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

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