10:02     STAR CRUISES<00678> - Announcement                                  

    The Stock Exchange of Hong Kong Limited takes no responsibility for       
    the contents of this announcement, makes no representation as to its      
    accuracy or completeness and expressly disclaims any liability            
    whatsoever for any loss howsoever arising from or in reliance upon        
    the whole or any part of the contents of this announcement.               
                                                                              
                                                                              
    STAR CRUISES LIMITED                                                      
    (Continued into Bermuda with limited liability)                           
    (Stock Code: 678)                                                         
                                                                              
    INCREASES IN SHARE PRICE AND TRADING VOLUME                               
                                                                              
    This announcement is made in response to the increases in the             
    price and trading volume of the shares of the Company on 27 April         
    2005.                                                                     
                                                                              
    The Board is not aware of any reasons for such increases                  
    but would like to advise and update the shareholders and prospective      
    investors interim progress on certain potential projects of the           
    Company further to our announcements of 27 October 2004 and 28            
    February 2005 as set out below.                                           
                                                                              
    This announcement is made at the request of The Stock Exchange of         
    Hong Kong Limited (the `Stock Exchange'). The board of directors (the     
    `Board') of Star Cruises Limited (the `Company') has noted the            
    increases in the price and trading volume of the shares of the            
    Company on 27 April 2005 and wishes to state that the Board is not        
    aware of any reasons for such increases.                                  
                                                                              
    The Company would like to advise and update the shareholders and          
    prospective investors interim progress on certain potential projects      
    of the Company further to our announcements of 27 October 2004 and 28     
    February 2005, as follows:                                                
                                                                              
    1.                                                                        
    On 20 April 2005, the Singapore Tourism Board has informed the            
    Company and Genting International PLC (the `Consortium') in writing       
    that the Consortium has qualified to participate in the Request for       
    Proposal which will be launched in the second quarter of 2005             
    (`RFP'). Genting International PLC is an indirect subsidiary of           
    Genting Berhad, a substantial shareholder of the Company holding          
    approximately 36.33% of the Company's issued share capital                
    indirectly. It is contemplated that agreement between the Consortium      
    members will be reached prior to the submission of the RFP.               
                                                                              
    2.                                                                        
    In the usual and ordinary course of business of the Company, it has       
    been considering and negotiating a shipbuilding contract to meet its      
    business growth. If materialized, the contract may constitute a           
    notifiable transaction of the Company. No definitive agreement has        
    been made in connection therewith.                                        
                                                                              
    3.                                                                        
    As mentioned in our announcement of 27 October 2004, in the normal        
    course of identifying business opportunities, the Company also            
    engages in exploratory discussions with potential business partners       
    with respect to tourism related business from time to time. Such          
    discussions, other than those relating to the RFP, are also in            
    progress and may or may not materialize.                                  
                                                                              
    If any of the above projects materialize, further announcement will       
    be made by the Company as required in accordance with the Rules           
    Governing the Listing of Securities on the Stock Exchange (the            
    `Listing Rules').                                                         
                                                                              
    Save as disclosed above, there are no negotiations or agreements          
    relating to intended acquisitions or realizations which are               
    discloseable under Rule 13.23 of the Listing Rules, neither is the        
    Board aware of any matter discloseable under the general obligation       
    imposed by Rule 13.09 of the Listing Rules, which is or may be of a       
    price-sensitive nature.                                                   
                                                                              
    Meanwhile, shareholders of the Company and prospective investors          
    are advised to exercise caution in dealing in the securities of the       
    Company.                                                                  
                                                                              
    Made by the order of the Board of Star Cruises Limited, the               
    directors of which (save for Mr. David Colin Sinclair Veitch who          
    resides overseas and due to time difference, cannot be reached at the     
    moment) individually and jointly accept responsibility for the            
    accuracy of this announcement.                                            
                                                                              
    As at the date of this announcement, the board of directors of the        
    Company comprises four executive directors, namely Tan Sri Lim Kok        
    Thay, Mr. Chong Chee Tut, Mr. William Ng Ko Seng and Mr. David Colin      
    Sinclair Veitch and three independent non-executive directors, namely     
    Mr. Alan Howard Smith J.P., Mr. Tan Boon Seng and Mr. Lim Lay Leng.       
                                                                              
                                                                              
    By Order of the Board                                                     
    Louisa Tam Suet Lin Company                                               
    Secretary                                                                 
                                                                              
    Hong Kong, 27 April 2005