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April 30, 2008
Kawasaki Kisen Kaisha, Ltd.

Establishment of "K" LINE (INDIA) PRIVATE LIMITED

KAWASAKI KISEN KAISHA, LTD. will establish its own shipping agency in India as a joint venture together with UNITED LINER AGENCIES OF INDIA (PRIVATE) LIMITED. New company will be known as "K" LINE (INDIA) PRIVATE LIMITED, and commence operations from May 5, 2008. Head office will be in Mumbai, and will have New Delhi branch office and Nhava Sheva branch office.

In recognition of the Indian market as a strategic sector with its current high level of economic development and foreign trade growth, we believe that "K" LINE (INDIA) PRIVATE LIMITED will provide ever-more-sophisticated service to all of our customers.

"K" LINE (INDIA) PRIVATE LIMITED will accede all agency activities for KAWASAKI KISEN KAISHA, LTD. in India, which UNITED LINER AGENCIES OF INDIA (PRIVATE) LIMITED and "K" STEAMSHIP AGENCY PRIVATE LIMITED engaged in during the past.

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