Hot Princess Deals for the week of 12/18/08 to 12/31/08

SELECTED FLASH!       FLASH!       FLASH!       FLASH!       FLASH! ACCOUNTS AVAILABLE FROM THURSDAY 12/18/08 5:00 am PDT – WEDNESDAY 12/31/08 5:00 pm PDT

Winter 2009 CARIBBEAN Fares from less than $65 per day!* Fares good for two weeks!

Caribbean Calypso 14 DAYS ROYAL PRINCESS ® – Sail roundtrip from Ft. Lauderdale DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Jan 6, 2009 $1399 $1499 $1999 – Grand Caribbean Adventurer 14 DAYS SEA PRINCESS ® – Sail roundtrip from Barbados DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Jan 24, 2009 $999 – – – Feb 21, 2009 $999 $1399 – – Southern Caribbean Explorer 7 DAYS CARIBBEAN PRINCESS ® – Sail roundtrip from San Juan DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Jan 25, 2009 $449 $549 – – Feb 8, 2009 $449 $549 $799 – Feb 22, 2009 $499 $599 $799 $999 Caribbean Collection 14 DAYS GRAND PRINCESS ® – Sail roundtrip from Ft. Lauderdale DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Jan 30; Feb 13, 2009 $999 – – – Feb 27, 2009 $1099 $1199 $1899 $2299 Western Caribbean 7 DAYS RUBY PRINCESS SM – Sail roundtrip from Ft. Lauderdale DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Jan 31; Feb 7, 2009 $549 – – – Feb 14, 2009 $549 $599 $899 $1299 Feb 21, 2009 $549 $599 $899 – Eastern Caribbean 7 DAYS CROWN PRINCESS ® – Sail roundtrip from Ft. Lauderdale DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Feb 1, 8, 2009 $549 – – – Feb 15, 22, 2009 $549 $599 $899 $1199 Classic Southern Caribbean 7 DAYS CARIBBEAN PRINCESS ® – Sail roundtrip from San Juan DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Feb 1, 2009 $449 $549 – – Feb 15, 2009 $499 $599 $899 $1299 Grand Caribbean Islander 14 DAYS SEA PRINCESS ® – Sail roundtrip from Barbados DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Feb 7, 2009 $999 – – – Eastern Caribbean Voyager 10 DAYS EMERALD PRINCESS ® – Sail roundtrip from Ft. Lauderdale DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Feb 8, 2009 $799 – – – Southern Caribbean Medley 10 DAYS EMERALD PRINCESS ® – Sail roundtrip from Ft. Lauderdale DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Feb 18, 2009 $899 $999 $1599 $1899

SELECTED FLASH!       FLASH!       FLASH!       FLASH!       FLASH! ACCOUNTS AVAILABLE FROM THURSDAY 12/18/08 5:00 am PDT – WEDNESDAY 12/31/08 5:00 pm PDT

Winter/Spring 2009 ASIA/AUSTRALIA/ SOUTH AMERICA/SOUTH PACIFIC Exotic Escapes from less than $60 per day!* Fares good for two weeks!

Amazon River 28 DAYS PACIFIC PRINCESS ® – Sail roundtrip from Ft. Lauderdale DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Jan 2, 2009 $1999 $2299 $3499 – Jan 30, 2009 $2199 $2499 $3999 – Feb 27, 2009 $2499 $2599 $3999 – Amazon River 14 DAYS PACIFIC PRINCESS ® – Sail between Ft. Lauderdale and Manaus DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Jan 2, 2009 $999 $1199 $1799 – Jan 16, 30, 2009 $999 $1199 $1999 – Feb 13, 27, 2009 $1299 $1399 $2199 – Cape Horn & Strait of Magellan 12 DAYS STAR PRINCESS ® – Sail from Santiago to Buenos Aires DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Jan 5, 2009 $699 $799 $1199 $1499 Feb 2, 2009 $799 $899 $1299 – Australia & New Zealand 12 DAYS DIAMOND PRINCESS ® – Sail between Auckland and Sydney DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Jan 5, 17, 2009 $699 $799 $1199 $1899 Jan 29; Feb 10, 2009 $799 $899 $1799 $2499 Antarctica & South America Adventure 16 DAYS STAR PRINCESS ® – Sail from Buenos Aires to Santiago DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Jan 17; Feb 14, 2009 $899 $1599 $2499 $3299 New Zealand 13 DAYS DAWN PRINCESS ® – Sail roundtrip from Sydney DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Feb 9, 2009 $1299 $1499 – – Onboard currency will be in Australian dollars. Australia, New Zealand & China 32 DAYS DIAMOND PRINCESS ® – Sail from Auckland to Bangkok DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Feb 10, 2009 $1999 $2499 $4299 – Australia & Asia 20 DAYS DIAMOND PRINCESS ® – Sail from Sydney to Bangkok DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Feb 22, 2009 $1499 $1699 $2999 $3499 China & Japan (Cherry Blossom) 42 DAYS DAWN PRINCESS ® – Sail roundtrip from Sydney DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Mar 7, 2009 $3999 $5999 $7999 – Onboard currency will be in Australian dollars.

SELECTED FLASH!       FLASH!       FLASH!       FLASH!       FLASH! ACCOUNTS AVAILABLE FROM THURSDAY 12/18/08 5:00 am PDT – WEDNESDAY 12/31/08 5:00 pm PDT

Winter 2009 PANAMA CANAL 10 days from $899!* Fares good for two weeks!

Roundtrip Panama Canal 10 DAYS CORAL PRINCESS ® – Sail roundtrip from Ft. Lauderdale DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Feb 3, 2009 $899 – $1299 – Feb 13, 2009 – – $1199 $1499 10 DAYS ISLAND PRINCESS ® – Sail roundtrip from Ft. Lauderdale DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Feb 22, 2009 $899 $999 $1399 $1699 Panama Canal Adventurer 10 DAYS ISLAND PRINCESS ® – Sail from Acapulco to Ft. Lauderdale DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Feb 12, 2009 $999 $1199 – – Exotic Panama Canal 14 DAYS CORAL PRINCESS ® – Sail from Ft. Lauderdale to Los Angeles DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Feb 23, 2009 $1699 – $2799 –

SELECTED FLASH!       FLASH!       FLASH!       FLASH!       FLASH! ACCOUNTS AVAILABLE FROM THURSDAY 12/18/08 5:00 am PDT – WEDNESDAY 12/31/08 5:00 pm PDT

Winter/Spring 2009 ASIA/AFRICA/AUSTRALIA/ SOUTH PACIFIC/WORLD CRUISE Experience an Epic Escape: 2009 World Cruise and Segment Voyages from just $80 per day!* Fares good for two weeks!

World Cruise 117 DAYS TAHITIAN PRINCESS ® – Sail from Ft. Lauderdale to Stockholm DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Jan 14, 2009 $18,869 $19,869 $27,869 $38,869 World Cruise Segment 58 DAYS TAHITIAN PRINCESS ® – Sail from Ft. Lauderdale to Hong Kong DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Jan 14, 2009 $4599 $5599 $9999 $16,999 58 DAYS ROYAL PRINCESS ® – Sail from Ft. Lauderdale to Hong Kong DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Jan 20, 2009 $4599 $5599 $9999 – World Cruise Segment 35 DAYS TAHITIAN PRINCESS ® – Sail from Ft. Lauderdale to Sydney DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Jan 14, 2009 $2799 $3499 $5999 $9999 35 DAYS ROYAL PRINCESS ® – Sail from Ft. Lauderdale to Sydney DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Jan 20, 2009 $2799 $3499 $5999 – World Cruise Segment 23 DAYS TAHITIAN PRINCESS ® – Sail from Sydney to Hong Kong DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Feb 19, 2009 $1899 $2399 $3999 $6999 23 DAYS ROYAL PRINCESS ® – Sail from Sydney to Hong Kong DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Feb 25, 2009 $1899 $2399 $3999 – World Cruise Segment 72 DAYS ROYAL PRINCESS ® – Sail from Sydney to Rome DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Feb 25, 2009 $7999 $8999 $11,999 – World Cruise Segment 45 DAYS ROYAL PRINCESS ® – Sail from Sydney to Dubai DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Feb 25, 2009 $4999 $5999 $7999 –

SELECTED FLASH!       FLASH!       FLASH!       FLASH!       FLASH! ACCOUNTS AVAILABLE FROM THURSDAY 12/18/08 5:00 am PDT – WEDNESDAY 12/31/08 5:00 pm PDT

Winter 2009 HAWAII/MEXICO 7 days from $399! 14 days from $899!* Fares good for two weeks!

Mexican Riviera 7 DAYS SAPPHIRE PRINCESS ® – Sail roundtrip from Los Angeles DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Jan 17, 24, 2009 $399 – – – Jan 31; Feb 7, 2009 $399 – $699 $899 Feb 14, 21, 2009 $429 – $699 $899 Hawaiian Islands 14 DAYS GOLDEN PRINCESS ® – Sail roundtrip from Los Angeles DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Jan 21, 2009 – – $1799 – Feb 4, 2009 $899 – – – Feb 18, 2009 $999 $1199 $1999 –

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SELECTED FLASH!       FLASH!       FLASH!       FLASH!       FLASH! ACCOUNTS AVAILABLE FROM THURSDAY 12/18/08 5:00 am PDT – WEDNESDAY 12/31/08 5:00 pm PDT

Winter 2009 HAWAII/MEXICO 7 days from $399! 14 days from $899!* Fares good for two weeks!

Mexican Riviera 7 DAYS SAPPHIRE PRINCESS ® – Sail roundtrip from Los Angeles DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Jan 17, 24, 2009 $399 – – – Jan 31; Feb 7, 2009 $399 – $699 $899 Feb 14, 21, 2009 $429 – $699 $899 Hawaiian Islands 14 DAYS GOLDEN PRINCESS ® – Sail roundtrip from Los Angeles DATE(S) INTERIOR OCEANVIEW BALCONY MINI-SUITE Jan 21, 2009 – – $1799 – Feb 4, 2009 $899 – – – Feb 18, 2009 $999 $1199 $1999 – FOR RESERVATIONS VISIT: US: (800) 421-1700 Canada: (800) 788-4000 Fax: (661) 284-4744 Amadeus | Apollo | Sabre

*FARES ARE CRUISE ONLY, NON-AIR, PER PERSON, BASED ON DOUBLE OCCUPANCY, SUBJECT TO AVAILABILITY, CAPACITY CONTROLLED AND INCLUDE NON-COMMISSIONABLE FARE. OFFER EXCLUDES SELECT CATEGORIES. Oceanview stateroom may have an obstructed view. Additional stateroom categories may be available at higher fares. This offer applies to lower berth passengers and is available for new individual bookings only. Offer is available to Selected Account Agencies in Puerto Rico and U.S. only. Standard air applies. Full payment due within 24 hours. Cancellation fees will apply. Name changes and waitlists not allowed. Offer may not be combinable with cruisetours or other discounts, including shipboard credits. This offer is available for new individual bookings only and is available from Thursday 12/18/08 5:00 am PDT – Wednesday 12/31/08 5:00 pm PDT. Please refer to the applicable Group Sales Guide for Government Fees and Taxes which are additional. Princess reserves the right to impose a fuel supplement of up to $9 US per person per day on all passengers if the NYMEX oil price exceeds $70 US per barrel, even if the fare has already been paid in full. Transfers to/from ship/hotel are not included in fares. Please refer to the applicable Princess Cruises brochure or princess.com for terms, conditions and definitions which apply to the booking. Fares are quoted in U.S. dollars.