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ClassNK Announces New Appointments to the Board

Maritime Activity Reports, Inc.

March 4, 2008

Japanese ship classification society Nippon Kaijikyorkai (ClassNK) has announced the following changes in its Executive Board of Directors effective March 1. Chairman and President Kenji Ogawa, Executive Vice President Yukio Tsudo, and Managing Director Kazunori Yamanaka have retired, resulting in three new appointments to the board.

New Board Chairman and President Mr. Noboru Ueda (previously Executive Vice President)* Executive Vice President Mr. Tateo Kaji (previously Managing Director) Executive Vice President Dr. Hiroshige Kitada (previously Managing Director) Managing Director Mr. Fumio Imakita (unchanged) Managing Director Mr. Toshitomo Matsui (newly appointed) Managing Director Mr. Shosuke Kakubari (newly appointed) Managing Director Dr. Takuya Yoneya (newly appointed)

Ogawa will remain with the Society in the role of Honorary Chairman and Mr. Tsudo will remain with the Society in the role of Senior Adviser to the Society.

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