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Norwegian Cruise Line Takes "Project America" Hull to Sea

Miami, November 11, 2002 - The first ship of the two vessel "ProjectAmerica" shipbuilding program tasted the open ocean last week, partially completed and towed by a powerful tug. The hull, plus the materials and equipment needed to complete her, plus all the work in progress and materials for the second ship, are on their way to Europe from the Northrop Grumman Ship Systems Ingalls yard in Pascagoula, Mississippi. (A high-resolution photograph of the hull is available on line at: http://www.ncl.com/hires/pages/new_ship1.htm

The new owner, Norwegian Cruise Line (NCL), is in advanced discussions with Lloyd Werft in Germany to complete the ship. Lloyd Werft supervised the removal and towing of the hull and materials on Tuesday, November 5, 2002. In August, NCL contracted with Northrop Grumman Ship Systems (NGSS) to buy all of the materials and equipment and the work performed to date on the two "Project America" vessels.

The original design of the first "Project America" ship has been modified and will sail under the NCL brand as the latest addition to the company's revolutionary Freestyle Cruising fleet. The yet-to-be-named vessel will be delivered in Spring 2004 and will be the fourth new ship for NCL in as many years.

Once the completion of the first vessel is under way, NCL will explore the feasibility of completing the second vessel based on the work in progress and materials that have been purchased as part of the deal with NGSS.

Miami-based Norwegian Cruise Line is an international cruise company and industry innovator that operates a fleet of nine ships sailing to more than 140 ports around the world.

For further information on NCL, contact a travel agent or NCL in the U.S. and Canada at (800) 327-7030; in Miami-Dade County, Fla., (305) 436-0866; visit NCL's web site at www.ncl.com; or on AOL at keyword: NCL; or to download high resolution photography, visit www.ncl.com/hires.

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