Announcement of Executive Changes

December 27, 2007

TSUNEISHI SHIPBUILDING

TSUNEISHI Holdings Corporation (head office: 1083 Tsuneishi Numakuma-cho Fukuyama-city, Hiroshima, CEO: Katsushige Kambara) made the following new executive appointments for TSUNIESHI Holdings Corporation and Tsuneishi Shipbuilding Company from January 1st.

【Appointed Executives】(As of January 1st, 2008)
(1) TSUNEISHI Holdings Corporation
<Newly Appointed Executives>
Takao Kawamoto Executive Director
【Newly appointed】
Yoichi Mikami Corporate Officer
【Newly appointed】
Satoshi Mori Corporate Officer
【Newly appointed】
<Retired Executive>
Masato Kambara 【Ex Executive Director】
(2) TSUNEISHI Shipbuilding Company
<Newly Appointed Executives>
Takao Kawamoto Chief Executive Corporate Officer
【Ex Executive Corporate Officer】
Akihiko Mishima Executive Corporate Officer
【Ex Senior Corporate Officer】
Yasunori Kobatake Executive Corporate Officer
【Ex Senior Corporate Officer】
Keishi Sato Senior Corporate Officer
【Ex Corporate Officer】
Kyosuke Kishida Corporate Officer
【Newly Appointed】
Takamichi Tanabe Corporate Officer
【Newly Appointed】
Masahiro Kawakita Corporate Officer
【Newly Appointed】
<Retired Executives>
Yoichi Mikami 【Ex Corporate Officer】
Satoshi Mori 【Ex Corporate Officer】