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NEWS RELEASE

15 April, 2005

MOL's Second Global Back Office Operation in Mumbai, India

Efficient information processing support to worldwide off

MOL has announced that MOL Information Processing Services (India) Pvt. Ltd was set up at Mumbai, India, with effect from February 1, 2005, to provide efficient information processing support to worldwide offices around-the-clock.

As a part of MOL's strategic objective to maximize its corporate values and customer service, MOL has commenced its second global back office operation in Mumbai - MOL Information Processing Services (India) Pvt. Ltd (MOLIP (India)) - provides extensive information processing support on a 365/24/7 footing to the offices throughout the world. Owing to a large talent pool, sound IT infrastructure and expertise in handling back office operations, India has established a business processing outsourcing (BPO) center. The first one was set up in China.

The center initially aims at centralizing documentation process for the US, Europe, Middle East and India. Subsequently it serves functions to review business processes and evaluate centralization. The center can combine effective management and save costs.

MOL (Mitsui O.S.K. Lines) is one of the world's leading multi modal and deep-sea container carriers. It has over 100 years of maritime history covering Asia, Middle East, Africa, Europe, North America, South America, Australia, and New Zealand, with links to east-west routes. In all, MOL serves about 40 routes and 70 fleets all over the world, meeting the logistics needs of today's global business. MOL is renowned for its global quality service standards offering diverse supply chain solutions. As per Forbes 2000 ranking of Top Global Companies, MOL is one of the only three global ocean carriers ranked among the worlds' Top 1000 companies.

MOLIP (India):

Address: MOL Information Processing Services (India) Pvt. Ltd
  Unit No. 3, 8/F, B Wing,
  Tradestar, Andheri - Kurla Road,
  Andheri (East),
  Mumbai 400 059
  India.
Tel No.: +91-22-55078300
Fax No.: +91-22-55078301

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