It has been brought to our attention that, in an electronic mail message sent by some employees of APL Logistics Ltd (“APLL,” based in Singapore and part of the KWE group) to customers between September 20 and 21, comments, based solely on the employee’s own judgement, were made on the financial situation of KAWASAKI KISEN KAISHA, LTD (“K”LINE).

 APLL has posted a comment on its website to address that the comments in question were not approved by APLL, and the employee has retracted the comments.

 We will surely keep on strengthening the governance over our group companies.

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