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September 2, 2002
Kawasaki Kisen Kaisha, Ltd.

"K" LINE Acquiring Common Stock as Treasury Stock

Kawasaki Kisen Kaisha, Ltd. (hereunder referred to as "K" LINE) takes pleasure in announcing that it has been successfully acquiring Company common stock that will be held as treasury stock as follows:

1. Reason for Acquisition of Common Stock as Treasury Stock
The acquisition is expected to enable the Company to more effectively carry out capital policies in keeping with changing business circumstances.
2. Date of Acquisition
September 2, 2002
3. Class of Acquired Stock
"K" LINE Common Stock
4. Aggregate Number of Acquired Common Stock
5. Price of Acquired Common Stock
Yen 153
6. Aggregate Amount of Acquired Stock
Yen 153 Million
7. Details of Plan for Acquisition of Treasury Stock approved by the general stockholders meeting on June 27, 2002
  • Class of Stock to Be Acquired: "K" LINE Common Stock
  • Aggregate Number of Stock to Be Acquired: 15,000,000 Shares
  • Scheduled Aggregate Amount for Stock Acquisition: Yen 2,550 Million

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