Decades of Experience to Further Enhance Safe Tanker Operation

TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today announced that effective April 1, its wholly owned management companies for tankers, MOL Tankship Management (Asia) Pte Ltd (MOLTA; Managing Director: Toshihiko Ota; Headquarters: Singapore) and MOL Tankship Management (Europe) Ltd. (MOLTE; Managing Director : Ikutoshi Kato; Headquarters: London) will be unified (Note 1) under a new name: MOL Tankship Management Pte. Ltd. MOL Tankship Management Pte. Ltd. will continue to strive for further enhancement in operating safety, making the most of both companies’ years of valuable experience and stockpile of important know-how.

(Note 1) Unified MOLTA as the Headquarter and MOLTE as the London Branch

[Outline of MOL Tankship Management Pte. Ltd. effective April 1, 2020]

Company Name MOL Tankship Management Pte. Ltd.

Address of Head Office 5 Shenton Way #17-02/03 UIC Building, (Note 2) Singapore

TEL +65-6249-6899

Unification Date April 1, 2020

Paid-in Capital Singapore $2,389,700 (About ¥263 million)

Representative Toshihiko Ota

Address of Branch 3 Thomas More Square, London, E1W 1WY

TEL +44-20-3764-8300

Business Tanker management

No. of Employees 91

(Note 2) The address, telephone number, and email address are unchanged

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