CAUTION REGARDING FORWARD-LOOKING STATEMENTS

Certain of the statements, estimates or projections contained in this prospectus supplement, the accompanying prospectus, the information incorporated by reference herein or therein and any related free prospectus are “forward-looking statements” within the meaning of United States federal laws. on securities aimed at qualifying for the Safe Harbor of Responsibility established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained, or incorporated by reference, in this prospectus supplement, including, without limitation, those relating to our business strategy, position, results of operations, plans, outlook, actions taken or strategies contemplated with respect to our liquidity position, valuation and valuations of our assets and management objectives for future operations (including those relating to fleet additions pr evicted, our voluntary suspension, our ability to withstand the impacts of the new coronavirus (“COVID-19” pandemic), our expectations regarding the resumption of cruise travel and the timing of this resumption of cruise travel, the implementation and ” effectiveness of our health and safety protocols, operational position, travel demand, funding opportunities and extensions, and future cost mitigation and cash conservation efforts and efforts to reduce operating expenses and capital expenditures) are forward-looking statements. Many of these statements, but not all, can be found by searching for words like “expect”, “anticipate”, “goal”, “project“, “plan”, “believe”, “seek”, “will” , “” May “,” foresee “,” estimate “,” intend “,” future “and similar words. Forward-looking statements are not guarantees of future performance and may involve risks, uncertainties and other factors that could cause our actual results, performance or achievements to differ materially from future results, performance or achievements expressed or implied in such statements. prospective. Examples of these risks, uncertainties and other factors include, but are not limited to, the impact of:

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the spread of epidemics, pandemics and viral epidemics and in particular, the COVID-19 pandemic, including its effect on the ability or desire of people to travel (including on cruises), which are expected to continue to have a negative impact on our results, operations, outlook, plans, objectives, growth, reputation, cash flow, liquidity, travel demand and share price;

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our ability to comply with the United States Centers for Disease Control and Prevention (“CDC”) framework for the Conditional Shipping Order (the “Conditional Order”) and any additional or future regulatory restrictions on our operations and to further develop improved health and safety protocols to adapt to the unique challenges of the pandemic once operations resume and to otherwise resume operations safely when conditions permit;

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coordinating and cooperating with the CDC, federal government and global public health authorities to take precautions to protect the health, safety and security of guests, crew and communities visited and the implementation of these precautions;

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our ability to work with lenders and others or to seek options to defer, renegotiate or refinance our existing debt profile, short-term debt amortization, new construction payments and other obligations and to work with credit card processors to meet current or potential future demands for cash guarantees advanced by customers on future cruises;

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our future need for additional financing, which may not be available on favorable terms, if at all, and may have a dilutive effect on existing shareholders;

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our indebtedness and restrictions in the agreements governing our indebtedness that require us to maintain minimum levels of liquidity and otherwise limit our flexibility in the operation of our business, including the significant portion of the assets that are guaranteed under those agreements;

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the accuracy of any valuation of our assets due to the impact of COVID-19 or otherwise;

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our success in reducing operating and capital expenses and the impact of those reductions;

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the choice of our customers to receive cash refunds instead of future cruise credits or the continuation of any trend related to this choice;

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trends or changes in future bookings and our ability to accept future bookings and receive down payments thereon;

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unavailability of ports of call;

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