May 25, 2017

Corporate Name: Nippon Yusen Kabushiki Kaisha Representative: Tadaaki Naito, President Security Code: 9101

Listings: First Section of the Tokyo and

Nagoya stock exchanges

Contact: Katsuya Nakano

General Manager, Finance Group (Tel. +81 3-3284-5151)

Announcement on Issue of Unsecured Straight Bonds No.38, and No.39

Nippon Yusen Kabushiki Kaisha hereby announces that it has determined the terms of unsecured straight bonds No.38, and No.39 as stated below.

Description of the Bonds No.38

Name of the Bonds: Nippon Yusen Kabushiki Kaisha Unsecured Straight Bonds No.38 Issue Amount: 20 billion yen

Maturity: 5 years

Coupon Rate: 0.390 % per annum

Issue Price: 100 yen per par value of 100 yen Closing Date: May 31, 2017

Maturity Date: May 31, 2022

Redemption: Bullet repayment upon maturity Type of offering: Public offering

Status: Unsecured

Rating: A Japan Credit Rating Agency, Ltd.

No.39

Name of the Bonds: Nippon Yusen Kabushiki Kaisha Unsecured Straight Bonds No.39 Issue Amount: 10 billion yen

Maturity: 7 years

Coupon Rate: 0.530 % per annum

Issue Price: 100 yen per par value of 100 yen Closing Date: May 31, 2017

Maturity Date: May 31, 2024

Redemption: Bullet repayment upon maturity Type of offering: Public offering

Status: Unsecured

Rating: A Japan Credit Rating Agency, Ltd.

End.

Nippon Yusen KK published this content on 25 May 2017 and is solely responsible for the information contained herein.
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