K LINE ANNOUNCEMENTS RE BUNKER SURCHARGE / PEAK SEASON SURCHARGE

Dear valued clients

K Line wish to make the following 2 announcements:

1) REVISION OF BUNKER SURCHARGE EX NORTH EAST ASIA TO AUSTRALIA:

Effective 30th July 2011 K Line will reduce their baf ex North East Asia to Australia. The new baf will be:

USD$600/20' USD$1200/40'

2) PEAK SEASON SURCHARGE EX NORTH EAST ASIA TO AUSTRALIA:

Effective 15th August 2011, K Line will introduce a PEAK SEASON SURCHARGE ex North East Asia to Australia. The surcharge will be:

USD$300/20' USD$600/40'

Please contact our sales staff should you have any concerns regarding above.

Yours faithfully

Loch M Fraser Logistics Pty Ltd