Extension of options for new ships
Further to the position outlined in its second quarter results
announcement last week, P&O Princess today confirmed that it has
reached agreement with Chantiers d Atlantique to extend the
options for the ordering of two additional new ships. P&O
Princess now has until a date in late September to declare these
options.
The options are for two sister ships to the Coral and Island
Princesses which are currently under construction at the French
yard, with delivery scheduled for November 2002 and May 2003.
The prices for the two ships under option are fixed in Euros and
have not changed as a result of this extension. The scheduled
delivery dates for the ships, if ordered, remain the same, being
in 2005 and 2006.
For further information contact:
P&O Princess Cruises plc
Caroline Keppel-Palmer +44 20 7805 1214
07730 732015
Brunswick
John Sunnucks
+44 20 7404 5959
Website www.poprincesscruises.com
P&O Princess
P&O Princess Cruises plc is a leading international cruise
company with some of the strongest cruising brand names: Princess
Cruises in North America; P&O Cruises, Swan Hellenic and Ocean
Village in the UK; AIDA and AROSA in Germany; and P&O Cruises in
Australia. It is a leading provider of cruises to Alaska, the
Caribbean, Europe, the Panama Canal and other Exotic
destinations. The current complement of 19 ships and two river
boats offering 31,130 berths is set to grow in the next two years
with six new ocean cruise ships and one river boat on order.
P&O Princess Cruises has approximately 20,000 employees worldwide
and carried over one million passengers in 2001, generating a
revenue of approximately $2.5 billion (approximately GBP1.7
billion). Headquartered in London, P&O Princess Cruises' ordinary
shares are quoted on the London Stock Exchange and as ADSs on the
New York Stock Exchange (under the symbol "POC").