NCL Appoints Two Senior Executives

Today, NCL Corporation (“NCL”) announced the appointment of two senior executives to its management team. Kevin Sheehan will join NCL, effective today, as Executive Vice President and Chief Financial Officer (CFO), and Gregory Hunt will join NCL on December 3 in the newly created position of Executive Vice President Strategic and Commercial Development. Both executives have extensive financial and operational experience and will report directly to NCL President and Chief Executive Officer (CEO) Colin Veitch.

After a successful nine-year career with Cendant including five years as President and CFO of Avis, two years as Cendant CFO and two years as Chairman and CEO of Cendant’s Vehicle Services Division, Kevin Sheehan has spent the past two and a half years consulting to private equity firms and lecturing at Adelphi University in New York as Distinguished Visiting Professor of Accounting, Finance and Economics. He is a graduate of Hunter College and the New York University Graduate School of Business and is a Certified Public Accountant.

In his new position, Gregory Hunt will oversee on-board revenue including casino operations. He will also spearhead a new strategic planning initiative as well as the commercial development of licensing opportunities and business partnerships. Hunt has held senior operating positions at companies owning and developing such household names as Culligan, Samsonite, Coldwell Banker and Century 21. Most recently, Hunt has been working for Apollo Management in the U.K. and prior to that was senior vice president and CFO at Tweeter Home Entertainment Group. He is a graduate of the University of Vermont and is a Certified Public Accountant.

Welcoming the executives, Veitch said: “Kevin and Gregory are two great additions to the team. They and we alike are eager to make all kinds of initiatives and opportunities to take NCL to the next level. We are truly fortunate to be able to attract such talent.”

NCL Corporation Ltd. is the holding company for various subsidiary companies involved in owning and operating the ships of Norwegian Cruise Line, NCL America and Orient Lines.

NCL plans to build two new third generation Freestyle Cruising ships for delivery in 2010.  NCL today has the youngest fleet in the industry, providing guests the opportunity to enjoy the flexibility of Freestyle Cruising on the newest, most contemporary ships at sea, and has recently added its latest new ship, the 2,400 passenger Norwegian Gem.

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