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August 29, 2002
Kawasaki Kisen Kaisha, Ltd.

"K" LINE Publishes Environmental Report 2002

Kawasaki Kisen Kaisha, Ltd. (hereunder referred to as "K" LINE) takes pleasure in announcing the publication of its first Environmental Report outlining environmental conservation activities by "K" LINE and its three group companies for ship management during fiscal 2001. "K" LINE's Environmental Report 2002 aims to introduce its activities to customers, stockholders, investors, etc.

The Company has earlier committed "preservation/protection of the earthly environment" as a priority-given assignment within its management plans, New "K" LINE Sprit for 21 from April 1998 to March 2002 and KV-Plan from April 2002 to March 2005. The following brief chronology highlights "K" LINE's efforts for environmental preservation:

May 2001: "K" LINE Group's Environmental Policy was established.

October 2001: The Environmental Management System was commenced.

February 2002: ISO14001 certification was acquired.

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