1. THE EUROPEAN CRUISE INDUSTRY A SOURCE OF ECONOMIC GROWTH IN UNCERTAIN TIMES David Dingle Chairman, European Cruise Council Chief Executive Officer, Carnival UK

2. THE EUROPEAN CRUISE INDUSTRY – A GROWING SHARE OF A GLOBAL MARKET WITH 4.4 M PASSENGERS IN 2008 Growth 2005 To 2008 12% 33% 44% 66% 16.2m Global Passengers 4.4m European Passengers 187,300 cruise beds In Europe 26.4m cruise pax calls In Europe Source: G.P. Wild (International) Limited and Business Research and Economic Advisors

3. THE CRUISE INDUSTRY’S DIRECT ECONOMIC IMPACT IN EUROPE IN 2008 €14.2 BILLION, GROWING 71% IN 3 YEARS. Source: G.P. Wild (International) Limited and Business Research and Economic Advisors €8.3 €10.6 €14.2 €12.9 €bn’s

4. ALL CRUISE SECTORS ENJOYING CONTINUING GROWTH 20 ships under construction in 2008 and 33 new ships currently on order 75% growth in cruise line expenditures 150,000 European employees, with 79% growth in sea staff 4.7m passengers spent €0.5bn in embarkation ports 21.7m passengers spent €1.3bn in way ports

5. THE TOTAL OUTPUT IMPACT OF THE CRUISE INDUSTRY IN 2008 WAS €32.2BN, GROWING 69% IN THREE YEARS Total Output Impacts of the European Cruise Industry, 2005-2008 311,512 European jobs (+66% in 3 years) €10.0 bn European wages Source: G.P. Wild (International) Limited and Business Research and Economic Advisors €bn’s

6. A SOURCE OF ECONOMIC GROWTH IN UNCERTAIN TIMES Even in an economic downturn, cruise capacity growth and a full-ship business model will deliver increasing economic output in Europe

7. EUROPEAN CRUISING – A POSITIVE COLLABORATION BETWEEN INDUSTRY AND REGULATORS Baltic waste water discharge policy – HELCOM/ECC agreement – Baltic Sea Challenge Commission study on EU tourist facilities in ports EU Passenger Rights proposed regulation – Persons with Reduced Mobility consultation EUNAVFOR piracy protection

8. A FULL ON-GOING AGENDA Shore-side electricity (cold ironing) Package Travel Regulations 1992 revision – Harmonised terms and conditions – Harmonised bonding schemes Avoidance of Member State restrictive practices

9. GLOBAL REGULATION FOR A GLOBAL INDUSTRY International agreement at IMO on carbon market-based instruments EU sulphur regulations not to exceed sulphur revisions in MARPOL Annex VI Indirect taxation of supply of on-board goods and services to recognise global practices Employment policy must not damage international competitiveness of EU seafarers

10. EUROPEAN INDUSTRY AND GOVERNMENT COLLABORATION – A CRUISING SUCCESS STORY By working together, the European cruise industry and EU Member States can deliver economic growth by promoting best practice and global competitiveness