Prestige Cruise Holdings Appoints Kunal S. Kamlani Chief Financial Officer

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Prestige Cruise Holdings Appoints Kunal S. Kamlani Chief Financial Officer

Miami, July 31, 2009 – Prestige Cruise Holdings (PCH), the parent corporation of Oceania Cruises and Regent Seven Seas Cruises, announced the appointment of Kunal S. Kamlani as Chief Financial Officer. Kamlani joins PCH from Smith Barney where he recently served as Chief Operating Officer, responsible for the finance, risk management and technology strategy organizations. Kamlani possesses an extensive knowledge of the global capital markets and has a strong background in corporate development having served as the Vice President of Corporate Development for Starwood Hotels & Resorts Worldwide where he led the company through a robust global expansion.

"I am delighted to welcome Kunal to our team. With his extensive and diverse experience in the financial industries, he will be a tremendous asset as we undertake the physical and financial expansion of our brands," stated Frank Del Rio, Chairman and CEO of Prestige Cruise Holdings.

As Chief Financial Officer of PCH, Kunal will oversee all day-to-day financial activities related to Oceania Cruises and Regent Seven Seas Cruises along with corporate development and mid- and long-term financial strategies. Oceania Cruises is currently constructing two new 1,258 guest ships valued at more than $1 billion.

"This is a great step forward for our company. As our brands continue to grow and we increase our visibility and interaction with the capital markets and the financial community on Wall Street, Kunal's experience and leadership will be invaluable, added Del Rio.

Kamlani will assume his new role effective August 3rd.