| October 31, 2008 |
| "K" LINE Launches New Asia-East Coast South America Service |
| Kawasaki Kisen Kaisha, Ltd. ("K"LINE) is pleased to announce launching of a new service between Asia and East Coast South America in June 2009. |
| The weekly service will be operated with ten Panamax-size vessels, in partnership with Pacific International Lines (Pte) Ltd ("PIL"). Five vessels each will be deployed by "K"LINE and PIL. |
| The service will connect China and East Coast South America directly and will be supported by "K"LINE痴 comprehensive service network in Asia-Pacific / Indian Ocean region. |
| The new service will cater for fast growing demand in the trade between Asia and East Coast South America, and offer a quality service to customers. |
| For further information, please contact: |
| Yu Kurimoto |
| Manager, Planning Team, Container Business Group |
| Kawasaki Kisen Kaisha, Ltd. |
| Tel: +81-3-3595-5309 Fax: +81-3-3595-5288 |