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April 25, 2002

HAL exercises option for fifth Vista
Carnival Corporation's Holland America Line has exercised an option with Fincantieri-Cantieri Navali Italiani S.p.A., to build a fifth 1,848-passenger Vista-class ship costing approximately $400 million for delivery in Spring 2006.

The first of the Vista class vessels, Holland America's 1,848-passenger ms Zuiderdam, will be delivered Nov. 15, 2002, and sail Dec. 14, 2002 on its maiden voyage from Ft. Lauderdale. The second Vista, ms Oosterdam, is scheduled for delivery in June 2003. The third Vista ship will be delivered in April 2004 and the fourth in October 2005.

"Exercising this option signifies a 73 percent growth in our capacity over the next four years," said A. Kirk Lanterman, chairman and CEO, Holland America Line. "These five Vista class vessels will define the next generation of Holland America cruising."

At 85,000 tons, HAL's Vista Class premium ships are the largest ever built for the company; they also will boast the highest passenger space ratio of its fleet at 46, keeping the company firmly placed as the leader in premium cruising.

The Vista-class ships feature "exterior elevators,"on both sides of the vessel and vertically traversing 10 decks, providing guests with panoramic sea views. The ships also include a wide range of spacious accommodation categories. About 85 percent of the staterooms feature an ocean view, with approximately 80 percent of those offering private verandahs.

The 951-foot-long vessels' propulsion system includes a full-scale diesel-electric power plant, backed up by a gas turbine as an additional power source, giving the vessel the capability to operate on either diesel or gas turbine power. The ships also will use the Azipod propulsion system, allowing for greater maneuverability, enhanced operating efficiencies and environmental benefits.

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