| February 22, 2002 |
To whom it may concern : |
| At a regular meeting of Kawasaki Kisen Kaisha, Ltd., Board of Directors on February 22, it has been resolved to assign the present Director, Mr. Isao Akiba, to Managing Director and to change the responsibilities of some Board of Directors as of April 1, 2002. |
| His personal profile and the new Board of Directors are shown in the attached. |
| 1) Mr. Akiba’s personal profile |
| 2) Board of Directors as of April 1, 2002 |