RCP Cruise Lines

11/20/2001


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Table of Contents

RCP Cruise Lines

PPT Slide

Forward Looking Statements

RCP Cruise Lines

Richard D Fain

RCP Cruise Lines

RCP: the perfect strategic fit

Company profiles

Key transaction terms

Growth in cruise passengers

Strong long term industry fundamentals

Creates the world痴 largest cruise vacation company

Strong brands in the world's key vacation markets

Peter G Ratcliffe

Operational benefits

The industry痴 most modern fleet

Expansion into Southern Europe

Operating cost efficiencies

Commitment to consumers and trade

Nick Luff

Structure of deal

A merger of equals: structure highlights

RCP corporate structure

Expected timetable to completion

Deal features

Impact on financial structure

Key financials

Summary

RCP Cruise Lines

Author: jchillman