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Royal Olympic Announces Delivery of Olympia Explorer

Maritime Activity Reports, Inc.

November 28, 2001

Royal Olympic Cruise Lines Inc. announced that the Olympia Explorer, sister ship to Royal Olympic's Olympia Voyager, is expected to reach the port of Piraeus early 2002, which will enable it to perform new itineraries from Venice to Piraeus, Istanbul and the Greek Islands next summer, with Piraeus as an alternative port of embarkation.

Royal Olympic Cruises delegates and representatives from Blohm+Voss Shipyard in Hamburg had a meeting in Piraeus regarding the delivery of the Olympia Explorer, which was due for delivery in April 2001.

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