Nippon Yusen Kabushiki Kaisha : Notice of Partial Amendments to the Articles of Incorporation

May 15, 2018

To our shareholders

Notice of Partial Amendments to the Articles of Incorporation

Nippon Yusen Kabushiki Kaisha (Hereafter "NYK") hereby announces that at the meeting of the Board of Directors held today, NYK resolved to propose partial amendments to its Articles of Incorporation at the 131st Ordinary General Meeting of shareholders scheduled to be held on June 20, 2018 (Hereafter "General shareholders' meeting"). Details are as follows;

• (1) Reason for the amendments

  NYK will make necessary amendments to the Object of the Articles of Incorporation in order to further clarify the business in line with the present status of business activities of NYK and its subsidiaries and respond to future business development, etc. The item numbering is to be adjusted due to the new establishment of items.

• (2) Details of the amendments

  Details of the amendments are as follows.

(Underlined parts indicate the amendments.)

CHAPTER I

GENERAL PROVISIONS Article 1. (Provisions omitted)

GENERAL PROVISIONS Article 1. (Unchanged)

(Object)

(Object)

Article 2.

Article 2.

The object of the Company shall be to engage in the following businesses:

The object of the Company shall be to engage in the following businesses:

• 1. Marine transportation;

  • 1. Marine transportation;

• 2. Land transportation;

  • 2. Land transportation;

• 3. Air transportation;

  • 3. Air transportation;

• 4. Agency business for marine transportation, land transportation and air transportation;

• 4. Handling and agency business for marine transportation, land transportation and air transportation;

(Newly established)

• 5. Consigned freight forwarding business

  • 5. Warehousing;

• 6. Warehousing, customs clearance and logistics business;

• 6. Harbour transportation;

  • 7. Harbour transportation;

• 7. Combined transportation by sea, land and air, and agency business connected therewith;

• 8. Combined transportation business by sea, land and air and its handling and agency business;

8. Business relating to marine exploitation and development;

9. Business relating to marine exploitation and development;

• 9. Sale and purchase of vessels;

  • 10. Sale and purchase of vessels;

• 10. Counselling relating to building and repair of vessels and marine structures;

• 11. Counselling relating to building and repair of vessels and marine structures, and logistics;

11. Business relating to information on transportation;

12. Business relating to information on transportation;

(3) Schedule for partial amendments to the Articles of Incorporation

Date of resolution at General shareholders' meeting

Effective date of partial amendments to the Articles of IncorporationScheduled on June 20, 2018

Scheduled on June 20, 2018

End.