NEWS UPDATES

December 1, 2005 - Today, NCL Corporation (“NCL”) announced that it has partnered with the Youth Environmental Programs, Inc. to offer the Officer Snook Water Pollution Program onboard its ships.

November 22, 2005 - NCL Corporation Ltd. (“NCL” or the “Company”) reported net income of $36.6 million on total revenues of $495.3 million for its third quarter ended September 30, 2005. This compares to net income of $40.3 million on total revenues of $410.9 million for the third quarter of 2004.

November 18, 2005 - NCL Corporation (NCL) has big news for the Big Apple. As part of the line’s ongoing commitment to homeland cruising and specifically the New York market – which Norwegian Dawn has served since 2003 – NCL is proud to welcome its second ship year-round, New York-based ship, Norwegian Spirit, to her new home.

November 17, 2005 - NCL Corporation (“NCL”) today announced that its New York year-round ship Norwegian Spirit will join Norwegian Dawn in her calls to Bermuda for the 2006 summer season. Norwegian Spirit’s new 8-day itinerary will feature a day-long call in Bermuda, an overnight stop in St. Thomas, USVI, and a call into Tortola in the British Virgin Islands.

November 16, 2005 - NCL Corporation Ltd. has scheduled a conference call for 10 a.m. Eastern time, Tuesday, November 22, 2005, to discuss the company’s third quarter financial results, which are expected to be released that morning.

November 11, 2005 - Today, NCL Corporation ("NCL") donated $250,000 to the American Red Cross Hurricane Katrina Disaster Relief Fund to assist in the relief and recovery efforts in the aftermath of Hurricane Katrina. The money was raised through various onboard and shore side initiatives and includes donations from the company, NCL's officers and crew, its employees and from its cruise passengers across the fleet. NCL's President and CEO Colin Veitch presented the donation to J.P. Miquel, Chairman of the Board of Directors of the American Red Cross of Greater Miami & the Keys at the company's headquarters in Miami.

November 4, 2005 - MIAMI, November 4, 2005 - Tonight, at an official ceremony at the Port of Miami, Melania Trump christened the world's largest gem, NCL's Norwegian Jewel. The newest vessel in NCL's Freestyle Cruising fleet, Norwegian Jewel boasts a luxurious suite complex plus 10 distinct restaurants, 13 bars and lounges, three swimming pools and a state-of-the-art spa.

November 2, 2005 - MIAMI, November 2, 2005 - NCL America will welcome the new Pride of Hawai`i to its U.S. Flagged fleet in April 2006. She will be the largest US flagged passenger ship ever built, and will join Pride of Aloha and Pride of America offering seven-day, inter-island cruises visiting the beautiful 50th state's four main islands. Pride of Hawai`i, will depart Honolulu on Mondays and will feature the line's extremely popular itinerary with a full day in Hilo, Hawai`i; two days in Kahului, Maui; a day in Kona, Hawai`i and two days in Nāwiliwili, Kaua`i.

October 31, 2005 - MIAMI, October 31, 2005 - NCL Corporation ("NCL") today announced that its New York year round ship Norwegian Dawn will begin calling into Bermuda for the 2006-2007 summer seasons. Norwegian Dawn's new seven-day itinerary with calls both into Bermuda and the Bahamas is an industry exclusive and will feature a day in Bermuda, a day at NCL's private island Great Stirrup Cay and an overnight in Nassau. 2005 at 6 p.m.

October 18, 2005 - MIAMI – October 18, 2005 – NCL Corporation Ltd. (“NCL”) today announces the launch of an offer to exchange US$250,000,000 in aggregate principal amount of its registered 10% Senior Notes due 2014 for any and all outstanding unregistered 10% Senior Notes due 2014.

October 31, 2005 - It's huge. It's luxurious. And it costs $400 million. NCL Corporation (NCL) today named Melania Trump as Godmother of the world's largest gem, the 93,502-ton Norwegian Jewel, the largest Panamax cruise ship ever built. Synonymous with fashion and glamour, the former model will christen NCL's newest Freestyle Cruising vessel in a ceremony at the Port of Miami on Thursday, November 3, 2005 at 6 p.m.

September 6, 2005 - Norwegian Cruise Line (NCL) announced today that Norwegian Sun will move to Houston beginning October 16 to operate its exotic Western Caribbean cruises through the January 8, 2006 cruise.

August 31, 2005 - Today, NCL Corporation (NCL) and Union Privilege (UP) are proud to announce the launch of Union Plus Freestyle Cruising Program.

August 29, 2005 - NCL America crewmember Al Schiller, who works as a butler on the Pride of Aloha, is taking a year off to fulfill a lifelong dream of competing on the U.S. Olympic speed skating team.

August 18, 2005 - NCL America has given away thousands of red, white and blue wristbands to commemorate the Pride of America's inaugural voyage in Hawai`i.

August 18, 2005 - NCL America announced today it raised $250,000 during a special charity cruise on July 22 aboard Pride of America, the second U.S.-flagged passenger ship in the company's Hawai`i fleet.

August 17, 2005 - NCL Corporation ("NCL") today announced the appointment of Scott Rogers as the company's Senior Vice President, Marketing and Sales reporting to Andy Stuart, Executive Vice President of Marketing, Sales and Passenger Services. .

August 04, 2005 - NCL Corporation (NCL) is proud to announce the completion of its newest gem, Norwegian Jewel.

July 07, 2005 - NCL Corporation ("NCL") today announced the appointment of Bonnie Biumi as its new Chief Financial Officer effective July 20.

June 15, 2005 - NCL Corporation (“NCL”) has named Walter L. Revell to its Board as an independent Director and Chairman of the Audit Committee. Revell is Chairman of the Board and Chief Executive Officer of Revell Investments International, Inc., a diversified investment, development and management company located in Coral Gables, Florida.

June 14, 2005 - NCL America today announced that the Honorable Elaine L. Chao, Secretary of the U.S. Department of Labor, has graciously agreed to serve as Godmother of its newest cruise ship, Pride of America.

May 25, 2005 - What is it about the United States that makes Americans most proud? According to results of a national survey commissioned and released today by NCL America*, they value what is perhaps the most enduring legacy of the nation’s founding fathers: nearly half of all U.S adult respondents said they are most proud of the freedoms granted by the Constitution (44%). Diversity of the American culture (14%) ranked second

May 17, 2005 - Norwegian Cruise Line (NCL) is proud to announce that former United States Senator Bob Graham will be featured as a guest speaker aboard Norwegian Sun for a seven-day cruise roundtrip from Vancouver to Alaska, departing on July 31, 2005.

May 8, 2005 - Norwegian Dawn Statement

May 3, 2005 - NCL Corporation (“NCL”) today announced a further new ship order with Meyer Werft, in Germany, for delivery in October 2007 to its Norwegian Cruise Line brand. The vessel, currently referred to as hull S.670, will have a capacity of 2,384 lower berths and be a sister to Norwegian Jewel, which is scheduled for delivery in August of this year.

April 25, 2005 - From June 18-24, 2005, “Live with Regis and Kelly” hosts Regis Philbin and Kelly Ripa will take on their most exciting adventure yet, as the top morning talk show becomes the first nationally-syndicated program to broadcast a full week of shows (airing June 20-24) from aboard a cruise ship.

March 25, 2005 - Norwegian Cruise Line (NCL) has chosen winners in the categories of instrumental, vocal and dance for the company’s second annual “Junior Star Seeker” guest talent competition. The winners include Andy Xue, an eight-year-old from Plymouth, Minn., Tessa Moore, a 12-year-old from Azle, Texas and Krista Pioppi, a 13-year-old from Succasuna, N.J.

March 16, 2005 - Today at the Seatrade Cruise Shipping Conference in Miami Beach, NCL Corporation unveiled the designs for four more dynamic artwork designs for the hulls of two its new ships and two existing ships. Norwegian Spirit, Norwegian Sun, Norwegian Jewel and Pride of Hawai`i will all feature NCL’s signature colorful hull artwork. Cruise passengers will see Norwegian Jewel’s artwork in August when she is delivered, Norwegian Spirit’s artwork in October 2005 after her dry dock, Norwegian Sun’s artwork in April 2006 after her dry dock and Pride of Hawai`i will sail out of the shipyard with her artwork design in the summer of 2006.

March 16, 2005 - Today at the Seatrade Cruise Shipping Conference in Miami Beach, NCL Corporation (NCL) announced plans to feature Freestyle Interactive Television (iTV) programming on Pride of America, the first new U.S.-flagged cruise ship in almost 50 years. Debuting this June, NCL America’s Pride of America will offer state-of-the-art digital technology in each stateroom, allowing guests to customize their cruise experience in the comfort and privacy of their cabin.

March 4, 2005 - NCL Corporation ("NCL") announced today that Dan Farkas has been promoted to Vice President and Assistant General Counsel. In addition, the company has added David Gilmore and Fatima Kierski as assistant general counsels. All three report to NCL's Senior Vice President and General Counsel Mark Warren.

March 1, 2005 – To celebrate the 3rd Annual Daytona “Kick-Off to Speedweek” parade, NASCAR legend and Grand Marshall Bobby Allison presented a seven-night cruise for two from Norwegian Cruise Line (NCL) as part of the festivities.

February 28, 2005 - Accessibility issues are very important to both the traveling public and to cruise vacation providers. Conflicting court decisions around the country have been confusing both to cruise lines and to their guests.

February 16, 2005 - NCL America announced today that it will hold an overnight fund-raising cruise on July 22, 2005 to benefit three local charities. The cruise is part of the inaugural festivities for the arrival of the brand’s second U.S.-flagged ship, Pride of America. The new ship, which will be based year-round in Hawai`i, is the first new U.S.-flagged cruise ship in nearly 50 years and showcases a “Best of America” theme.

February 15, 2005 - Last week the first of 67 keel blocks for NCL America's 93,000-ton Pride of Hawai`i was laid at the Meyer Werft in Papenburg, Germany. Han Lim, son of NCL Corporation Chairman K.T. Lim, ceremoniously laid the traditional "lucky penny" before the block was lowered down by the yard's 800-ton crane. It is said to bring the ship good luck if the penny is recovered once the keel is completed and the ship is floated in the dry dock.

February 11, 2005 - This week, Pride of America left the dry dock at Lloyd Werft and is now alongside the outfitting pier at the German shipyard. Sea trials are scheduled from May 19 through May 22 and NCL America will take delivery of Pride of America on June 6, 2005.

February 11, 2005 – Today, NCL Corporation (“NCL”) announced that cruise industry veteran Manfred Ursprunger will join the company as senior vice president of hotel operations reporting to Executive Vice President Fleet Operations William Hamlin.

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