In the past, the Santiago Representative office of Mitsui O.S.K. Lines South America (MOLSAM) has functioned as the regional control center in the West Coast of South America (WCSA), but with the establishment of MOL (Chile), this local company will be charged with improving current service qualities, sales activities, and cost competitiveness through the management of all agents on the WCSA.Thus, in South America, MOL established a business structure made up of MOL (Chile), as supervisor for WCSA, and MOLSAM in Sao Paulo, as supervisor for the East Coast of South America(ECSA). Both are under the control of MOL (America) Inc in U.S.A., which manages both North America and South America.

Brief Profile of MOL (Chile): Name: MOL (Chile) Ltda. - Location: Santiago, Chile - Launch of Operation: April 5, 2002 - Capital: US$100,000

Business: Regional office in West Coast of South America, in control of MOL Liner/Non-Liner business

Coverage Area: Chile, Peru, Ecuador, Bolivia, and Colombia (Coverage area of Columbia is only for liner activities on the Pacific Coast)

Management: Gerente General: Kenichi Nagata

For further information, please contact: Mitsui O.S.K. Lines, Ltd., Masaya Yamada, Liner Administration Team, Liner Administration Department, Liner Division, Tel: 81-3-3587-7131, Fax: 81-3-3587-7728, Email: ladmo@mail.mol.co.jp