News Releases in 2008

April 30, 2008

Nippon Yusen Kabushiki Kaisha (NYK; head office: Chiyoda-ku, Tokyo; president: Koji Miyahara) hereby announces that at the Board Meeting held today the Board has determined to appoint the following three persons (two candidates for the office of outside director and one knowledgeable person from outside NYK) as the initially appointed members of the Independent Committee under the “Measures for Large-scale Purchases of NYK Share Certificates for the Purpose of Securing and Enhancing Corporate Value and the Common Interests of Shareholders (Takeover Defense Measures)”, which the Board determined to adopt on March 27, 2008.

The appointment of such three members will come into force on the condition that the Takeover Defense Measures are approved by the shareholders at NYK’s 121st ordinary general shareholders’ meeting to be held in late June 2008 (the “Ordinary General Shareholders’ Meeting”).

Furthermore, the appointment of Yukio Okamoto and Yuri Okina as members of the Independent Committee will take effect on the condition that they are appointed as outside directors of NYK at the Ordinary General Shareholders’ Meeting.

Undermentioned is the career summary of the members of the Independent Committee;

Name (date of birth)	Career Summary
Yukio Okamoto (Born November 23, 1945)	April, 1968 Joined Ministry of Foreign Affairs January, 1991 Retired from the above-mentioned position March, 1991 Representative Director of Okamoto Associates, Inc. (incumbent) November, 1996 Special Advisor to the Prime Minister March, 1998 Retired from the above-mentioned position September, 2001 Special Advisor to the Cabinet April, 2003 Retired from the above-mentioned position, Special Advisor to the Prime Minister March, 2004 Retired from the above-mentioned position
Yuri Okina (Born March 25, 1960)	April, 1984 Joined Bank of Japan April, 1992 Joined The Japan Research Institute, Limited April, 1994 Senior Researcher of The Japan Research Institute, Limited April, 2000 Chief Researcher of The Japan Research Institute, Limited September,2001 Guest Professor at the Keio University Graduate School May, 2003 Director of Industrial Revitalization Corporation of Japan (part-time position) June, 2006 Research Director / Chief Senior Economist of The Japan Research Institute, Limited (incumbent)
Seigo Hirayama (Born April 15, 1934)	April, 1964 Registered Lawyer with the Tokyo Bar Association April, 2000 Vice chairman of the Japan Federation of Bar Associations, Chairman of the Tokyo Bar Association March, 2001 Retired from the above-mentioned positions April, 2006 Chairman of the Japan Federation of Bar Associations March, 2008 Retired from the above-mentioned position

(Note) Yukio Okamoto and Yuri Okina are candidates for NYK’s outside directors to be appointed at the Ordinary General Shareholders’ Meeting.