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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.

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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