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NEWS UPDATES

July 27, 2004 – NCL Corporation (NCL) today unveiled the itinerary for Pride of America, the second of three U.S. Flagged ships that will sail Hawai`i under the NCL America brand. With a delivery date of June 6, 2005 and after several inaugural cruises, Pride of America will begin sailing seven-day roundtrip cruises from Honolulu on July 23, 2005 as well as offering three-day and four-day inter-island cruises between Honolulu and Maui.

July 16, 2004 - In a realignment of its corporate structure within the Star Cruises Group, and through two new financing transactions, the newly named NCL Corporation Ltd (“NCL Corp”) has raised funds totaling $1.05 billion. The proceeds will be used to refinance existing debt, and to fund the continued renewal and growth of the fleet.

July 6, 2004 – On Independence Day, NCL America announced the addition of a third U.S. Flagged ship to Hawai`i to be delivered in the summer of 2006. The Pride of Hawai`i is the second ship in the original Project America program and the third ship of the brand’s U.S.-Flagged fleet, joining Pride of Aloha and Pride of America.

July 5, 2004 - NCL America announced today that it had concluded negotiations with Lloyd Werft in Germany, its insurers and banks, and agreed a new delivery date for the Pride of America on June 6, 2005.

July 4, 2004 – Today marked a milestone in U.S. maritime history as NCL America christened the first modern U.S.-flagged cruise ship in nearly half a century. The inaugural celebration of Pride of Aloha represents a new beginning for the U.S. Flagged cruise industry that has been dormant since 2001.

June 30, 2004 – In January 2003, Norwegian Cruise Line (NCL) announced an industry first -- it was deploying Norwegian Dawn out of New York year round. Since that announcement, the city has seen a revival of cruising out of the Big Apple.

June 30, 2004 – NCL America will christen Pride of Aloha during a Hawaiian and patriotic ceremony in Honolulu on Sunday, July 4. Travel agents and consumers nationwide are invited to witness the event via live Web cast at www.ncl.com beginning at 4 p.m. EST.

June 30, 2004 - Norwegian Cruise Line (NCL) today announced the name of its new ship, Norwegian Jewel, and details of her deployment. The ship will sail in two of the industry’s biggest cruise markets – the Caribbean out of Miami and Alaska out of Seattle.

June 30, 2004 - Norwegian Cruise Line introduces customer service center in Honolulu
For Hawai`i cruise travelers. Local expert staff at Waikiki Beach Marriott Resort and Spa Enhance cruise and Hawai`i experience

June 29, 2004 - Today, Norwegian Cruise Line (NCL) announced that Strictly Slots Magazine recently certified that the slot and video poker machines onboard select ships yield an average payback of 95 percent - more than any other cruise line and a notable boost from the industry standard of 90 percent.

June 14, 2004 - Today, NCL America announced details on Pride of Aloha's Kumu Cultural Center. The Center, which is the heart of the ship, is designed with a quiet and warm elegance and is used as an area of learning, for meetings and as a gathering place.

June 8, 2004 - Monterey, California - Media Statement Regarding Pride of Aloha

June 7, 2004 - For the first time in nearly half a century, a modern, 2000-passenger cruise ship will fly a U.S. Flag. Today, on board the vessel in San Francisco, Colin Veitch, president and CEO of NCL America and dignitaries from the Maritime Administration and the U.S. Coast Guard raised the Stars and Stripes on Pride of Aloha, the brand's first U.S. Flag vessel.

May 28, 2004 - NCL America today announced Margaret Awamura Inouye will be the Godmother of Pride of Aloha. As a leader in the Hawai'i community who embodies the islands' charm, warmth and character, Mrs. Inouye will christen NCL America's first U.S. flagged ship at a ceremony in Honolulu on July 4, 2004.

May 28, 2004 - Norwegian Cruise Line's (NCL) Norwegian Star departed dry dock yesterday after having completed a multi-million dollar renovation.

May 20, 2004 – The NCL Group has appointed Kevin Quinlivan to the newly created position of Chief Information Officer (CIO) effective May 24th, 2004. In this new role, Quinlivan will be responsible for the group’s worldwide IT strategies and operations across all business units and functions.

May 11, 2004 – The NCL Group has appointed William A. Hamlin as Executive Vice President, Fleet Operations effective June 1, 2004. In this new role for the company, Hamlin will oversee marine operations and hotel operations for the ships of Norwegian Cruise Line, Orient Lines, and NCL America. Hamlin will report to Colin Veitch, President and CEO of the NCL Group.

May 11, 2004 - NCL America hosts Pride of Aloha art contest for island Keiki. NCL America (Norwegian Cruise Line) invites Hawaii's Keiki to participate in an art contest celebrating the launch of Pride of Aloha, the U.S.-flagged cruise ship scheduled to arrive in Hawaii this summer.

April 30, 2004 - Norwegian Cruise Line celebrates freestyle cruising with a host of booking incentives. In NCL's 3rd Annual Freestyle National Holiday Promotion Travel Agents Can Win a Free NCL Cruise Vacation, Barbeque Party Packs and Earn Great Prizes!

April 26, 2004 - Hit a hole-in-one with Norwegian Cruise Line's New Hawai`i Golf program. Pride of Aloha to debut Industry's First Golf Pro Shop at sea.

April 20, 2004 - A Shining New Star to Debut After Multi-Million Dollar Refurbishment -- Norwegian Star to Display New Hull Artwork

April 19, 2004 - Norwegian Cruise Line (NCL) today announced its deployment for 2005-06 expanding its presence in the company's key Homeland Cruising markets.

April 2, 2004 – Today, Norwegian Cruise Line (NCL) announced a revised schedule for Norwegian Star’s Hawai`i itineraries due to damage to the forward thrust bearing in the ship’s azipod system.

March 17, 2004 - Company announces several updates for the NCL brand including the transfer of Norwegian Sea to Star Cruises

February 24, 2004 – Norwegian Cruise Line and United Airlines expand partnership with Chicago-Honolulu flight. Direct service from Chicago to Honolulu launches June 3, 2004.

February 20, 2004 - Norwegian Cruise Line announces “Junior Star Seeker” winners.

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