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April 2, 2002
Kawasaki Kisen Kaisha, Ltd.

"K" Line Announces Tunisia and Morocco Expansion

With effect from April 1, 2002 Kawasaki Kisen Kaisha, Ltd. (referred to herein as "K" LINE) has appointed agents in Tunisia and Morocco as part of the Line's continued expansion of its Mediterranean coverage in conjunction with the introduction of new services and additional destination opportunities.

Tunisian cargoes to and from Japan and Asia will be carried via Malta on "K" LINE's Japan Express Service. Morocco will be served over both Valencia on the Asia Express Service and Barcelona on the AUM (Asia-US-Mediterranean) services.

The Tunisian and Moroccan markets will now be connected to "K" LINE's exiting Global Service Network.

The new agency details are:

Tunisia

TIPIC Shipping Agency, Route du Port, 2040 Rades, Tunisia
Tel : 216-71-469888 Fax : 216-71-469361

Morocco

LoadLine s.a.r.l. 47 Boulevard Mohammed Ben Abdellah, Residence Belle Vue B, 3eme Etage, No 2 Casablanca, Morocco
Tel : 212-22-266991 Fax : 212-22-264915

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