1. RTD8 – THOMSON CRUISES AGREEMENT ON ISSUE & NEED FOR CHANGE

2. Thomson Cruises in brief Britain’s 3 rd largest cruise line 5 cruise ships 250,000 passengers per year More than 160 ports of call

3. Thomson Cruises in 2011 We’d like to be sustainable…but… Sustainability is expensive and has no tangible benefit Saving fuel will reduce the customer experience We have a fleet of older ships, we must be less environmentally friendly than anyone else No-one is really interested Show me the money Details; details; details Make it easy Small things can add up to make a big difference Sustainable does not necessarily equal worse Start with the things you’re best at

4. Details - simply Optimum speed of engines Prevailing winds and currents Excursion lengths Traffic in ports (road and sea) When passengers typically go ashore and come back Meal times Scenery for sailaway Time required to prepare for disembarkation Sun rise & set times Whether ship can ‘drift’ en-route

5. Changing Cruises Saving per season > 1800 tonnes CO2 > £300,000 Saving per season > 800 tonnes CO2 > £100,000

6. The results Sustainability is expensive and has no tangible benefit In two years we’ve saved several million pounds in fuel and water costs. Saving fuel will reduce the customer experience We go to a greater variety of ports than ever before, and our passengers spend more time ashore. We have a fleet of older ships, we must be less environmentally friendly than anyone else We believe that Thomson Cruises has Britain’s lowest carbon footprint per passenger night. No-one is interested More than 85% of passengers think we are doing well.