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K Line: Notice of Financing through Subordinated Loan

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) hereby announces that it has decided to raise funds through subordinated loan (the “Subordinated Loan”) as detailed below.

1. Objective and Significance of the Subordinated Loan
In addition to the business structural reforms set forth in the announcement dated March 7, 2019, the “K” LINE group has been developing its core businesses through the ongoing rebuilding portfolio strategy, with an aim to expand the stable income business and achieve a sustainable growth. As one of the measures to accomplish the goal, the group has decided to raise funds through the Subordinated Loan, which is a financing method that enhances financial foundation while maintaining capital efficiency.

2. Overview of the Subordinated Loan
“K” LINE is planning to raise funds through the Subordinated Loan with the following conditions.

(Note) “K” LINE may decide not to replace the Subordinated Loan with other financial instruments that have an equal or higher equity credit, if the company satisfies predefined financial requirements.
Source: Kawasaki Kisen Kaisha, Ltd.

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