Costa Crociere has worked from the hours immediately after the Costa Concordia accident to ensure the least possible environmental impact and to safeguard the island of Giglio’s business activities and tourism. Right from the outset, the measures drawn up by the Company have constantly been shared with and approved by the competent Italian authorities, in a spirit of full, transparent and total cooperation.

After engaging leading international salvage experts Smit Salvage BV to remove the fuel contained in the Costa Concordia’s tanks, and presenting a plan to remove other materials and potential pollutants, which is ready to get under way as soon as weather conditions permit, Costa Cruises is also working with the utmost commitment and speed on the plan to remove the ship itself, fully aware that this is a priority to protect the environment on Giglio and the island’s tourism.

The Company has set up a technical committee, with representatives from Costa Cruises, Carnival Corporation & plc, Fincantieri, Rina and sector experts, including academics, who will work fo the best possible drawing up of the plan, on a joint basis with the competent authorities.

As anticipated in a letter sent to Costa Concordia Emergency Commissioner Franco Gabrielli, Costa Cruises has called for tenders 10 companies throughout the world to present a working plan to enterely remove the hull of the Costa Concordia.

The invitation has been sent to the world’s leading operators, who have the capabilities to perform the work in the shortest time possible, while ensuring maximum safety and the least possible environmental impact: 1) Smit Salvage BV, 2) Svitzer Salvage BV, 3) Mammoet Salvage BV, 4) Titan Salvage, 5) Resolve Marine Group Inc., 6) T&T Marine Salvage Inc., 7) Donjon Marine Inc., 8) Tito Neri S.r.l., 9) Fukada Salvage & Marine Works Co. Ltd., 10) The Nippon Salvage Co Ltd.

The plans must be presented to Costa Cruises by the beginning of March 2012, for joint assessment with the Civil Protection Scientific Committee, in order to allow the best one to be selected by the end of March 2012.

This timeline represents the best possible outcome in a situation of this kind, although it cannot be excluded that there will be delays given the complexity of the operation.