Press Release - MOL Logistics (Japan) Co., Ltd.

MOL Logistics (H.K.) integrates two other MOL logistic affiliates in Hong Kong / Information by MLG/TYO

MOL Logistics (H.K.) integrates two other MOL logistic affiliates in Hong Kong

December 10, 2001

MOL Logistics (H.K.) integrates two other MOL logistic affiliates in Hong Kong

TOKYO - MOL Logistics (Japan) Co., Ltd. (MLG Japan, President: Tadashi Ogiwara) today announced that its subsidiary in Hong Kong, MOL Logistics (H.K.) Ltd. formerly known as M.O. Air International (H.K.) Ltd. and renamed as of December 1, 2001, is scheduled to be integrated on January 1, 2002. with two other logistic outfits in Mitsui O.S.K. Lines Co., Ltd.(MOL) group. They are Hong Kong Logistics Co., Ltd. and Japan Express (H.K.) Ltd., specializing in warehouse operation/ocean freight forwarding and ocean freight forwarding/international household removals respectively. The intended integration is aimed to launch a total logistics solution provider capable of meeting the wide variety of logistic requirements from the customers and to play a key role in enhancing the upgraded total services in the areas of Hong Kong and South China.

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New Company Profile

Company Name

MOL Logistics (H.K.) Ltd.

Date of Integration

January 1, 2002

Capitalization

HK$3.68 million (US$ 470 thousand)

Shareholders

MOL Logistics (Japan) Co., Ltd.	87%
MOL	11%
Japan Express Co., Ltd.	2%

Directors

Managing Director: Shigeki Kamaga (Director, MLG Japan)
Director: Tadashi Ogiwara (President, MLG Japan)
Director: Hiroyuki Sato (Senior Managing Director, MOL)
Director: Minoru Kawabata (President, Japan Express)

Main Business

Air & Ocean Freight Forwarding, Customs Clearance, Distribution,
International Removal, Supply Chain Management, 3^rd Party Logistics

For further information, please contact:

Hiroshi Furusawa
Manager, Corporate Planning Dept.
MOL Logistics (Japan) Co., Ltd.
Tel: 81-3-5295-1501 Fax: 81-3-5296-5751
E-Mail: hiroshi.furusawa@mol-logistics.co.jp

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[ 2001 ]

M.O.Air System to be renamed MOL Logistics (Japan) Co., Ltd. / Information by MOA/TYO

M.O. Air Systems to Be Renamed MOL Logistics (Japan) Ltd.

August 1, 2001

M.O. Air System to Be Renamed MOL Logistics (Japan) Ltd.
Company will serve as a core of MOL worldwide logistics operations

M.O.Air System, Inc. (MOA / Head office Tokyo, President Tadashi Ogiwara) today announced plan for a new company name - MOL Logistics (Japan) Co., Ltd. - The name change, which takes effect on October 1, is intended to strengthen the Corporate brand and enhance identification on its world-wide network.

*New Name	MOL Logistics (Japan) Co., Ltd.

*Symbol Mark

* Date to change	October 1st , 2001
*Objective

MOA, as Total Logistics Provider, is expanding its business all over the world by its worldwide network.
Also group of Mitsui O.S.K. Lines. (MOL / Head office Tokyo), in order to deliver top- quality transportation services, is consolidating further logistics network links with its current world-wide ocean shipping service. In this respect, MOA is expected to play a key role in the group logistics network.
At this stage, in order to identify network of MOA more clearly, MOA decide to rename including -MOL Logistics- as Corporate brand which shall be symbolic used for world-wide group logistics network.
Hereafter, MOA shall continuously provide overall logistics support such as Supply Chain Management, and 3rd party logistics services to its worldwide customers through well-established information technology.

* For further information, please contact:

Hideaki Mure, Director / General Manger of Corporate Planning Dept.
M.O. Air System, Inc.
Tel . 81-3-5295-1501 Fax : 81-3-5296-5751 E-Mail : hideaki.mure@moa.co.jp

----------- For reference MOA profile -----------

(1) Company Name	:	M. O. Air System, Inc. ( To be renamed MOL Logistics (Japan) Co., Ltd.)
(2) Share Capital	:	Yen 756.25 million
(3) Main Shareholders	:	MOL52.5 %, Mitsui & Co., Ltd.15.3 %, Sumitomo Corporation 8.5 % etc.
(4) Corporate Representative	:	President : Tadashi Ogiwara
(5) Main Business	:	Air & Ocean Freight Forwarding, Customs Clearance, Supply Chain Management, International Removal, Distribution, etc.

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[ 2001 ]

Implementation of 3rd phase of cargo tracking system and disclosure of our service to the customer. / Information by MOA/TYO

To our valued customers,

Important Notice of 3rd Phase of cargo tracking system

Subject

:

Implementation of 3rd phase of cargo tracking system and disclosure of our service to the customer.

We are pleased to inform you of implementation of 3rd phase of cargo tracking system.

Please reconfirm your readiness about implementation of 3rd phase of cargo tracking system.

Check points;

-	Is all personnel understanding the object of cargo tracking system?
-	Are persons in charge about cargo tracking system surely appointed at every branch?
-	Do persons in charge fully understand how to operate cargo tracking system?
-	To input and update both airwaybill registration and cargo status, do you equip necessary number of P/Cs or system interface?
-	Do persons in charge fully note the timing when they should input or update cargo status?
-	Are persons in charge immediately able to take action in case of system trouble?

The areas and cities to cover by this service.

Among Japan, USA, Malaysia, Singapore, Jakarta, Hong Kong, Shanghai,Thailand,Netherlands, Germany, England, Budapest（Hungary ）,Prague(Czech）,Ljubljana（Slovenia) ZAGREB（Croatia ） LINZ （Austria）and VIENNA（Austria）

The shipments to be input

All consolidated shipments which will be forwarded among above entioned areas are the object to input.

Kick off day of 3rd phase

4th June 2001

Information to be served by this service

Origin

1.	AWR (Airwaybill number is reserved.)
2.	CRC (Cargo is ready for clearance.)
3.	ECC (Export customs cleared.)
4.	DEP (Departed.)
5.	VIA1 (Flight departed by way of 1st transit point.)

Destination

6.	AOF ( Arrived on a flight.)
7.	RLD ( Arrival documents are released to consignee or his agent.)
8.	SCL ( Schedule of customs clearance and cargo delivery.)
9.	ICE ( Import customs entry.)
10.	ICC ( Import customs cleared.)
11.	DDL ( Delivered to consignee's door.)

How to get an access to our cargo tracking system

1)	We have placed the button to start cargo tracking on our Homepage 「MOA Cargo」as from 9th April 2001.
2)	We have placed the button to access our cargo tracking system on the Cargo tracking site named CARGO NAVI ( http://www.cargonavi.com/ ） as from 9th April 2001. FYI: This site is described only in Japanese.

Should you have any queries, please feel free to contact to our customer assistant near by.

Sincerely yours,

[ 2001 ]

MOA (MOL)Group Strengthens Groupwide Logistics Business / Information by MOA/TYO

Tokyo, March 27, 2001

MOA (MOL) Group Strengthens Groupwide Logistics Business

– M.O. Air System, Inc. launches MOL Logistics subsidiaries
in Malaysia, the Philippines, and Australia –

M.O. Air System Inc., Japan, is pleased to announce that its Philippine and Australian subsidiaries will be newly established based on its Representative offices effective from April 02, 2001, under the name of "MOL Logistics".

Prior to these new subsidiaries, its Malaysian subsidiary, M.O. Air International (Malaysia) Sdn Ltd. has changed its name to MOL Logistics (Malaysia) Sdn Ltd since March 05, 2001.

New Company Profiles ;

MOL Logistics (Malaysia) Sdn. Bhd.

Renamed: March 5, 2001

Paid-in Capital: M$1,000,000 (US$260thousand)

Shareholders: M.O. Air System 26%, Mitsui O.S.K. Lines (Malaysia) Sdn. Bhd. 25%, local partner 49%

Managing Director: Noboru Yamakawa

Main Business: Air/Sea Freight Forwarding, Warehousing, Trucking, Supply Chain Management

MOL Logistics Philippines Inc.

Renamed: April 2, 2001

Paid-in Capital: Peso 9,500,000 (US$200 thousand)

Shareholders: M.O. Air System 22%, Mitsui O.S.K. Lines, Ltd. 18%, local partners 60%

President: Fernando V. Navarra, Jr.

Director: Yasushi Nagashima

Main Business: Air/Sea Freight Forwarding, Warehousing, Trucking, Supply Chain Management

MOL Logistics (Australia) Pty. Ltd

Founded: April 2, 2001

Paid-in Capital: A$400,020 (US$210 thousand)

Shareholders: M.O. Air System 100%

Managing Director: Shinjiro Kato

Main Business: Air/Sea Freight Forwarding, Warehousing, Trucking, Supply Chain Management

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* For more information, please contact:

Hachiro Fukuda, Group Manager of Planning & Coordination Group, Cargo Administrative Dept., M.O. Air System (MOA)

Telephone: 81-3-5295-1505 Facsimile: 81-3-5296-5760 E-mail: hachiro.fukuda@moa.co.jp

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[ 2001 ]

New cargo tracking service is now ready / Information by MOA/TYO

Tokyo, April 5, 2001

New cargo tracking service is now ready

M. O. Air system Inc., Japan is pleased to announce that our new cargo tracking service will be launched and opened to the public on the Website effective April 9, 2001.
As long as you have P/C, which can get access to the Internet, you can track your shipping milestones. Our seeking goal is to serve not only cargo tracking information but also value added information, which can help your customer's supply chain solution. Such new additional function will be released shortly. To meet your expectation, our new challenge has just begun.

[1]　The areas covered by this service　；

Among Japan, USA, Malaysia, Singapore, Jakarta, Hong Kong, Shanghai and Thailand.
* The other areas are coming soon.

[2]　The shipments monitored on the internet；

All consolidated shipments which will be forwarded by MOA offices and its agents in the countries mentioned above.

[3]　Commencement of Service； 9th April 2001

[4]　Information available on this service　；

Origin - 5 points
1. AWR　 (Air waybill number is reserved.)
2. CRC　 (Cargo is ready for clearance.)
3. ECC 　(Export customs cleared.)
4. DEP　 (Departed.)
5. VIA1　 (Flight departed by way of 1st transit point.)
Destination - 6 points
1. AOF　 (Arrived on a flight.)
2. RLD　 (Arrival documents are released to consignee or his agent.)
3. SCL　 (Schedule of customs clearance and cargo delivery.)
4. ICE (Import customs entry.)
5. ICC (Import customs cleared.)
6. DDL (Delivered to consignee's door.)

[5]　How to get an access to our cargo tracking system ;

1) Set the button to start cargo tracking on our Homepage

（「MOA Cargo」（ http://www.moa.co.jp/cargo/） as from 9th April 2001.

　

2) Set the button to access our cargo tracking system on the Cargo tracking site

named CARGO NAVI ( http://www.cargonavi.com/ ） valid on and from 9th April 2001.
FYI: This site is described only in Japanese.

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* For more information, please contact:

Hachiro Fukuda, Group Manager of Planning & Coordination Group, Cargo Administrative Dept.,
M.O. Air System (MOA)
Telephone: 81-3-5295-1505 Facsimile: 81-3-5296-5760 E-mail: hachiro.fukuda@moa.co.jp

Ikuo Teranishi, Manager of Information Technology Dept.,
M.O. Air System (MOA)
Telephone: 81-3-5295-1669 Facsimile: 81-3-5296-5751 E-mail: ikuo.teranishi@moa.co.jp

[ 2001 ]