Oceania Cruises And Fincantieri Commence Construction Of Marina

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Oceania Cruises begins construction of its first ever purpose-built ship.

Frank Del Rio, Chairman & CEO of Prestige Cruise Holdings and founder of Oceania Cruises, and Bob Binder, President of Oceania Cruises with Marina%u2019s lucky coins

This is a momentous day in the history of Oceania Cruises, one which will only be eclipsed on the day we take delivery of Marina in 2010. We want to express our sincere thanks to our loyal guests, travel partners and the entire Oceania Cruises team for all their dedication and hard work in making this new ship become a reality

Miami, FL - A ceremony marking the Keel Laying for Oceania Cruises' Marina was held yesterday at the Sestri Ponente shipyard of Fincantieri near Genoa, Italy. During the age-old ceremony which was attended by members of both Oceania Cruises' and Fincantieri's management teams, Frank Del Rio, Chairman and CEO of Prestige Cruise Holdings and founder of Oceania Cruises, welded a US Silver Dollar and a pre-Castro Silver Cuban Peso into the keel of the new ship. The welding of the coins into the keel is long-standing maritime tradition which is believed to solicit good fortune for the ship, its crew and its passengers during its seagoing life. After the coins were welded into the keel, the first of the 55 steel blocks which comprise Marina was lowered into the building dock thus marking the official start of the construction of Oceania Cruises' first purpose-built ship.

"This is a momentous day in the history of Oceania Cruises, one which will only be eclipsed on the day we take delivery of Marina in 2010. We want to express our sincere thanks to our loyal guests, travel partners and the entire Oceania Cruises team for all their dedication and hard work in making this new ship become a reality," stated Frank Del Rio, Chairman and CEO of Prestige Cruise Holdings.

Marina, the first of the new Oceania-Class, represents an evolution of the line's extremely popular Regatta-Class ships, retaining all of the warmth, popular design elements and signature amenities the line is renowned for while affording guests an additional level of comfort, convenience and many new luxury amenities. Designed to cruise to all corners of the globe, the new ships will boast a cruising speed 20% faster than the Regatta-Class.

The new ships will be awash in rich woods, Italian marble, lustrous granite, fine wool carpets and sumptuous leather. No detail is being overlooked to create an array of spacious, yet intimate public spaces and luxurious staterooms and suites. They will accommodate 1,252 guests in 626 staterooms and suites who will be served by more than 780 staff members. 96% of all accommodations will feature private teak verandas and guests will dine in their choice of six open seating restaurants.

Additional details on the Marina's suites and staterooms, restaurants, guest facilities and itineraries will be released in the coming months.

For additional information on the Oceania Cruises Experience or to order a brochure on the 2009 European Collection or 2009-2010 Winter Collection, call your Travel Agent or Oceania Cruises at 800-531-5658 or visit us online at OceaniaCruises.com.

Note to Editors: Hi-resolution photography of the event is available upon request.

ABOUT OCEANIA CRUISES:
Oceania Cruises® is the world's only upper-premium cruise line and offers a unique combination of the finest cuisine at sea, luxurious accommodations, exceptional personalized service and extraordinary value. As the leader in destination cruising, Oceania Cruises sails to more than 180 ports in Europe, Australia, New Zealand, Asia, South America, and the Caribbean. Featuring three intimate and elegant mid-sized ships, Regatta, Insignia and Nautica, the line will introduce two new mid-size Oceania Class ships to its award-winning fleet in 2010 and 2011. For additional information, to make a reservation, or to order a brochure, please contact your Travel Agent or Oceania Cruises at 800-531-5658. Visit us at http://www.OceaniaCruises.com.

About Prestige Cruise Holdings:
Prestige Cruise Holdings (PCH) is the parent corporation of Oceania Cruises and Regent Seven Seas Cruises. Formed in 2007 to manage select assets in Apollo Management's cruise investment portfolio, PCH is led by Chairman and Chief Executive Officer Frank J. Del Rio, the founder of Oceania Cruises. PCH is the market leader in the Upper Premium and Luxury segments of the cruise industry with more than 4,450 berths between the Regent Seven Seas and Oceania Cruises brands, a number the company expects will grow to more than 6,700 berths by 2011.

SOURCE:
Oceania Cruises, Inc.

CONTACTS:
Oceania Cruises, Inc. Media Contact
Tim Rubacky, +1-305-514-2311

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