CORPORATE ANNOUNCEMENT

8 June, 2004

Honda Trading America Corporation Names MOL its #1 U.S. Export Carrier

Concord, CA – MOL (America) Inc. is pleased to announce that Honda Trading America Corporation (HTA) has awarded MOL with its "2003 Top U.S. Export Carrier of the Year" award.  This award was given to MOL after it was determined that the transportation company's consistent performance in the U.S. export trade helped HTA to achieve its business goals.  

"We are very proud that Honda Trading America has selected MOL to receive such a prestigious award.  We consider being recognized by our customers as an accountable and reliable business partner to be one of our key goals," commented Ray Keene, Executive Vice President and Chief Operating Officer, MOL (America) Inc.

MOL is one of the world's largest multi-modal shipping companies, operating a diverse network of container shipping and logistics services around the globe.  Please visit the company's website at www.MOLpower.com.

For additional information, please contact Ann Elleflot, Manager, Advertising/Communications, MOL (America) Inc. by telephone (925/688-2604) or e-mail (ann.elleflot@MOLamerica.com).