NEWS RELEASE

February 2000

MOL RECEIVES "CARRIER OF THE YEAR" AWARD FROM A&A INTERNATIONAL

CONCORD, CA - MOL (America) Inc. is pleased to announce that for the third straight year in a row, the company has received the prestigious "Carrier of the Year" Award from A&A International, the purchasing/logistics arms of Radio Shack.

MOL was ranked number one ocean carrier in overall performance, including customer service, communication, transit times, documentation, and claims handling. Mr. Mark Yamagata, Executive Vice President for A& A International presented the award to MOL.

"We are very thrilled that A&A International was pleased with the service we provided for them in 1999. We feel extremely fortunate that we have been recognized by A& A to be an accountable and reliable business partner," commented Raymond Keene, Executive Vice President and Chief Operating Officer, MOL (America) Inc.

MOL operates one of the most diverse networks of liner services spanning the globe, including weekly sailings serving the Trans-Pacific, Trans-Atlantic, Americas, and Asia-Europe trades. MOL (America) Inc. is a wholly owned subsidiary of MOL Ltd., the world's largest multi-modal shipping company. Please visit our website at www.mitsuiosk.com.

For further information, please contact Ann Elleflot, Manager of Advertising/Communications, Mitsui O.S.K. Lines (America) Inc. by telephone (925-688-2604) or e-mail (ann.elleflot@mitsuiosk.com).