Company Royal Olympic Cruise Lines, Inc.

Royal Olympic Cruise Lines Inc. (ROCL) owns, operates and manages a fleet of cruise ships, some of which are chartered, from time to time, from affiliated entities, serving the eastern and western Mediterranean, South and Central America, the Caribbean, South Africa and the Far East. It also provides services-under-management agreements for other cruise vessels for which a management fee is charged. In 2002, the Company offered approximately 203 departures in the summer and approximately 12 departures in the winter. In total, ROCL offers more than 68 different cruise itineraries, ranging from three to 21 days, calling at over 75 destinations on five continents.