Forward Looking Statements
Form of Safe Harbour wording
Certain matters discussed in this release are “forward-looking statements” that involve risks, uncertainties and assumptions with respect to P&O Princess Cruises plc (P&O Princess) and Royal Caribbean Cruises Ltd. (“Royal Caribbean”), including statements concerning the transactions described herein, future results, plans and goals and other events which have not yet occurred. These statements are intended to qualify for the safe harbours from liability provided by Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934, which are part of the Private Securities Litigation Reform Act of 1995. You can find many (but not all) of these statements by looking for words like "will", "may", "believes", "expects", "anticipates", "plans" and "estimates" and for similar expressions. Because forward-looking statements involve risks and uncertainties, there are many factors that could cause the transactions described herein not to occur and/or each of P&O Princess’ and Royal Caribbean’s actual results to differ materially from those expressed or implied in this release. These include, but are not limited to, regulatory and shareholder approvals, achievement of planned synergies, general economic and business conditions and in particular, conditions in the travel and vacation industry, including changes in industry capacity and competition from other cruise ship operators and other vacation alternatives, safety and security concerns and their impact on the foregoing and the business and cash flows of P&O Princess and Royal Caribbean; the political climate; fluctuations in interest rates, changes in the tax and regulatory regimes under which each company operates, capital expenditures, and factors impacting each of P&O Princess’ and Royal Caribbean’s international operations. In addition, the sections entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations" in each of P&O Princess’ and Royal Caribbean’s Annual Report on Form 20-F for the year ended December 31 2000 filed with the U.S. Securities and Exchange Commission contain important cautionary statements and a discussion of many of the factors that could materially affect the accuracy of each company’s forward-looking statements and/or adversely affect their respective businesses, results of operations and financial position, which statements and factors are incorporated herein by reference. P&O Princess’ and Royal Caribbean do not plan to update any forward-looking statements.