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May 29, 2009
Kawasaki Kisen Kaisha, Ltd.

"K" Line Establishes its own Agency in Brazil

KAWASAKI KISEN KAISHA, LTD. ("K" LINE) is pleased to announce it has established its own shipping agency, "K" LINE RORO & BULK AGENCIA MARITIMA LTDA., in Brazil for Car Carrier and Bulk shipping business (both dry and liquid, including energy transportation) with business operations having officially commenced on May 18, 2009. The new company was established as a joint venture between "K" LINE BRASIL LTDA., "K" LINE's 100%-owned general agent, and the owners of the former agent (CAPRICORN AFRETAMENTOS LTDA.) for "K" LINE Car Carrier business in Brazil.

"K" LINE RORO & BULK AGENCIA MARITIMA LTDA. has undertaken all agency work for "K" LINE Car Carrier business as well as being positioned for future strategic functions as "K" LINE furthers its business expansion in Brazil in view of potential growth in both the Bulk and Energy transportation sectors.

<Details of the company>

"K" LINE RORO & BULK AGENCIA MARITIMA LTDA.
Head Office - Sao Paulo / Branch Office - Rio de Janeiro, Brazil

<Sao Paulo>

Address Av. Paulista, 542-1 Andar Cep 01310-000 Bela Vista Sao Paulo, SP, Brasil
CEO Toru Otoda
Phone (+55) 11-3175-2130

<Rio de Janeiro>

Address Av. Treze de Maio n 33-28 Andar Ala Alta CEP 20031-920 Rio de Janeiro, (RJ)-Brasil
Director President Lidia Maria Almeida
Phone (+55) 21-3231-3773

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