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MSC ORDERS MORE MUSICAS

September 10, 2008

MSC Cruises orders two more Musica Class ships

MSC Cruises has ordered two additional ships from the Aker Yards France at St. Nazaire. The 93,000 grt ships will be the fifth and sixth Musica Class ships, with a capacity of 2,550 passengers each, double occupancy in 1,275 staterooms.

The announcement was made today in Milan by Pierfrancesco Vago, CEO of MSC Cruises worldwide, and Domenico Pellegrino, MSC Cruises General Manager, and Jacques Hardelay, General Manager of Aker Yards France--soon to become STX Europe.

The new ships -- due for delivery in 2011 and 2012 -- will be named MSC Meraviglia ("marvelous/amazing") and MSC Favolosa ("fabulous") ,

"I can say with pride that MSC Cruises has the most modern fleet in the world," declared Mr. Vago. "MSC Meraviglia and MSC Favolosa carry us forward to 2012, with more than 1.4 million guests to whom we can offer a product that has been designed, engineered and presented as only MSC Cruises knows how. We now play a key role on the global market, successfully acting as an ambassador for Italian style worldwide."

MSC Meraviglia and MSC Favolosa will bring the MSC Cruises' fleet total to 14 ships, completing a € 5.5 billion investment between 2003 and 2009 for the construction of 10 new generation ships, subdivided into three classes: Lirica class (60,000 tons), Musica class (93,000 tons), Fantasia class (133,500 tons);

"The new orders are the result of a careful evaluation of trends in the cruise industry in recent years," declared Mr. Pellegrino. "Over the first months of 2008, the cruise market grew by 13% while, in the same period, the company recorded an increase equal to 32% in terms of passengers.

"The strong relationship which already exists between MSC Cruises and Aker Yards has been reinforced by this contract. We look forward to continuing our innovative cooperation with MSC Cruises in order to offer unique cruise experiences to MSC Cruises' passengers. We are ready and happy to take up this new challenge," said Mr. Hardelay.


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