The next fuel surcharge of Nippon Cargo Airlines (Headquartered in Narita-shi, Chiba: President　Tetsufumi Otsuki) effective January 1, 2011 will be set as follows according to the average price of the benchmark jet fuel for the month of November 2010, USD 97.45/BBL.

1. Price application:
TC1 (mainly North America and Latin America): JPY93/Kg

TC2 (Europe, Africa and Middle East): JPY93/Kg

TC3 long haul (TC3 excluding the following): JPY79/Ｋｇ

TC3 short haul (Hong Kong, China and Korea): JPY66/Kg

2. Effective date: Beginning with the AWB issued on January 1, 2011

3. Fuel surcharge table and conditions for price reduction or abolishment:
　 Please see attached

                                      For further inquiries: Corporate Planing NCAPR@nca.aero