Notice of Establishment of Joint Holding Company (Share Transfer) by Three Domestic Harbor Transportation Subsidiaries of Kawasaki Kisen Kaisha, Ltd. and Conclusion of Stock Transfer Agreement Concerning the Holding Company's Shares.

Kawasaki Kisen Kaisha, Ltd. (Head office: Chiyoda-ku, Tokyo, President & CEO: Eizo Murakami, hereinafter ""K" Line") and Kamigumi Co., Ltd. (Head office: Kobe City, Hyogo, President & COO: Yoshihiro Fukai, hereinafter "Kamigumi") announce today that it was agreed that three domestic harbor transportation subsidiaries of "K" Line will establish a joint holding company that will become the wholly owning parent company of the three subsidiaries through the relevant share transfer, and assuming the approvals and licenses from the relevant authorities are granted and relevant procedures have been made, "K" Line will transfer 49% of the total shares of the holding company to Kamigumi.

１．Target Domestic Harbor Transportation Subsidiaries of "K" Line
　　Daito Corporation, Nitto Total Logistics Ltd., SEAGATE CORPORATION (hereinafter referred to
　　collectively as the "Three Target Companies"), which mainly engages in harbor transportation
　　business in Japan.

２．Purpose
　　We aim to further improve service quality by utilizing resources such as technology, knowledge
　　and management resources that both companies have cultivated in harbor transportation
　　business and domestic logistics business.

３．Schedule
　　December 21, 2018 (Fri)　　Execution of the Share Transfer Agreement　
　　　　　　　　　　　　　　　 　between "K" Line and Kamigumi
　　April 1, 2019 (Mon) (Plan)　 Establishment of new Holding Company and
　　　　　　　　　　　　　　　　 transfer of 49% of shares to Kamigumi

４．Outline of the Three Target Companies（as of March 31, 2018）

For inquiries on this matter, contact : Public Relations Dept.

TEL. +81-78-271-5110