Middle East, Oceania

Chief Country Representative(*2)

Chief Country Representative(*3)

Chief Country Representative
Regional Representative(*4)

Beijing Representative Office

Chief Executive Representative, South Americas

Finance Representative Office(*4)Myanmar, UAE, Philippines, Indonesia,India, Thailand, Malaysia, Vietnam,
Australia, South Korea, Singapore, China,
Hong Kong, Taiwan

Chief Country Representative(*1)(*3) Turkey

Technology Research Center(*2) Brasil

Chief Executive Representative, North, Middle Americas & the Caribbean
Kyushu Branch
Hiroshima Branch
Kansai Branch
Nagoya Branch
New & Clean Energy Business Division
Liner Business Management Division
Ferry Business Division
Port Projects & Logistics Business Division
Car Carrier Division

LNG Safety Management Division
Offshore Project Division
LNG Carrier Division
Steaming Coal Carrier Division
Tanker Safety Management Division
Tanker Division (B)Tanker Division (A)Bunker Business Division
Energy Business Strategy Division

Dry Bulk Carrier Supervising Division
Dry Bulk Carrier Division (B)Dry Bulk Carrier Division (A)Dry Bulk Business Planning & Co-ordination DivisionCorporate Marketing Division
MOL Information Systems, Ltd.
Smart Shipping Division
Technical Division
Marine Safety Division
Accounting Division
Finance Division
Secretaries & General Affairs Division
Human Resources DivisionCorporate Communication DivisionCorporate Audit DivisionCorporate Planning Division(*1) Mexico