Costa Cruises Orders New Ship from Fincantieri

GENOA (Aug. 3, 2011) — Costa Crociere S.p.A. has placed a new order with Fincantieri
S.p.A. for the construction of a new cruise ship.

The new ship, with a gross tonnage of 132,500, 3,700 lower berths, 4,928 total guest
capacity and 1,854 cabins, will be the largest Italian cruise ship and the 10th ship ordered
from Fincantieri by Costa Cruises in the past decade. The new flagship in the Costa fleet
will be built at Fincantieri shipyards in Marghera (Venice), for a cost of approximately
€150,000 per lower berth.

Delivery is planned for October 2014. The new ship will be an innovative evolution of the
Concordia-class project, developed by integrating and improving the main features of the
latest successful Costa ships. The order is subject to financing.
At the same time, Costa Crociere S.p.A. also announced the sale of Costa Marina, which
has been in service for more than 20 years and as of November 2011 will no longer be
part of the fleet.

“This new order, the 10th in 10 years, not only consolidates the link between our company
and Fincantieri, but also demonstrates the leadership achieved by Costa Cruises in
Europe and its ability to drive the cruise business and tourism in general, generating
wealth for the country’s economy,” said Pier Luigi Foschi, chairman and CEO of Costa
Crociere S.p.A. “This innovative project will once again be a symbol of Italy’s quintessential
ability to create excellent products, in terms of design, technology and innovation, aimed at
strengthening the best image of Made in Italy products around the world. While this new
order will not lead to a significant increase in Costa Cruises’ capacity, it is part of a plan
that will make the fleet more efficient.”

Since 2000 Costa Cruises has ordered 10 new ships from Fincantieri shipyards, for a total
investment of more than €5 billion.