Costa Cruises’ Costa Fascinosa to Be Delivered May 5 at Venice, Italy

HOLLYWOOD, Fla. (April 24, 2012) — Costa Fascinosa, Costa Cruises’ new flagship,
will be officially delivered to the cruise line at the Venice Passenger Terminal May 5.
The 114,500-ton, 3,800-guest cruise ship was built at Fincantieri’s Marghera yard.
Costa Fascinosa has successfully completed sea trials, passing a series of running
tests on its systems, machinery and engines, and will be officially handed over to Costa
Cruises by Fincantieri a day before the scheduled preview cruise.

On May 6 Costa Fascinosa is scheduled to depart Venice bound for Slovenia; Trieste,
Italy, and Croatia on a cruise hosting the 19th edition of “Champions of the Sea,” an
annual event honoring Costa Cruises’ travel agent partners.
Costa Fascinosa then departs Venice May 11 on a 10-day inaugural cruise calling at
Greece, Israel and Turkey. For the rest of the 2012 summer season through November,
Costa Fascinosa will operate seven-day cruises from Venice and Bari, Italy, to Greece
and Croatia.

Costa Cruises’ total investment in Costa Fascinosa was 510 million euros (US$671.2
million). Construction of the ship at Fincantieri’s Marghera shipyard involved the labor of
approximately 3,000 yard workers plus another 7,000 people employed by about 500
contracted suppliers, most of them Italian firms.

Since 1990 Costa Cruises has invested 5.8 billion euros (US$7.6 billion) in work at the
Fincantieri, T. Mariotti and San Giorgio del Porto shipyards, with a total of 14 ships built
or on order, in addition to the refurbishment of ships already in service.
Delivery of Costa Fascinosa takes places just two months after delivery of Costa
neoRomantica, the result of the 90 million euro (US$118.4 million) major refurbishment
of Costa Romantica at the San Giorgio del Porto shipyard in Genoa.

Costa Cruises’ fleet expansion program continues at Fincantieri’s Marghera yard with
construction of a 132,500-ton vessel that will accommodate up to 4,928 guests, making
it the largest Italian cruise ship. The as-yet unnamed ship is scheduled for delivery in
October 2014.