Date : Aug 28, 2006

ANNOUNCEMENT

Far Eastern Freight Conference (FEFC)

1st Oct Conference Rate Restoration

Dear Customers,

As part of the FEFC Business Plan announced on 28th March 2006, Member Lines of the FEFC wish to advise customers of the following Conference rate restoration on 1st October 2006: -

Cargo from Asia (excluding Japan) to North Europe/Scandinavia and Mediterranean

Conference Rate Restoration – 1st October 2006

A Conference rate increase of USD 200/TEU to be implemented in the above trade lanes effective from 1st October 2006. Resulting Conference tariff rates are then valid until 31st December 2006.

Customers are also reminded that a Peak Season Surcharge (PSS) of USD 90 per TEU will remain in place until 31st October 2006.

You can review the official notification through http://www.oocl.com/korea/eng/ in Korean.

Should you have any inquiries, please feel free to contact us with the following telephone numbers:

Tel No. : 82-2-398-2308/2317/2318/2359/2354, 82-51-610-3420/3407/3433

OOCL (Korea) Ltd.

Customer Service Unit