About Oceania Cruises

Oceania Cruises® is the world’s only upper-premium cruise line and offers a unique combination of the finest cuisine at sea, luxurious accommodations, exceptional personalized service and extraordinary value.

As the leader in destination cruising, Oceania Cruises sails to more than 180 ports in Europe, China and the Far East, Australia, New Zealand, South America, Central America and the Caribbean. Featuring three intimate and elegant mid-sized ships, Regatta, Insignia and Nautica, the line will introduce two new mid-size Oceania-Class ships to its award-winning fleet in 2010 and 2011.

Oceania Cruises, with headquarters in Miami, FL, is owned by Prestige Cruise Holdings, a subsidiary of Apollo Management L.P. Prestige Cruise Holdings is the market leader in the Upper Premium and Luxury segments of the cruise industry with more than 4,450 berths between the Oceania Cruises and Regent Seven Seas Cruises brands, a number the company expects will grow to more than 6,700 berths by 2011.

About Apollo Management L.P.

Founded in 1990, Apollo is a leading private equity and capital markets investor with more than 17 years of experience investing across the capital structure of leveraged companies. The firm employs over 140 professionals and has offices in New York, Los Angeles, London, Singapore, Frankfurt and Paris. Since its inception, Apollo has managed more than $28 billion of capital across a wide variety of industries both domestically and internationally. The firm's most recent private equity fund and its co-investment affiliate have capital commitments of approximately $11.6 billion. Investments in the leisure and hospitality industries have included Harrah's Entertainment (pending), AMC Entertainment, Sirius Satellite Radio, Wyndham International, and Vail Resorts. Apollo is already active in the cruise industry, having invested in the upper premium Oceania Cruises brand earlier this year, and is scheduled to shortly close on a committed investment in NCL Corporation Ltd ("NCL"), parent company of Norwegian Cruise Line and NCL America . Since investing in Oceana, Apollo has supported the ordering of two new ships worth approximately $1 billion.

About Carlson:

Carlson is a global leader in the hotel, restaurant, business and leisure travel, and marketing industries.

The Carlson family of brands and services include: Regent Hotels & Resorts®, Radisson Hotels & Resorts®, Park Plaza Hotels & Resorts, Country Inn & Suites By Carlson, Park Inn® hotels, Regent Seven Seas Cruises®, T.G.I. Friday's and Pick Up Stix® restaurants, Carlson Wagonlit Travel®, Cruise Holidays^SM, All Aboard Travel, Cruise Specialists, Fly4Less.com, Cruise Deals.com, Dazzle Travel, Results! Travel®, Carlson Destination Marketing Services, Carlson Leisure Travel Services, SeaMaster Cruises®, SinglesCruise.com, Partners In Travel, Luxury Travel Network, Carlson Marketing, Peppers & Rogers Group®, and Gold Points Reward Network®.

Based in Minneapolis, Carlson's brands and services employ about 190,000 people in 150 countries and territories. Carlson's 2006 systemwide sales, including franchised operations, totaled $37.1 billion. www.carlson.com.

Awards and Accolades

For the fourth year in a row, in a testament to the exceptional quality and outstanding value that Oceania Cruises provides its guests, the savvy and sophisticated readers of Travel + Leisure Magazine and Condé Nast Traveler have ranked Oceania Cruises as one of the world’s finest cruise lines. These prestigious awards reaffirm the line’s unique brand positioning and leadership within the hospitality industry and place the line above the leading premium cruise lines and in the esteemed company of the world’s most respected luxury brands.

Destinations

2008 and 2009: Australia, New Zealand, Antarctica, the Amazon, Baltic, Black Sea, China, the Far East, Greek Isles, Mediterranean, Scandinavia, Russia, Southeast Asia, India, Arabia, Africa, Central America, the Caribbean, South America and the Panama Canal.