EXHIBIT FEATURES PAINTINGS OF WORLD WAR II ERA MOL SHIPS

EXHIBIT FEATURES PAINTINGS OF WORLD WAR II ERA MOL SHIPS

Mitsui O.S.K Lines Ltd. recently exhibited works of a former company artist, Ichiro Okubo, which included paintings of MOL ships destroyed during World War II.

The exhibition, sponsored by MOL, was organized by the Association to Honor Seafarers Who Died on Duty.MOL said the Japanese maritime industry lost 60,000 seamen and over 2,500 ships, representing 8.4 million gross registered tons, by the end of World War II.

Mr. Okubo was hired as MOL's artist in 1926 and drew ships for MOL's posters and PR magazines. During World War II, he turned his attention to wrecked MOL ships, based on accounts from seafaring survivors.

MOL said it found 37 of Mr. Okubo's paintings at its warehouse in Osaka in 1982.

Since December 1982, Mr. Okubo's paintings have been exhibited all over Japan. MOL said the association decided to have an exhibition this year in Tokyo since this year marked 50 years after the end of the World War II.

One painting shows MOL seamen floating on broken pieces of wood saluting as their merchant ship, the 8,614-gross-ton Kansai Maru, goes down.

Another shows the captain of the 12,752-gross-ton Brazil Maru with his hands upraised as he goes down with the ship.