April 30, 2014

Change in the Board of Directors, Corporate Auditors and Executive Officers
Tokyo - Mitsui O.S.K. Lines, Ltd. (President Koichi Muto) today announced that it has decided on the following changes toits Board of Directors, Corporate Auditors, Executive Officers, and their responsibilities. These changes are subject toapproval at the Annual Shareholders’ Meeting and the Board Meeting to be held on June 24, 2014 .

1. Board of Directors-Appointment(New position)(Name)(Current Position)

DirectorShizuo Takahashi

Managing Executive Officer

Director

Atsutoshi Nishida

Chairman of TOSHIBA CORPORATION

Corporate Auditor

Hideki Yamashita

Attorney-At –Law & Patent Attorney,
YAMASHITA & TOYAMA LAW AND PATENT OFFICE(Current position)(Name)(Planned post-retirement assignment)

Representative Director

Akimitsu AshidaCounselorDirector

Sadayuki Sakakibara

Corporate Auditor

Sumio Iijima- Retirement

2. Executive Officers- Appointments and Promotions(New position)(Name)(Current position)

Senior Managing Executive Officer

Masaaki Nemoto

Managing Executive Officer

Managing Executive Officer

Takaaki Inoue

Executive Officer

Executive Officer

Mitsujiro Akasaka

President ofMitsui O.S.K. Lines (Thailand) Co., Ltd.

Executive Officer

Toshikazu Inaoka

General Manager of
Dry Bulk Carrier Supervising Office

Executive Officer

Naotoshi Omoto

Managing Director of MOL (Europe) B.V.

Executive Officer

Toshiaki Tanaka

General Manager ofCoal and Iron Ore Carrier Division1

- Retirement(Current position)(Name)(Planned post-retirement assignment)

Senior Managing Executive Officer

Takashi Kurauchi

Executive Officer

Tsuyoshi Yoshida

Senior Managing Director ofMOL Information Systems, Ltd.

3. Directors, Auditors and Executive Officers on and after June 24-Directors and Auditors
Board of Directors
Representative DirectorKoichi Muto

Representative Director

Kazuhiro Sato

Director

Tsuneo Watanabe

Director

Junichiro Ikeda

Director

Masahiro Tanabe

Director

Shizuo Takahashi

DirectorTakeshi Komura

Director

Masayuki Matsushima

Director

Atsutoshi Nishida

Corporate Auditors
Corporate Auditor

Masaaki Tsuda

Corporate Auditor

Takehiko Ota

Corporate Auditor

Hiroyuki Itami

Corporate Auditor

Hideki Yamashita-Responsibilities of Executive Officers(Title)(Name)(Responsibilities)

Representative Director
President

Koichi Muto

Representative Director
Executive Vice President

Kazuhiro SatoAssistant to President

Director
Senior Managing Executive Officer

Tsuneo Watanabe

Tanker Division,
Tanker Safety Management OfficeSenior Managing Executive Officer

Kenichi Nagata

Research Office,Coal and Iron Ore Carrier Division,
Bulk Carrier Office,Dry Bulk Carrier Supervising Office2Director
Senior Managing Executive Officer

Junichiro Ikeda

Human Resources Division, Liner Division,
Car Carrier Division

Senior Managing Executive Officer

Masaaki Nemoto

Dry Bulk Carrier Supervising Office,Tanker Safety Management Office,
MOL Ship Management Co., Ltd.,MOL LNG Transport Co., Ltd.,
Human Resources Division,
Marine Safety Division,
Safe Operation

DirectorManaging Executive Officer

Masahiro TanabeFinance Division,
Accounting Division,
Investor Relations OfficeDirector
Managing Executive Officer

Shizuo Takahashi

Internal Audit Office,Secretaries Office,Corporate Planning Division,
Public Relations Office,
MOL Information Systems, Ltd.

Managing Executive Officer

Kiyotaka Yoshida

Technical Division

Managing Executive Officer

Hirokazu Hatta

General Affairs Division,
Group Business Division,
Kansai Area

Managing Executive Officer

Takeshi Hashimoto

LNG Carrier Division,
Offshore and LNG Project Division,
MOL LNG Transport Co., Ltd.

Managing Executive Officer

Tetsuro Nishio

Dedicated Bulk Carrier Division

Managing Executive Officer

Toshiya Konishi

Liner Division

Managing Executive Officer

Takaaki Inoue

Tanker Safety Management Office,
MOL LNG Transport Co., Ltd.
Marine Safety Division

Executive Officer

Takashi Maruyama

General Manager of Finance Division

Executive Officer

Akihiko Ono

General Manager ofCorporate Planning Division

Executive Officer

Toshiyuki Sonobe

Managing Director of Mitsui O.S.K. Bulk
Shipping (Asia Oceania) Pte. Ltd.,Southeast Asia

Executive Officer

Yoshikazu Kawagoe

General Manager of Technical Division3

Executive Officer

Hideo Horiguchi

General Manager ofAccounting Division

Executive Officer

Akio Mitsuta

Tanker Division

Executive Officer

Koichi Yashima

Human Resources Division

Executive OfficerMitsujiro Akasaka

Managing Director of MOL (ASIA) LIMITED

Executive Officer

Toshikazu Inaoka

Dry Bulk Carrier Supervising Office,
MOL Ship Management Co., Ltd.,
Marine Safety Division
General Manager of
Dry Bulk Carrier Supervising Office

Executive Officer

Naotoshi Omoto

General Manager of Car Carrier Division

Executive Officer

Toshiaki Tanaka

General Manager ofCoal and Iron Ore Carrier Division4