Announcement of the Appointment of New President

December 25, 2003

Nippon Yusen Kaisha (NYK) has unofficially appointed as its new president current senior managing director Koji Miyahara, 58, who will assume the president on April 1, 2004.

In conjunction with senior managing director Miyahara's promotion, incumbent president Takao Kusakari will become chairman, although he will retain his representative rights.

Both appointments will be official on January 29, when NYK convenes a meeting of its board of directors.

Incoming President Koji Miyahara's Personal History

Name

Koji Miyahara

Date of Birth

December 3, 1945

Highest Education

March 1970

Graduated from the University of Tokyo's faculty of law.

Career Record

April	1970	Joined NYK and was stationed in Yokohama.
July	1983	Sent to London.
April	1996	Assumed the post of general manager of the Management Coordination Group.
June	1999	Assumed the post of general manager of the Liner Coordination Group.
April	2000	Assumed the post of manager in charge of the Container Trade Management Group's North America business.
June	2000	Elected to a directorship.
June	2002	Assumed the post of managing director.
June	2003	Assumed the post of senior managing director.