Princess to Name Next 'Gem' Emerald Princess!

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Princess to Name Next 'Gem' Emerald Princess

Sister Ship to Crown Princess and Caribbean Princess will Debut in
Spring 2007

SANTA CLARITA, Calif., April 15
Princess Cruises' next new ship will be named Emerald Princess when
she debuts in Spring 2007. Sister ship to Caribbean Princess and the
upcoming Crown Princess, the 116,000-ton vessel will be constructed at
Italy's Fincantieri shipyards.

"We're very pleased to be able to welcome another sparkling gem to our
fleet," said Jan Swartz, Princess' senior vice president of customer
service and sales. "Emerald Princess will continue the hallmark
Princess features that have made our Grand Class of ships so popular
among passengers."

Emerald Princess will include the many innovations that define the
Princess experience, including the dramatic Movies Under the Stars
poolside movie screen, multiple dining and entertainment options,
Personal Choice Dining featuring traditional or Anytime seating, a
variety of alternative restaurants, a relaxing Asian-style Lotus Spa
with fitness center, an extensive children and teen's center, a
wedding chapel and nearly 900 staterooms with private balconies.

Details about the ship's inaugural season deployment will be announced
soon. For additional Princess information, contact a professional
travel agent.

About Princess Cruises:

One of the best-known names in cruising, Princess Cruises is a global
cruise and tour company operating a fleet of 14 modern ships renowned
for their innovative design and wide array of choices in dining,
entertainment and amenities, all provided in an environment of
exceptional customer service. A recognized leader in worldwide
cruising, Princess offers its passengers the opportunity to escape to
the top destinations around the globe, with sailings to all seven
continents, ranging in length from seven to 30 days. The company,
which celebrates its 40th anniversary in 2005, is part of Carnival
Corporation & plc (NYSE: CCL; LSE: CCL; NYSE: CUK).

Princess Cruises is a proud member of World's Leading Cruise Lines.
Our exclusive alliance also includes Carnival Cruise Lines, Holland
America, Cunard Line, Costa Cruises, Windstar Cruises and The Yachts
of Seabourn. Sharing a passion to please each guest, and a commitment
to quality and value, our member lines appeal to a wide range of
lifestyles and budgets. Together we offer exciting and enriching
cruise vacations to the world's most desirable destinations.