Set-up of investor relations division

Kawasaki Kisen Kaisha, Ltd. (hereunder named “K” LINE) announced to set up Investor Relations Division within Corporate Planning Group effective from January 1, 2002.
Its purposes are as follows:
1) to timely and opportunely disclose appropriate information related to corporate management of “K” LINE and its entire Group to investors, analysts and stockholders.
2) to respond to inquiries from them immediately and appropriately.

Outline of Investor Relations Division is as follows:
1) Members of Investor Relations Division
One Manager, concurrently as General Manager of Corporate Planning Group, and one staff
2) Person in charge of IR in each Group
In order to have IR activities a comprehensive campaign of “K” LINE, a person in charge of IR will be nominated in each Group concurrently as General Manager. Persons in charge of IR will cooperate with Investor Relations Division to prepare necessary materials for investors/stockholders/etc., and attend a briefing session with Investor Relations Division if needed. At the same time, the division sponsors an inter-office meeting calling persons in charge.