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NCL CORPORATION ANNOUNCES NEW SENIOR EXECUTIVE APPOINTMENTS

MIAMI – July 7, 2006 – NCL Corporation (“NCL”) today announced several new senior executive appointments for the revenue management, fleet operations and finance departments. Robert Thye joins NCL in the newly created position of senior vice president, revenue management. Thye will report to Andy Stuart, NCL’s executive vice president of sales, marketing and passenger services. Carlos Hernandez joins NCL as vice president and controller. Hernandez takes over from NCL’s current controller, Jay Levitt who is leaving the company after 29 years of service. Hernandez will report to Bonnie Biumi, NCL’s chief financial officer.

Jeff Frier joins as vice president of technical operations. Frier will report to Chris Foong, senior vice president of marine technical and new build operations. Captain Niklas Peterstam has joined the shore side Miami office as vice president of nautical operations. Peterstam reports to Bill Hamlin, executive vice president of fleet operations. In addition, Captain Svein Sleipnes previously vice president of nautical operations has moved into the position of vice president of port operations reporting to Hamlin.
Welcoming his new senior colleagues, NCL’s President and CEO Colin Veitch said: “I’m very pleased to be welcoming such an impressive infusion of senior management talent. Each of them has extensive experience in his respective field and we are all looking forward to working closely with them and benefiting from their contributions.”

Bob Thye joins NCL from American Airlines, where he has worked since 1991. His most recent role was managing director revenue management and capacity planning technology. Prior to his current role, Thye has held a number of revenue management, customer service and technology focused positions at the airline. He started his career in 1986 at Andersen Consulting as a senior consultant, where he led information systems development projects for a variety of clients. In 1991, Thye received a Master's of Business Administration in Marketing at the University of California.

Carlos Hernandez joins NCL from PricewaterhouseCoopers LLP where he was most recently an assurance senior manager. In that role, he was responsible for concurrently managing numerous audit and special engagements for public and private companies in the cruise, travel and consumer product industries. Hernandez has a Master of Accounting from Florida International University and is a Certified Public Accountant.

Jeff Frier joins NCL from the Carnival Corporate shipbuilding operation in Southampton, England where he was principal manager of the naval architecture and outfitting group. He had previously worked as a senior naval architect on behalf of the Carnival Group since 2001. Prior to that, Frier spent seven years with Det Norske Veritas (DNV) in both the U.S. and in London. He holds a degree in Naval Architecture and Shipbuilding from Newcastle University in the U.K., and is a chartered engineer and a member of the Royal Institution of Naval Architects.

Captain Niklas Peterstam joined NCL in September 2001 bringing out the new Norwegian Star and Norwegian Dawn from the shipyard and has been at the helm of Norwegian Dawn until joining the Miami shore side staff this month. Prior to NCL, Peterstam served with Star Cruises in various deck officer capacities, including Captain, since 1996. He also worked for Sale’n Lindbland Cruising, an expedition cruise company where he traveled to remote areas of the world.

Captain Svein Sleipnes joined NCL in 1982 as a first officer and was later promoted to Captain, with the distinction of being NCL’s youngest captain. Sleipnes left NCL in 1994 and was director of nautical operations at Royal Caribbean until re-joining the company in June of 2000 as vice president of nautical operations.

NCL Corporation Ltd. ("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 christened its newest ship, Pride of Hawai`i on Saturday, May 20, 2006, the largest and most expensive U.S. flagged passenger ship ever built. It is currently building two ships, Norwegian Pearl scheduled for delivery in the fourth quarter of 2006 and Norwegian Gem scheduled for delivery in the fourth quarter of 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 www.ncl.com/hires.

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