商船三井（9104） – Announcement on Revision of Consolidated Business Outlook and Dividend Forecast for Fiscal Year 2021

To whom it may concern: January 31st, 2022 Corporate Name: Mitsui O.S.K. Lines, Ltd. Representative: Takeshi Hashimoto, President Security Code: 9104 Listings: First section of the Tokyo Stock Exchange Contact: Keiichiro Nakanishi, General Manager, Corporate Communication Division (TEL: +81 3 3587 6224） Announcement on Revision of Consolidated Business Outlook and Dividend Forecast for Fiscal Year 2021 TOKYO—Mitsui O.S.K. Lines, Ltd. (the Company; President & CEO: Takeshi Hashimoto) hereby announces the revision of its consolidated business outlook for fiscal year 2021 and dividend forecast, which were previously released on October 29th, 2021. Details of the announcement is as follows. 1. Business outlook (1) Consolidated business outlook for full fiscal year 2021 (April 1st, 2021 to March 31st, 2022) Previous outlook on October 29th, 2021 (A) Revised outlook (B) Change (B-A) Change (%) (Ref) Previous fiscal year’s full year results (Year ended March 31st, 2021) Revenue ¥ million 1,220,000 1,260,000 40,000 3.3% Operating profit ¥ million 45,000 54,000 9,000 20.0% Ordinary profit ¥ million 480,000 650,000 170,000 35.4% Net income* Net income per share ¥ million 480,000 630,000 150,000 31.3% ¥ 4,004.94 5,254.68 – – 991,426 (5,303) 133,604 90,052 752.98 *Profit attributable to owners of parent (2) Reason for the revision The business outlook for OCEAN NETWORK EXPRESS PTE. LTD., an equity-method affiliate of the Company that operates the containership business, is expected to further improve from the previously announced outlook, as strong demand has been continuing and spot freight rates have been exceeding the assumptions at the time of the last announcement. By also taking into account the improvement in the supply and demand environment for car carriers and dry bulkers, the Company revised up its full-year earnings forecast. 2. Year-end dividend forecast (1) Dividend forecast (year-end) Previous forecast on October 29th, 2021 Revised forecast Paid amount (Ref.) Previous fiscal year’s results (Year ended March 31st, 2021) Q2-end ¥300.00 ¥15.00 Annual Dividend Year-end ¥500.00 ¥750.00 ¥135.00 Total ¥800.00 ¥1,050.00 ¥150.00 (2) Reason for the revision In light of the above revised earnings forecast, the Company has revised its forecast for the year-end dividend from the previous forecast of ¥500.00 to ¥750.00 per share. This will make the annual dividend ¥1,050.00 per share. The year-end dividend will be officially approved at the General Meeting of Shareholders to be held in June next year. (Note)The above forecasts have been prepared based on information available as of the date of announcement of this material, and actual results may differ from the forecasts due to various factors in the future. [REFERENCE PURPOSE ONLY] This document has been translated from the Japanese original for reference purposes only. In case of any discrepancy or inconsistency between this document and the Japanese original, the latter shall prevail. END