ALL GUESTS: We are monitoring changes in regulations and protocols in an effort to minimize the potential exposure of our guests to COVID-19 on board our cruises, and are continuously assessing how we enhance safety in light of COVID-19 and how it will impact our offerings. Because COVID-19 is a novel virus with no current vaccine, however, you should be aware there is always a risk with travel. As such, our actual onboard offerings and itinerary may vary from what is displayed in photos and descriptions used throughout this direct mail piece. We are not responsible for any change or difference in the availability of any amenities, offerings, itineraries, or otherwise when such arises out of our effort to adhere to changes as they arise on a voyage, or when there is a change in regulations and protocols with respect to COVID-19, over which we have no control.

GENERAL OFFER TERMS (APPLICABLE TO ALL OFFERS IN THIS MAILER): Only available to legal residents of the 50 United States, DC, Canada (excluding Quebec), and Puerto Rico. Call Princess Cruises at 1-800-PRINCESS, Cruise Vacation Planner, or your travel advisor with any questions about the offer. Changes or refunds may not be permitted. Offer applicable on select voyages. Other exclusions may apply. Offers (and their parts) are not transferable, not substitutable, and not redeemable for cash at any point. Visit princess.com for terms, conditions, and definitions that apply to all bookings. PCL is not responsible or liable for any printing errors. Any advertised offer may be changed or revoked at any time. A deposit is required for guests 1 and 2 only and is refundable. The amount of deposit varies according to the cruise length and stateroom type. Offer may not be combined with any other offer that is not mentioned in this mailer. Guests must be eligible for passage on Princess Cruise Lines, Ltd. Ships.

1 Up to 35% off offer applies to new bookings made between 10/26/2020 and 11/30/2020 for select voyages between 3/6/2021 and 12/15/2021. Discounted cruise fare applies to voyages up to 10 days for Alaska & up to 7 days for all other destinations listed in this mailer. 35% discount applies to interior staterooms for Caribbean, Mexico, and California Coast. Discounts for other stateroom categories on the foregoing voyages are as follows: 30% off Oceanview staterooms, 25% off Balcony staterooms, 20% off Mini-Suites, and 15% off Suites. For Alaska, Europe and Canada & New England: up to 25% off Interior staterooms, 20% off Oceanview staterooms, 15% off Balcony staterooms, 10% off Mini-Suites, and 5% off Suites. Savings apply to cruise fare only, and are based on destination and stateroom category on a space-available basis at time of booking. Offer has limited number of available discounted rooms, regardless of cabin availability. Discounts and offer may change without notice. Savings discount applies to first two guests in a stateroom only. This offer is only available to the invited Princess Players Club Member that this mailer is addressed to (“Invited Member”) who is 18+ and the Invited Member’s one guest. Invited Member must be first passenger booked in the stateroom to qualify for the offer. Offer is only available to select, eligible Casino Guests. Offer is not combinable with select offers including, but not limited to, complimentary beverage packages, air discounts, Interline, Travel Agent or Friends and Family rates.

2 Casino FREE PLAY apply to one new booking and will be issued only for the Invited Member, not the Invited Member’s guest, for the amount indicated, and will be issued by the Casino Cashier either on/as either a Player Bank Cruise Card (for slot play) or Table Promo Chips (for table games), as selected by Invited Member. All FREE PLAY credit must be played/used before guest may cash out. FREE PLAY may be used on a single voyage only, is not transferable and expires at the end of that voyage. Casino machines and table games vary by ship. Casino FREE PLAY is quoted in U.S. Dollars. Up to 35% off terms and conditions also apply.

7 Fares are per guest and apply to minimum lead-in categories on a space-available basis at time of booking. Fares are non-air, cruise- or cruisetour-only, based on double occupancy and apply to the first two guests in a stateroom. Fares and other values quoted in U.S. dollars. CANADIAN RESIDENTS: Fares are shown in U.S. Dollars, and are also available in Canadian dollars. Ask your travel advisor or call Princess for details.

8 Free Stateroom Location Upgrade is first-come, first-served basis. Only available on eligible room categories, while capacity lasts. Offer is based on availability in like to like stateroom types (Interior to Interior, Oceanview to Oceanview, Balcony to Balcony, Mini-Suite to Mini-Suite). Upgrades are subject to capacity, which varies based on cruise booked. In order to take advantage of the upgrade, you must select the upgraded room type and book the upgraded room. Guests that book a lower room type in a stateroom category may not be upgraded, even if there is availability for the upgrade. The difference between the upgraded fare and the lowest fare within your selected room type will automatically be deducted from your total fare price. Guests will only see (and pay for) the lowest fare within the selected room type and will not see any discounted amount at checkout. If you are unable to book an eligible upgraded room type, the upgrade is not available on such room for that category and cruise. Upgrade excludes land portion of cruisetours and select categories, including but not limited to premium categories and suites. Offer expires: 11/23/20

9 Up to $200 Onboard Spending Money per stateroom ($50 per guest) is applicable to all 4 guests in a stateroom. Onboard spending money is awarded as an onboard credit. Guests with single occupancy will receive $100 credit. Onboard credit must be used on the single voyage that it was awarded in connection with, is not redeemable for cash, cannot be used in the casino, expires at the end of that voyage and is not applicable during the land portion of cruisetours. Onboard Credit is awarded in the currency corresponding to the ship’s onboard currency. Onboard spending credit will be applied to guest’s folio. Offer expires: 11/23/20.

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