CORPORATE ANNOUNCEMENT

15 January, 2003

MOL (Brasil) to launch Branch Office in Curitiba

Mitsui O.S.K. Lines (MOL) today announced the opening of the third branch office of MOL(Brasil) Ltda. in Curitiba.

First one was opened in Manaus in 1995 followed by Belem commercial office in 1996 and now Curitiba which will start operations on January 22, 2003.

The opening of Curitiba (Parana state) commercial branch will surely enhance customer service, improve the cost competitiveness of its sales activities through even closer monitoring in such potential market. At initial stage, a staff of two people will be running the office.

MOL (Brasil) Ltda., Curitiba Branch

• Address :
      Av. C-ndido Abreu, 526 – 13o. andar – conj. 1301B e 1302B
      Centro C-vico, Curitiba – PR – Brazil CEP: 80530-905
   
• TEL : 55-41-252-0030
• Email : cwbsl@molbrasil.com.br
• Staff :
  • Alexandre Henrique Gon-alves (Manager)
  • Clovis Magalhaes Pereira Netto (Manager Assistant)

For further information, please contact:
 
    Mitsui O.S.K. Lines, Ltd.
    Masaya Yamada
    Liner Administration Group, Liner Division
    Tel: 81-3-3587-7131 / Fax: 81-3-3587-7728
    E-mail: ladmo@mail.mol.co.jp