Tamai Steamship Co., Ltd. authorizes a Buyback Plan.

TAMAI STEAMSHIP CO., LTD. is a Japan-based company mainly engaged in the marine transportation business and the real estate leasing business. The Company operates in three business segments. The Overseas Marine Transportation segment is engaged in the transportation of aluminum hydroxide, grains, slags and cement clinkers, as well as the short term ships charter business. The Domestic Marine Transportation segment is engaged in the transportation of aluminum hydroxide, the regular ships charter business, and the crew dispatch business. The Real Estate Leasing segment is engaged in the leasing of rental apartments and other real estate.