NCL CORPORATION ANNOUNCES NAMES FOR ITS TWO NEW SHIPS --NORWEGIAN PEARL AND NORWEGIAN GEM

Company’s newest Freestyle Cruising vessels will be delivered in 2007

MIAMI, 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.

Currently under construction at Meyer Werft in Germany, Norwegian Pearl and Norwegian Gem will feature all the attributes of NCL’s dynamic modern Freestyle Cruising fleet with multiple restaurants, vibrant public rooms, versatile, family-friendly accommodations and NCL’s popular new style of accommodations - Courtyard Villas - which along with each ship’s two Garden Villas -- make up the biggest, most luxurious, most innovative suite complexes at sea.

“Norwegian Pearl and Norwegian Gem will be the ninth and 10th big new ships to join the NCL fleet since the fleet modernization began in late 1999,” said Colin Veitch, president and CEO of NCL Corporation. “Once Norwegian Gem is delivered in 2007, over 80 percent of NCL’s capacity will be big, new and modern, keeping NCL on track to offer the youngest fleet in the industry by 2010.”

Norwegian Pearl and Norwegian Gem will join Pride of Hawai`i when she is launched in April and the seven big new ships built since 1999 and already in service – Norwegian Sun, Norwegian Star, Norwegian Dawn, Norwegian Spirit, Pride of Aloha, Pride of America and Norwegian Jewel.

NCL will announce specifics on the new ships’ public rooms and itineraries in the near future including details about each ship’s distinctive hull artwork.

NCL Corporation ("NCL") is an innovative cruise company headquartered in Miami, Florida, with a fleet of 15 ships in service and under construction. The corporation oversees the operations of Norwegian Cruise Line, NCL America, and Orient Lines. The company is currently building three ships, including one more for the NCL America brand in Hawai`i - Pride of Hawai`i (delivery in April 2006), and Norwegian Pearl and Norwegian Gem for delivery in 2007.

For further information, please contact NCL in the U.S. and Canada at (800) 327-7030; visit NCL’s website at www.ncl.com or on AOL at keyword: NCL; or to download high-resolution photography, visit www.ncl.com/hires.