Princess Adds Another 680-Passenger Ship to Fleet

Press Release Source: Princess Cruises

Princess Adds Another 680-Passenger Ship to Fleet
Thursday March 9, 11:00 am ET
Vessel to Debut as Royal Princess, Further Expanding Line's Exotic
Offerings
Sister Ship to Popular Pacific Princess and Tahitian Princess to Enter
Service in Spring 2007

SANTA CLARITA, Calif., March 9 /PRNewswire/ -- Princess Cruises today
announced that it will expand its fleet with a sister vessel to the
line's popular Tahitian Princess and Pacific Princess. The
680-passenger ship will be named Royal Princess, taking the name of a
much-beloved Princess ship which had long been cruising in Europe and
other exotic worldwide destinations. Its new successor will take over a
similar deployment when she enters service in spring 2007.
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The 30,000-ton ship originally entered service in 2001 as a Renaissance
vessel (named R8) and is currently cruising as Swan Hellenic's Minerva
II. Royal Princess will join its sisters Tahitian Princess and Pacific
Princess to give passengers a cruising environment with all the
hallmarks of choice for which Princess is known, including a variety of
dining and entertainment options and a large number of cabins with
private balconies.

"We're delighted to welcome the new Royal Princess to our fleet," said
Alan Buckelew, the company's president. "The Princess cruise experience
is all about choice, and we're sure this new ship addition will please
our passengers who enjoy traveling aboard a smaller vessel to exotic
destinations. We're expecting that this ship will rapidly achieve the
same loyal passenger following as her sisters Pacific and Tahitian."

Buckelew added that the company's smaller ships nicely complement its
fleet of larger vessels, furthering Princess' commitment to providing
passengers with exotic itineraries and providing a "boutique version"
of the company's Personal Choice Cruising program. This includes a
variety of dining experiences such as a 24-hour Lido cafe and
alternative dining venues, and nearly three-quarters of all cabins
featuring private balconies.

The ship will begin sailing for Princess in April 2007 after a two week
dry dock to make some interior modifications. Her first itineraries
will be in Europe with 12-day sailings in the Mediterranean, Holy Land
and Black Sea, and details of these cruises will be announced shortly.

"With the addition of Royal Princess, this further modernizes the
Princess fleet, which is already one of the youngest in the industry,"
added Buckelew. "In 2007 our average ship age will be just under six
years, and we know that our passengers appreciate the features and
amenities we can offer with newer ships."

Additional information is available through a professional travel
agent, by calling 1-800-PRINCESS, or by visiting the company's website
at www.princess.com.

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/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