Directors and Executive Officers to Change

Tokyo, January 31, 2013— Kawasaki Heavy Industries, Ltd. has announced that, based on decisions made at a Board of Directors meeting earlier today, Masashi Segawa, Senior Executive Vice President, and Nobumitsu Kambayashi, Senior Vice President will be appointed Directors effective April 1, 2013. Chairman of the Board Tadaharu Ohashi will resign as Director to become Counselor, and Segawa and Kambayashi will also resign as Directors to become Advisors in late June 2013.

The Kawasaki Board of Directors also decided today that Managing Executive Officer Minoru Makimura and Executive Officer Akio Murakami will be nominated as Directors at the Kawasaki Shareholders’ Meeting in late June 2013. Subject to approval at that meeting, they will then be appointed Senior Vice Presidents. The Company will also nominate Outside Directors and Nobuyuki Fujikake as Corporate Auditor at the Shareholders’ Meeting. Current Corporate Auditor Kenzo Doi will resign after that meeting.

Projected Board of Directors

 (effective in late June 2013)

Satoshi Hasegawa*

President

Mitsutoshi Takao*

Senior Executive Vice President

Kyohei Matsuoka*

Senior Vice President

Hiroshi Takata*

Senior Vice President

Shigeru Murayama*

Senior Vice President

Makoto Sonoda*

Senior Vice President

Joji Iki*

Senior Vice President

Masahiko Hirohata

Senior Vice President

Eiji Inoue*

Senior Vice President

Yoshinori Kanehana

Senior Vice President

Minoru Makimura

Senior Vice President

Akio Murakami*

Senior Vice President

Outside Directors (to be decided)

  *Representative Director

Retiring directors

Tadaharu Ohashi

Masashi Segawa

Nobumitsu Kambayashi

New corporate auditor to be nominated

Nobuyuki Fujikake

Retiring corporate auditor

Kenzo Doi

The Company also announced today that the following management changes will become effective April 1, 2013:

New managing executive officers to be appointed

Masahiro Ibi

Deputy General Manager

Marketing Division

(currently Deputy General Manager

Marketing Division and

Vice President

Gas Turbine & Machinery Company)

Akio Murakami

President

Ship & Offshore Structure Company

(currently General Manager

Planning & Control Division

Ship & Offshore Structure Company)

New executive officers to be appointed

Genichi Abe

(currently General Manager

Marketing & Sales Division

Ship & Offshore Structure Company)

Kazuo Ota

(currently General Manager

Planning & Control Division

Aerospace Company)

Masayoshi Maeda

(currently General Manager

Manufacturing Division

Precision Machinery Company)

Hiroji Iwasaki

(currently CEO, Kawasaki Rail Car, Inc.)

Koji Kadota

(currently Deputy Senior Manager

Technical Institute Corporate Technology Division)

Yasuhiko Hashimoto

(currently General Manager

Robot Division

Precision Machinery Company)

Tatsuya Watanabe

(currently General Manager

Industrial Plant Engineering Division

Plant & Infrastructure Company)

 Takeshi Ohata

(currently General Manager

Machinery Division

Gas Turbine & Machinery Company)

Retiring executive officers

Tamaki Miyatake

Masatoshi Yamaguchi

Naomi Sera

Nobuyoshi Kobayashi

Mitsuo Kadoya

Hiroshi Hidaka

Hideki Sasaki