Change of Board Members as of June 27, 2003

February 28, 2003

Change of Board Members as of June 27, 2003

Kawasaki Kisen Kaisha, Ltd. ("K" LINE) is pleased to announce that the following changes in the Board of Directors have been decided subject to approval at the Ordinary General Meeting of Shareholders and the following Board Meeting on June 27, 2003.

1. Newly Appointed Candidates for Directorship

(name)	(new position)	(current position)
Toshio Suzuki	Director	Vice President of "K" Line America, Inc.
Mamoru Shozui	Director	Managing Director of "K" Line (Hong Kong) Ltd.
Kozo Eguchi	Director	General Manager of Marine Safety Administration Group
Takumi Yoshii	Director	General Manager of Car Carrier Planning & Co-ordination Group

2. Board Members to Resign

(name)	(current position)	(planned post-retirement assignment)
Takefumi Araki	Senior Managing Director	President of Kawasaki Kinkai Kisen Kaisha, Ltd.
Keisuke Nagato	Managing Director	Senior Managing Director of Daito Corporation

The responsibilities of Board of Directors as of June 27, 2003 are shown in the attached.

For more details kindly contact as follows:
Naoki Kawamura, General Manager, IR & PR Group
Tel: +81-3-3595-5063 Fax:03-3595-5001

Board of Directors as of June 27, 2003

(New assignment subject to approval at the Ordinary General Meeting of Shareholders and the following Board Meeting on June 27, 2003.)

(title)	(name)	(responsibilities)
Chairman	Isao Shintani*
President	Yasuhide Sakinaga*
Senior Managing Director	Hiroyuki Maekawa*	Car Carrier sector, Corporate Planning Group and Finance Group
Senior Managing Director	Isao Akiba*	Bulk Carrier sector and Energy Transport sector
Senior Managing Director	Yoshio Iinuma*	Container Transportation sector, Information System and Logistics business
Senior Managing Director	Yoichi Hasegawa*	Corporate Sector (except Corporate Planning Group and Finance Group) and Marine/Technology sector
Managing Director	Nobuya Kamisaka	Containership Sales sector
Managing Director	Tetsuo Shiota	Corporate Sector (except Corporate Planning Group and Finance Group)
Managing Director	Katsue Yoshida	Energy Transport sector and Tanker Group
Managing Director	Satoru Kuboshima	Information System and Logistics business
Managing Director	Fumito Kawamata	CEO of "K" Line (Europe) Limited
Managing Director	Shigeru Soda	Coal & Iron Ore Carrier Group
Director	Norio Tsutsumi	Ship Planning Group, Environment Management and Marine Technology
Director	Toshio Shimizu	Containerships Business Group, Container Transport Management Group and Port Business Group
Director	Shigenori Ishii	Thermal Coal Group
Director	Yoshiyuki Ohta	Bulk Carrier Planning & Co-ordination Group and Bulk Carrier Group
Director	Hisashi Yasui	LNG Group
Director	Toshinori Morita	Car Carrier Group No.1 and Car Carrier Group No. 2
Director	Toshio Suzuki	President & CEO of "K" Line America, Inc.
Director	Mamoru Shozui	Corporate Planning Group, Finance Group and China Committee
Director	Kozo Eguchi	Maritime Human Resources Group, Marine Safety Group and Maritime Cost Administration Group
Director	Takumi Yoshii	Car Carrier Planning & Co-ordination Group

* Marked Directors represent the Company.

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