NYK will publicly offer bet365 出 金 条件nds (Unsecured Corporate Bonds No.40) within the Japanese domestic market in May, becoming the world’s first company to issue labelled bet365 出 金 条件nds in global shipping business sector.

A bet365 出 金 条件nd is one in which the proceeds are used solely for the purpose of funding environment-friendly projects. NYK’s new medium-term management plan “Staying Ahead 2022 with Digitalization and Green” positions the company to integrate environmental, social, and governance (ESG) principles into management strategies to contribute to the sustainable development of society and enrichment of the company’s corporate value.

NYK plans to use the net proceeds of the bet365 出 金 条件nds to expand the company’s resources for the procurement of funds, as well as keep a wide range of stakeholders involved in the company’s proactive approach to environmental investment.

- Summary of bet365 出 金 条件nds

Issuer	NYK
Maturity	5 years
Issue Amount	10 billion yen
Closing Date	May 2018 (current schedule)
Use of Proceeds	Investment toward mainly new but including existing (refinancing) projects indicated in NYKbet365 出 金 条件squo;s “Roadmap for Environmentally Friendly Vessel Technologies,bet365 出 金 条件dquo;* such as (1) LNG-fueled ships, (2) LNG bunkering vessels, (3) ballast water treatment equipment, and (4) SOx (sulfur oxides) scrubber systems, etc.. See below for more details on these projects.
Lead managers	Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., Nomura Securities Co., Ltd.
bet365 出 金 条件nd Structuring Agent	(one who supports the issuance of bet365 出 金 条件nds through formulation of a Green Bond Framework and advices on acquiring second opinions) Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.,

- NYK will receive a Second-Party Opinion from Vigeo Eiris, one of the world's leading ESG evaluation institutions based in France, for ensuring eligibility and transparency of the bet365 出 金 条件nds and attracting for investors.

- NYK's bet365 出 金 条件nds have been given the approval as "a model case for the bet365 出 金 条件nds issuance in fiscal year 2018" by Ministry of the Environment, Government of Japan (MOEJ), for the first Japanese industrial corporation. NYK is now under verification process by MOEJ and its contractors and will announce when it is confirmed.
MOEJ’s website: bet365 出 金 条件nd Guidelines, 2017
http://www.env.go.jp/en/policy/economy/gb/guidelines.html

- NYK will participate in a shipping industry working group to be established by the Climate Bonds Initiative and will cooperate in formulating evaluation criteria for bet365 出 金 条件nds issued by shipping companies. The Climate Bonds Initiative is an international, investor-focused not-for-profit working to mobilize bond markets for climate change solutions. It also provides a journal of record for relevant bond issuance, develops bet365 出 金 条件nd evaluation criteria such as the Climate Bonds Standard, and provides policy proposals to government, finance, and industry sectors. Website: https://www.climatebonds.net/

* Roadmap for Environmentally Friendly Vessel Technologies


(1) LNG-fueled ship
A vessel powered by liquefied natural gas (LNG) as fuel. Compared to conventional heavy oil, LNG fuel emits 30 percent less carbon dioxide (CO2), almost no sulphur oxides (SOx) or particulate matter (PM), and up to 80 percent less nitrogen oxides (NOx).
Announcement on September 30, 2016, about the delivery of the worldbet365 出 金 条件squo;s first LNG-fueled pure car and truck carrier (PCTC), http://www.nyk.com/english/release/4208/004443.html

(2) LNG bunkering vessel
A vessel that provides LNG to LNG-fueled ships.
Announcement on February 15, 2017, about the delivery of the worldbet365 出 金 条件squo;s first purpose-built LNG bunkering vessel, http://www.nyk.com/english/release/4735/004784.html

(3) Ballast water treatment equipment
Ships use ballast water to provide stability during a voyage. Usually seawater is pumped into the tank when cargo is unloaded, and the seawater then discharged at another port when cargo is loaded. Ballast water treatment equipment treats marine species carried in shipsbet365 出 金 条件squo; ballast water and contributes to preserving biodiversity by preventing the transfer of aquatic organisms that could harm the marine environment.

(4) SOx (sulfur oxides) scrubber system
A system that uses seawater and chemicals to remove sulfur from ship exhaust gases.

This press release has been prepared for the sole purpose of publicly announcing the Companybet365 出 金 条件squo;s issuance of the Bonds, and not for the purpose of soliciting investment or engaging in any other similar activities within or outside Japan.