Louis PLC

Regulatory Filings • Jul 1, 2020

ANNOUNCEMENT

CELESTYAL CRUISES EXTENDS SUSPENSION OF CRUISE OPERATIONS UNTIL 2021

Nicosia, 2 July 2020

Louis plc announces that its subsidiary company Celestyal Cruises Ltd has suspended its sailings for the remainder of 2020. This decision has been the result of the prevailing uncertainty regarding traveling restrictions currently imposed in the company's largest international source markets of North and South America, Asia, Japan and Australia.

The 2021 cruising season is scheduled to commence on March 6^th, 2021. Celestyal was one of the first cruise lines worldwide to take an immediate decision to temporarily suspend cruise operations out of the abundance of caution for its guests and crew in mid-March. This decisive action resulted in no COVID-19 cases on the company's ships and it was able to repatriate guests and crew safely home before international air travel and borders globally shut down.

Celestyal Cruises Ltd will now focus its attention to developing its 2021 season as well as the enhancement of its already high standard of hygiene and safety on board its vessels.