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OCEANIA CRUISES MARINA

February 26, 2010

Fincantieri hosts twin ceremonies for Oceania Cruises

Twin ceremonies at Fincantieri today saw the launch at Sestri Ponente, Genoa, of Marina, the first of two 65,000 gt ultra luxury cruise ships for Oceania cruises, and the cutting of steel for a sister ship, whose first section will be built at the Castellammare di Stabia shipyard.

Present at the ceremony were Frank J. Del Rio, founder, Chairman and CEO of Miami headquartered Oceania Cruises and Enrico Buschi, Director of Operations of Fincantieri.

Mr. Del Rio is also Chairman and CEO of Prestige Cruise Holdings (PCH). the parent company of Oceania Cruises and Regent Seven Seas Cruises, formed in 2007 to manage select assets in Apollo Management's cruise investment portfolio. Outside PCH, Apollo Management's other major cruise industry investment is a 50 percent stake in NCL.

PCH describes itself as the market leader in the upper-premium and luxury segments of the cruise industry with nearly 4,000 berths between the Oceania and Regent brands, a number the company expects will grow to more than 6,500 berths by 2011.

At 65,000 gt, the 9-deck Marina is 251 m long, 32 m wide and can reach a cruising speed of 22 knots. Maximum passenger capacity is 1,260 guests.

The whole design, the work of the Norwegian architects Yran & Storbraaten, was conceived to meet the tastes of a sophisticated, demanding public.

The ship's 629 staterooms and suites are among the most spacious at sea. Standard veranda staterooms on Marina are 282 square feet - the largest standard veranda staterooms in the cruise industry. Suites range in area from 420 square feet all the way up to the 2,000-plus square feet each that are offered by four owner's suites.


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