Norwegian Cruise Line Holdings Announces Board Refreshment and Cooperation Agreement with Elliott

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entered into a Cooperation Agreement with Elliott Investment Management L.P., leading to significant changes in its Board of Directors. Effective March 31, 2026, five new independent directors were appointed to the Board, including Alex Cruz, Kevin A. Lansberry, Steve Pagliuca, Brian P. MacDonald, and Jonathan Z. Cohen. Simultaneously, four existing directors resigned. The Cooperation Agreement includes provisions for board composition, voting commitments, and standstill restrictions. The new board members bring extensive experience in finance, operations, and global business management. The agreement aims to drive improved performance and create long-term value for NCLH shareholders.

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About Norwegian Cruise Line Holdings Ltd.

Norwegian Cruise Line Holdings Ltd. is a prominent player in the travel and leisure industry, primarily focused on delivering unique and memorable cruise experiences. The company operates under three brands: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises, offering a diverse range of itineraries across the globe. Its cruises cater to various customer preferences, from budget-friendly expeditions to luxurious, all-inclusive experiences. Norwegian's state-of-the-art fleet is renowned for its comfortable accommodations, innovative onboard entertainment, and diverse dining options. By continually enhancing vacation experiences, the company plays a significant role in the global tourism sector. As a publicly traded entity, Norwegian Cruise Line Holdings Ltd. reflects trends in consumer preferences and economic conditions, influencing and responding to changes in the broader leisure travel market. Its operations are intricately linked to macroeconomic factors like discretionary consumer spending and fuel prices, positioning it as a bellwether for travel industry health.