NEWS UPDATES

Sept. 25, 2006 – NCL Corporation ("NCL") today announced strategic changes to its North American sales department to further support and enhance its long-term relationships with the travel community. The changes include augmenting existing roles within the sales department and the creation of new positions.

September 19, 2006 - For the first time in 10 years, NCL Corporation Ltd. (“NCL”) today unveiled a new, all-encompassing brand identity created expressly to capture and articulate the company’s unique Freestyle Cruising—an approach to cruising unlike any other offered in the industry.

September 12, 2006 - After a rigorous analysis of the facts and law, United States District Judge Cecilia M. Altonaga denied the plaintiff’s motion for class certification in the lawsuit stemming from the April 10, 2005 voyage of Norwegian Dawn.

September 7, 2006 - NCL Corporation Ltd. announced today that it has entered into a contract with Aker Yards S.A. of France to build up to three new cruise ships, totaling 12,600 berths for delivery between 2009 and 2011. The contract price, comprising two firm ships and one option, is €2.17 billion, or approximately $2.8 billion at today’s exchange rate.

August 15, 2006 - NCL Corporation Ltd. (“NCL” or the “Company”) today announced second quarter 2006 results, including a 9.2% increase in Net Yields; a reduction in controllable Net Cruise Costs per Capacity Day; significantly increased profitability at the operating income level; but steeply increased fuel and interest costs and foreign exchange translation losses, resulting in a net loss of $35.1 million.

August 14, 2006 – Today, NCL Corporation (“NCL”) unveiled an enhanced Latitudes program that features tiered benefits based on the number of NCL cruises passengers have taken. The program is divided into four tiers—Bronze (1-4) completed cruises, Silver (5-8 completed cruises), Gold (9-13 completed cruises) and Platinum (14 or more completed cruises) – each offering a set of benefits designed to recognize and reward loyalty to NCL.

August 9, 2006 – NCL Corporation Ltd. has scheduled a conference call for 8:30 a.m. Eastern time, Tuesday, August 15, 2006, to discuss the company’s second quarter financial results, which are expected to be released that morning.

July 26, 2006 - NCL Corporation (“NCL”) announced today that Senator Bob Graham and Mr. Alberto Ibargüen have each accepted an invitation to join NCL’s board as independent non-executive directors.

July 7, 2006 - NCL Corporation (“NCL”) today announced several new senior executive appointments for the revenue management, fleet operations and finance departments.

July 7, 2006 - NCL Corporation today announced that it is the first cruise line to offer cell phone service fleetwide.

June 6, 2006 – NCL Corporation (“NCL”) today announced that Norwegian Spirit will drop anchor in the Big Easy beginning in November 2007 sailing seven-day exotic Western Caribbean cruises through April 2008.

May 30, 2006 – NCL Corporation (NCL) today announced that Norwegian Pearl, its newest Freestyle Cruising vessel to be delivered in November, will join Norwegian Sun and Norwegian Star in Alaska for the 2007 season.

May 25, 2006 – NCL Corporation (“NCL”) today announced that its parent company, Star Cruises, has agreed to sell Norwegian Crown to Fred. Olsen Cruise Lines Pte. Ltd., Singapore effective August 2006.

May 20, 2006 - Tonight, NCL America again made U.S. maritime history by christening Pride of Hawai`i, the largest, most luxurious and most expensive U.S.-flagged cruise ship in history.

May 19, 2006 - Norwegian Sun, will replace Norwegian Wind sailing 10- and 11-day itineraries from Honolulu with a stop at Fanning Island beginning in September 2007.

May 18, 2006 – NCL Corporation Ltd. ("NCL" or the "Company") reported a net loss of $28.1 million on total revenues of $422.5 million for its first quarter ended March 31, 2006.

May 15, 2006 – As the innovator in the cruise industry, NCL Corporation
("NCL") today announced that it would be taking the first step in redefining its North
American sales department.

May 12, 2006 – NCL Corporation Ltd. has scheduled a conference call for 10 a.m. Eastern time, Thursday, May 18, 2006, to discuss the company’s first quarter financial results, which are expected to be released that morning.

May 1, 2006 – Today, NCL Corporation (“NCL”) announced the winners of the “You’re Hired!” contest launched in conjunction with the NBC television show, “The Apprentice”, which featured NCL and Norwegian Jewel in a recent episode on March 27. Following the episode, contestants logged on to NCL’s website to answer questions about Norwegian Jewel, Freestyle Cruising and details about the NCL episode.

April 24, 2006 – Today, NCL Corporation announced the Honorable Daniel K. Inouye, senior United States Senator from Hawai`i, will give the keynote address and officially name NCL America’s newest U.S.-flag ship at her christening on May 20th in Los Angeles, California.

April 19, 2006 – Today, NCL Corporation (“NCL”) welcomed Pride of Hawai’i as the newest member to the NCL America fleet, with a handover ceremony in Emeshaven, Holland.

April 17, 2006 - NCL Corporation ("NCL") today announced the appointment of Claude Boudoux as its new vice president, food and beverage, effective immediately. Boudoux comes to NCL with a distinguished and varied food & beverage resume.

March 23, 2006 – Today, Norwegian Cruise Line (NCL) announced details of its episode of “The Apprentice,” which airs Monday, March 27 (9-10 p.m. ET/PT). The candidates for NBC’s “The Apprentice” are tasked with creating a 30-second commercial for Freestyle Cruising using the backdrop of the company’s newest ship, Norwegian Jewel.

March 22, 2006 – On April 6, 2006, Home Box Office (HBO) will present All Aboard! Rosie’s Family Cruise, a documentary feature film chronicling Rosie and Kelli’s first-ever cruise for gay and lesbian families on board Norwegian Cruise Line’s (NCL) Norwegian Dawn. .

March 21, 2006 - NCL Corporation (NCL) has been recognized by the University of Miami School of Business and the Graduate Placement Center as the 2006 Mid-Sized Employer of the Year.

March 15, 2006 – Today at the Seatrade Cruise Shipping Conference in Miami, NCL Corporation (“NCL”) unveiled the colorful hull artwork for its newest build, Norwegian Pearl, now scheduled for early delivery in November 2006.

March 8, 2006 - Honoring the fastest ocean liner ever built, NCL America is proud to announce today that the library onboard its newest ship, Pride of Hawai`i will be named the SS UNITED STATES Library.

February 28, 2006 – NCL Corporation Ltd. (“NCL” or the “Company”) reported net income of $19.2 million on total revenues of $1.6 billion for its year ended December 31, 2005, as compared to a net loss of $8.7 million on total revenues of $1.3 billion for the year ended December 31, 2004.

February 27, 2006 – Today, Norwegian Cruise Line (NCL) announced that its ship Norwegian Jewel will be featured in an upcoming episode of NBC’s “The Apprentice.” Entering its fifth season, “The Apprentice’s” new season begins tonight (9-10 p.m. ET/PT) with NCL’s episode slated to run Monday, March 27 at 9 p.m.

February 24, 2006 – NCL Corporation Ltd. has scheduled a conference call for 10 a.m. Eastern time, Tuesday, February 28, 2006, to discuss the company’s fourth quarter and full year financial results, which are expected to be released that morning.

February 23, 2006 – In April, NCL America will welcome the new Pride of Hawai`i to its U.S. Flagged fleet. The largest U.S. Flagged ship ever built, Pride of Hawai`i will join Pride of Aloha and Pride of America offering seven-day, inter-island cruises attracting new visitors and helping create more job opportunities.

February 23, 2006 – On Sunday, February 19, Pride of Hawai`i was floated out of Meyer Werft’s roofed building dock and is now berthed at the shipyard’s outfitting pier where all remaining work will be completed.

February 7, 2006 - NCL’s next ship, Norwegian Pearl, will bowl over the cruise competition with a “striking” innovation – a full size, four lane, ten-pin bowling alley.

February 2, 2006 - Norwegian Cruise Line (NCL) and the Port of New Orleans announced that NCL will be the first cruise line to homeport in New Orleans since Hurricane Katrina.

January 5, 2006 - Norwegian Cruise Line (NCL) and NCL America have been awarded “2005 Best Alternative Dining Room Cuisine” and “Best Hawai’i Itineraries” by Porthole Cruise Magazine.

January 5, 2006 - NCL Corporation (NCL) has been recognized by Cruise Critic, one of the industry’s leading Web sites, in its first-ever Cruise Critic Innovation Awards. The company received accolades for two of its groundbreaking programs: one for Freestyle Cruising, which offers the most innovative onboard dining program in the industry; and a second for pioneering the development of Homeport Cruising.

January 4, 2006 - Norwegian Cruise Line (NCL) will again feature a Wave of Prizes contest during its eighth annual Sale of All Sails promotion for 2006. NCL will shower cruise sellers with a multitude of prizes in a booking contest designed to reward agents for their hard work during the busiest time of the year.

January 4, 2006 - ABC's Good Morning America and Norwegian Cruise Line (NCL) have announced they will offer dozens of women and their friends a week aboard NCL's newest Freestyle Cruising ship, Norwegian Jewel, for the popular morning news program's “Girls' Week Out!” event.

January 3, 2006 - Today, NCL Corporation (NCL) is proud to announce the names of its two newest ships – Norwegian Pearl and Norwegian Gem. The ships, previously known as hull S.669 and S.670, will be Norwegian Jewel class ships and will be delivered in February 2007 and October 2007 respectively.rolina on its return trip to New York from Miami during a Bahamas/Florida cruise.

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