NEWSLETTERMay 8, 2024
Notification of Share Buyback through
Off-Auction Own Share Repurchase Trading (ToSTNeT-3)
At the meeting of the Board of Directors held on May 7, 2024, Kawasaki Kisen Kaisha, Ltd.
(“K” LINE) resolved to repurchase its stock in accordance with Article 156 of the Companies Actof Japan, as applied pursuant to paragraph 3 of Article 165 of the Companies Act of Japan. “K”
LINE hereby announces that it has decided on a specific method to repurchase its own stock.
Details are as follows:
1. Acquisition method“K” LINE will instruct its agent to purchase its own shares on the Tokyo Stock
Exchange through off-auction own share repurchase trading (ToSTNeT-3) at 8:45 a.m.
on May 9, 2024 at today’s (May 8, 2024) closing price 2,194.5 yen per share. Thepurchase orders shall be limited to this trading time.
2. Details of the acquisition① Class of share: Common stock of “K” LINE
② Total number of shares of common stock to be repurchased: Up to 39,556,000
shares
③ Total amount to be repurchased: Up to 86,805,642,000 yen④ Acquisition date: May 9, 2024
⑤ Announcement of the result of acquisition: The result of the acquisition will beannounced after the completion of trading at 8:45 a.m. on May 9, 2024
（Note１） No change shall be made to the number of shares. There is a possibility thata portion or all of the acquisition will be cancelled depending on market trends
and other factors.
（Note２） The purchase will be made with sell orders corresponding to the number ofshares to be acquired.
3. Auction market on Tokyo Stock Exchange
If the total number of shares and total amount to be acquired by the transaction reach neither
the maximum total number of shares (39,556,000 shares) nor the maximum total acquisition
value of shares (100,000,000,000 yen) specified in section [Reference] as below, after theimplementation date of the transaction, we plan to continue acquiring “K” LINE stock on theTokyo Stock Exchange, up to the total maximum number and value concerned during theacquisition period specified in section [Reference] as below.

KAWASAKI KISEN KAISHA, LTD.
ｻｽﾃﾅﾋﾞﾘﾃｨ・環境経営推進・IR・広報ｸﾞﾙｰﾌﾟ

Corporate Sustainability, Environment
Management, IR and Communication GroupNEWSLETTER

4. Others“K” LINE confirmed four major shareholders, Effissimo Capital Management Pte Ltd.
(hereinafter referred to as “Effissimo”), Mizuho Bank, Ltd., Tokio Marine & Nichido Fire InsuranceCo., Ltd. and Kawasaki Heavy Industries, Ltd. intention to sell their “K” LINE stock in quantities
roughly corresponding to their respective holding ratios as of May 7, 2024 (percentages ofshares, etc. held) with respect to the total number of “K” LINE shares to be acquired by theCompany specified in section [Reference] as below. (In the case of Effissimo, this includes stock
held through the fund it manages.)[Reference]
Details of stock repurchase resolved at the meeting of the Board of Directors (disclosed on May7, 2024)(1)Class of share: Common stock of “K” LINE

(2)

Total number of shares of common stock to be repurchased: Up to 39,556,000 shares(5.5% of the total number of shares of common stock outstanding excluding treasurystock)(3)

Total amount: Up to 100,000,000,000 yen(4)

Period: From May 8, 2024 to July 31, 2024

(5)

Repurchase method: Purchase on the Tokyo Stock Exchange through off-auction own
share repurchase trading (ToSTNeT-3) and Auction market on Tokyo Stock Exchange

For further information, please contact:
Masaya Futakuchi
General Manager, General Affairs Group
Tel: +81-3-3595-5061
Kawasaki Kisen Kaisha, Ltd. (“K” LINE)“K” LINE’s website URL:

https://www.kline.co.jp/en/index.html

Note: The forecasts of financial results set forth in this document were calculated based on available
information at the time of announcement. Actual results may differ from the forecast depending on
various factors such as future developments in the business environment.

KAWASAKI KISEN KAISHA, LTD.
ｻｽﾃﾅﾋﾞﾘﾃｨ・環境経営推進・IR・広報ｸﾞﾙｰﾌﾟ

Corporate Sustainability, Environment
Management, IR and Communication Group