Directors and Executive Officers to Change

Tokyo, February 22, 2007 – Based on decisions made at the Board Meeting held today, Kawasaki Heavy Industries, Ltd. announced that effective April 1, 2007, the following representative directors will be appointed the following positions. On that date, Executive Officer Masatoshi Ohyama will succeed Matsuzaki as General Manager of the Corporate Technology Division and Executive Officer Satoshi Hasegawa will succeed Yoshino as President of the Gas Turbine & Machinery Company.

Akira Matsuzaki

Senior Executive Vice President *

(currently Senior Vice President *)

Takashi Yoshino, Director

(currently Senior Vice President *)

  * Representative Director

The Board of Directors of the Company also decided today that Shuji Mihara and Satoshi Hasegawa, currently executive officers, will be nominated as Directors at the Kawasaki shareholders' General Meeting in late June 2007. Subject to approval at the meeting, Mihara and Hasegawa will then be appointed Senior Vice Presidents. In late June, Yoshino will resign that position to become an Advisor. In addition, the Company announced today the following management changes that will become effective April 1, 2007.

New executive officers to be appointed

Sumihiro Ueda

Deputy General Manager

Corporate Technology Division

Wataru Kanamori

Vice President

Gas Turbine & Machinery Company

Retiring executive officers

Takashi Yoshino

Kouyu Itoga