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Announcement of Executive Changes

December 9, 2008

TSUNEISHI Holdings Corporation (Head Office: 1083 Tsuneishi Numakuma-cho Fukuyama-city, Hiroshima, CEO: Katsushige Kambara) announces the following new executive appointments for Tsuneishi Shipbuilding Company from January 1st.

[Appointed Executives]
(1) TSUNEISHI Shipbuilding Company
<Newly Appointed Executives>(As of January 1st, 2009)
Takao Kawamoto President Corporate Officer [Ex Chief Executive Corporate Officer]
Akihiko Mishima Chief Executive Corporate Officer [Ex Executive Corporate Officer]
Shigeru Fujii Senior Corporate Office [Ex TRD Senior Corporate Office]
Kiyoshi Shibafuki Senior Corporate Office [Ex Executive Officer]