COSTA CROCIERE

Costa Crociere, an Italian company belonging to the Carnival Corporation Group (NYSE:CCL), is the leading European cruise group and the market leader in Italy, France, Spain, Switzerland and South America. It boasts the most modern fleet of all European cruise companies (8 ships with a total tonnage of 414,000 tons capable of accommodating over 10,800 guests). 3 new ships have been ordered that will increase the capacity of the fleet to approximately 19,000 guests by 2004. All the Costa Crociere ships fly the Italian flag and operate in the Mediterranean, Northern Europe, the Caribbean and South America. Costa Crociere is distinguished by its constant pursuit of excellence and its assertion of an unmistakable style.