News and Press Releases

April 21, 2006 -Tokyo, Japan. - Kawasaki Kisen Kaisha, Ltd. ("K" Line) has decided in a board meeting held today on changes to its Board of Directors and its formation. These changes are subject to approval at the Ordinary General Meeting of Shareholders and the following Board meeting on June 26, 2006.

I. The list of responsibilities of Executive Officers scheduled on and after June 26, 2006.

Please refer to Attachment

II . The list of Directors & Corporate Auditors scheduled on and after June 26, 2006.

Please refer to Attachment

III. Directors

1. Retirement/Change of Responsibilities
   

   Present Position	Name	Scheduled new position
   Managing Director	Nobuya Kamisaka	Continue President of "K" Line (Japan) Ltd.
   Managing Director	Fumito Kawamata	Executive Vice President of International Transportation Service Inc.
   Managing Director	Mamoru Shozui	Senior Managing Director of "K" Line Air Service, Ltd.
   Managing Director	Shigeru Soda	Continue as Executive Officer of "K" Line
   Managing Director	Shigenori Ishii	Continue as Executive Officer of "K" Line
   Managing Director	Yoshiyuki Ota	Continue as Executive Officer of "K" Line
   Director	Hisashi Yasui	Continue as Executive Officer of "K" Line
   Director	Toshio Suzuki	Continue as Executive Officer of "K" Line
   Director	Takumi Yoshii	Continue as Executive Officer of "K" Line
   Director	Kazuyuki Oda	Continue as Executive Officer of "K" Line
   Director	Akira Otsu	Continue as Executive Officer of "K" Line
   Director	Yoshikazu Minagawa	Continue as Executive Officer of "K" Line
   Director	Jiro Asakura	Continue as Executive Officer of "K" Line
   Director	Eizo Murakami	Continue as Executive Officer of "K" Line

    
2. New appointment/Promotion
   

   Name	Present Position
   Eiichi Suzuki	President, Seagate Corporation Will serve as Advisor from May 12, 2006.
   Keisuke Yoshida	General Manager, Finance Group

    
3. Change of Representative Director
   Yasuhide Sakinaga will resign from this responsibility (will keep assume Chairman of the Board)
   Eiichi Suzuki will assume this responsibility
   
4. The present title of position of Senior Managing Director and Managing Director on the Board of Directors will be abolished.

IV. Lineup of Executive Officers (Board Member as well)

Title of Position	Name
President & CEO *	Hiroyuki Maekawa
Vice President & Assistant CEO *	Eiichi Suzuki
Senior Executive Officer *	Yoichi Hasegawa
Senior Executive Officer *	Tetsuo Shiota
Senior Executive Officer *	Katsue Yoshida
Senior Executive Officer *	Toshio Shimizu
Managing Executive Officer *	Satoru Kuboshima
Managing Executive Officer	Shigeru Soda
Managing Executive Officer *	Norio Tsutsumi
Managing Executive Officer *	Toshinori Morita
Managing Executive Officer	Shigenori Ishii
Managing Executive Officer	Yoshiyuki Ota
Managing Executive Officer	Toshio Suzuki
Managing Executive Officer *	Kozo Eguchi
Managing Executive Officer	Kazuyuki Oda
Managing Executive Officer	Eiichi Murakami
Executive Officer	Hisashi Yasui
Executive Officer	Takumi Yoshii
Executive Officer	Akira Otsu
Executive Officer	Yoshikazu Minagawa
Executive Officer	Jiro Asakura
Executive Officer *	Takashi Saeki
Executive Officer	Eizo Murakami
Executive Officer *	Keisuke Yoshida

Attachment 1
The responsibilities of Executive Officers on and after June 26, 2006
Title	Name	Responsibilities
President & CEO	Hiroyuki Maekawa	-
Vice President & Assistant CEO	Eiichi Suzuki	Assistant to President, Overall Bulk Carrier Business, Dry Bulk Carrier Business
Senior Executive Officer	Yoichi Hasegawa	Car Carrier Business, Development of business in China & Emerging Business Areas
Senior Executive Officer	Tetsuo Shiota	Corporate Sector
Senior Executive Officer	Katsue Yoshida	Energy Resources Transportation Business, Technical Sector
Senior Executive Officer	Toshio Shimizu	Containership Business, Port Business, Total Logistics Business
Managing Executive Officer	Satoru Kuboshima	Accounting, Legal and General Affairs
Managing Executive Officer	Shigeru Soda	CEO of "K" Line Holding (Europe) Limited
Managing Executive Officer	Norio Tsutsumi	Ship Planning Sector, Environment Preservation
Managing Executive Officer	Toshinori Morita	Human Resources , Information System
Managing Executive Officer	Shigenori Ishii	Dry Bulk Carrier Business
Managing Executive Officer	Yoshiyuki Ota	Dry Bulk Carrier Business
Managing Executive Officer	Toshio Suzuki	President & CEO of "K" Line America, Inc.
Managing Executive Officer	Kozo Eguchi	Marine Sector
Managing Executive Officer	Kazuyuki Oda	Managing Director of "K" Line (China) Ltd.
Managing Executive Officer	Eiichi Murakami	Car Carrier Business
Executive Officer	Hisashi Yasui	LNG Carrier Business
Executive Officer	Takumi Yoshii	Car Carrier Business
Executive Officer	Akira Otsu	Tanker Business, GM Tanker Group
Executive Officer	Yoshikazu Minagawa	Managing Director of "K" Line (Hong Kong) Ltd.
Executive Officer	Jiro Asakura	Dry Bulk Business, GM Coal & Iron Ore Carrier Group
Executive Officer	Takashi Saeki	Corporate Planning, Investor & Public Relations, Corporate Social Responsibility
Executive Officer	Eizo Murakami	Containership Business, Port Business, Total Logistics Business
Executive Office	Keisuke Yoshida	Finance

Attachment 2
Directors and Corporate Auditors on and after June 26, 2006
1. Directors
Title	Name	Remark
Chairman of the Board	Yasuhide Sakinaga	Chairman of the Board
President	Hiroyuki Maekawa	Chief Executive Officer as well
Representative Director	Eiichi Suzuki	Executive Officer as well
Representative Director	Yoichi Hasegawa	Executive Officer as well
Representative Director	Tetsuo Shiota	Executive Officer as well
Representative Director	Katsue Yoshida	Executive Officer as well
Representative Director	Toshio Shimizu	Executive Officer as well
Director	Satoru Kuboshima	Executive Officer as well
Director	Norio Tsutsumi	Executive Officer as well
Director	Toshinori Morita	Executive Officer as well
Director	Kozo Eguchi	Executive Officer as well
Director	Takashi Saeki	Executive Officer as well
Director	Keisuke Yoshida	Executive Officer as well
2. Corporate Auditors
Title	Name	Remark
Corporate Auditor	Osamu Dei
Corporate Auditor	Takatsugu Murai	Non-executive Internal Auditor
Corporate Auditor	Koichi Otaki
Corporate Auditor	Kengo Yamashita	Non-executive Internal Auditor