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, however, you should be aware there is always a risk with travel. As such, our actual onboard offerings and itineraries may vary from what is displayed in photos and descriptions used throughout this promotion. 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 cruise, or when there is a change in regulations and protocols with respect to COVID-19, over which we have no control. Subject to Centers for Disease Control and Prevention’s cruise ship travel advisory in effect at time of sailing. Visit princess.com/advisory for full details.

GENERAL OFFER TERMS (APPLICABLE TO ALL OFFERS IN THIS MAILER): All Offers included in this mailer are only available to the single invited Princess Players Club Member that this mailer is addressed to (“Invited Member”), who must be a legal resident of the 50 United States, D.C., Canada (excluding Quebec), and Puerto Rico. Call Princess Cruises at 1.661.284.4414, your Cruise Vacation Planner, or your Travel Advisor with any questions about any offer or for assistance reserving a wheelchair-accessible stateroom. Changes or refunds may not be permitted. Must be 18 years of age or older to play in the casino. 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. 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 to be eligible for these offers. If an address receives multiple offers, the guest booking the cruise will receive the offer intended for their Captain’s Circle Number only.

1 Free Stateroom (excluding deposit) offer applies to three new bookings made between 1/25/21 – 3/2/21 for all voyages up to 20 days. A non-refundable, non-commissionable deposit of $200 USD per guest is required at time of booking (deposit amount applies to first two guests in stateroom only). Approximate value of free interior stateroom ranges from $879 to $1,279 USD for voyages in this mailer. Princess Players Club Member and guest are responsible for all Taxes, Fees, and Port Expenses (TFPE) (approximately $105-$330 for all voyages in this mailer) as well as all other charges or expenses (including, without limitation, excursions, dining, airfare, etc.). For approximate value of other free staterooms, approximate value of TFPE, or for third/fourth-berth, please call Princess Cruises at 1.661.284.4414, Cruise Vacation Planner, or your travel advisor. This offer is only available to the invited Princess Players Club Member that this mailer is addressed to (“Invited Member”). Stateroom may be shared with one Invited Member guest. The Invited Member must board and sail on the entire booked cruise. If for any reason the Invited Member does not sail the booked cruise but his/her guest does sail, the guest will be charged the full cruise fare. Offer may not be combined with any other offer and is only valid on select voyages. Offer has limited space per voyage regardless of stateroom availability and there is no guarantee of availability at time of booking. If for any reason the Invited Member does not sail the booked cruise but his/her guest does sail, the guest will be charged the full cruise fare. Offer has limited space per voyage regardless of stateroom availability and there is no guarantee of availability at time of booking. If the stateroom type offered is sold out or otherwise unavailable, then the offer may be applied to the next available lower stateroom type or another select cruise from this offer. Once the Invited Member boards their booked cruise, the deposit will be returned to the guest as onboard credit on folio.

2 casino free play offer applies to one new booking made between 1/25/21 – 3/2/21 for select voyages up to 20 days. Casino Free Play will be issued as a casino (“Credit”) and is only for the Invited Member, not the Invited Member’s guest. Credit will be issued to the Player Bank Cruise Card or Medallion (for slot play). For Table Promo Chips, guest must redeem from the Casino cashier. Credit must be played/used before guest may cash out. Credit must be used on a single booked voyage only, is not transferable, and expires at the end of such voyage. Casino machines and table games vary by ship. Casino Free Play is quoted in U.S. dollars.

‡General Best Sale Ever ("BSE") Terms BSE is only available if all guests in a stateroom participate in BSE (as determined by booking method). BSE is available on all cruises while capacity lasts and may not be combined with other offers or other onboard credits. Each element/offer of BSE (and their vouchers, if any) is only available on board the ship (not applicable to land portion of cruisetours), may only be used on a single cruise, and expire at the end of such cruise. FREE STATEROOM UPGRADE IS NOT AVAILABLE ON CRUISES 66 DAYS OR LONGER. Option to select BSE will be displayed on stateroom selection webpage. Premier Beverage Package is only valid for guests who are 21 years or older. Guests who are under 21 years of age at the time of sailing can still book BSE, but will receive the Premier Coffee & Soda Package and will not receive any refund or otherwise for that portion of the Offer. A daily limit on alcoholic beverages will apply. Bar tips are included in the package and value per day stated. Wi-Fi included for one device per guest (up to 4 devices per stateroom). Wi-Fi details will be delivered to the stateroom. All internet usage subject to Princess Cruises’ standard policies, which may limit browsing of sites due to network security and bandwidth usage. Applications that use high bandwidth may be blocked and offerings subject to change with or without notice. Gratuities valid on select items only and are in U.S. dollar amounts. Gratuities paid on behalf of the guest vary based on stateroom type (up to 4 guests per stateroom). Bar gratuities are paid on behalf of the guest for qualifying beverages included in the Premier Beverage Package. BSE does not include gratuities for Lotus Spa services. Stateroom Location Upgrade is first-come, first-served basis. Only available on eligible room categories. 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. Specialty Dining is issued voucher and is valid for all guests in the stateroom. Voucher will be delivered to the stateroom upon embarkation. Princess Cruises reserves the right to pre-assign Specialty Dining times. Voucher is not redeemable for cash. Single stateroom guests will receive one specialty dining voucher. Guests must dine at the same table at the same reserved seating. Princess Cruises is not responsible if Specialty Dining is not offered on a cruise; in such situation the guest may be provided an Onboard Spending Money amount that will be added to the stateroom account.

Offer expires: March 2, 2021. Any advertised offer may be changed or revoked at any time.

Agency ID 00195244

Campaign code: PE1DM004BY

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