P R I N C E S S C R U I S E S C O M M U N I T Y F O U N D AT I O N 2013 Annual Report

A Message from the Foundation President . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1

Our Mission . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

Seeking a Cure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Disaster Relief . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

Community Health and Welfare . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

Supporting Seafarers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

Helping Children . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

Tourism Cares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

Financial Highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

Board of Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Community Partners . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Contact Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

TA B L E O F C O N T E N T S

A M E S S A G E F R O M T H E F O U N D AT I O N P R E S I D E N T

The Princess Cruises Community Foundation is building a history . As it reaches its 5-year milestone, we can reflect positively on the donations of $2 million to date providing much needed assistance to organizations throughout the world .

There is more work to do . The devastating Typhoon Haiyan which struck the Philippines in November 2013 brought to light the personal side of natural disasters and the importance of serving the communities that touch us . Many of Princess Cruises’ crew members hail from the region and dealt with the stress of being away from home while suffering uncertainty over the well-being of their loved ones . We at the Princess Cruises Community Foundation realize that for every cause, there is a personal side and our energetic volunteers serve the communities in which we work and travel in so many ways .

As Princess Cruises continued to grow its home port cruising from Japan, the Foundation’s onboard walks in that market raised money in support of Katariba, an organization supporting education opportunities for youth affected by the Great East Japan Earthquake .

In 2013, we continued providing breast cancer research grants to Susan G . Komen for the Cure, in the hopes of working toward a cure for this disease that touches so many individuals and families . Our “On Deck for the Cure” walks on board the Princess Cruises ships raise not only money for this cause, but awareness among our generous passengers of the importance of early detection and treatment .

The Princess Cruises Community Foundation and the grants it provides to better communities are expressions of the responsibility we have to support the people and places that Princess Cruises touches through our global cruising and international passengers and crew .

I want to extend our sincere thanks to our passengers, employee volunteers and other supporters who give their money, time and effort to help people and communities in need . We look forward to making a difference in the years to come .

Sincerely,

2013 Annual Report 1

Jan SwartzPresidentPrincess Cruises Community Foundation

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O U R M I S S I O N

The Princess Cruises Community Foundation, a nonprofit public benefit corporation, is committed to supporting charitable causes around the world, and provides grants to organizations dedicated to children, education, the environment, and community health and welfare in ports visited by Princess ships, in regions where Princess seafarers reside, and in locales from which Princess operates .

In 2013, the Foundation distributed grants of over $238,000 benefiting individuals and organizations in communities across the United States and throughout the world, including California, Hawaii, Alaska, Canada and the Philippines .

These grants have aided in natural disaster relief, have been used to promote awareness, research and treatment of life-threatening diseases, and have provided for the needs of under-served children and families .

Responding to NeedThe Princess Cruises Community Foundation’s ability to provide grants is a direct result of our generous passengers’ crew’s and employees’ desire to help others . Money is raised through a variety of activities .

• Donation Globes . “World of Change” donation globes are located at the Passenger Services Desk on each of the Princess ships serving as a reminder of the small world we share . All the money in various currencies deposited in these globes by passengers goes directly to the Foundation .

• Nautical Chart Auctions . Each voyage of a Princess ship is commemorated with a hand-drawn nautical chart detailing the route of the voyage and is signed by the ship’s Captain . Passengers have the opportunity to take home a lasting memory of their vacation while supporting the Foundation through an auction of the chart sold to the highest bidder with all the proceeds from the winning bid going directly to the Foundation .

• Shipboard and Shoreside Employee Contributions . Princess takes great pride in the generosity of the company’s employees who donate their time, talents and resources to help those in need . Employees on board Princess ships volunteer their time and coordinate collections, while employees ashore join forces with their families and friends to form Foundation teams that participate in various fundraising walks and service projects .

• Donations to the Foundation . Contributions to the Foundation are received from Princess Cruises and its vendors, passengers and community supporters to aid the ability of the Princess Cruises Community Foundation to provide grants to many worthy causes .

The Princess Cruises Community Foundation is dedicated to a healthy world, and works toward this goal by supporting organizations that fight some of the most devastating illnesses plaguing our communities . The Foundation supports organizations dedicated to fighting a number of diseases, including cancer, AIDS, and heart disease, with the goal of supporting patients and families undergoing treatment, improving diagnostics and therapies, and, ultimately, finding cures .

Susan G. Komen for the CureSusan G . Komen for the Cure continued in 2013 to be a key beneficiary of the Foundation’s fundraising efforts . On Deck for the Cure walks on board the ships inviting passengers to donate $15, don a special hat and walk a 5K course around the decks, continued in its 5th year to fund the Foundation’s grants earmarked for research to fight breast cancer . The response from passengers was nothing short of amazing . Over 11,000 vacationers spent a portion of their holiday time on board walking in support of breast cancer research .

Shoreside events were held with the Foundation sponsoring a donation for each Princess Cruises employee volunteer participating in a walk .

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S E E K I N G A C U R E

The Foundation responded to the devastation of Typhoon Haiyan in the Philippines through a grant to the Los Angeles region of the American Red Cross for disaster relief .

To commemorate the first Sun Princess® season of Japan home port cruising, walks were organized on that ship during the Japan cruising season to raise funds for Katariba, an organization providing learning opportunities for youth affected by the Great East Japan Earthquake .

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D I S A S T E R R E L I E F

C O M M U N I T Y H E A LT H A N D W E L F A R E

The Foundation continued its efforts to support the communities in which our employees live and work . The organizations receiving grants and in-kind donations spanned Alaska, Seattle, Hawaii and California in the west and Ft . Lauderdale, the home port for Caribbean cruising .

In the local community of Santa Clarita, home to Princess Cruises’ corporate headquarters, the Foundation continued support of Single Mothers Outreach, an organization providing training and services to single parents struggling

to provide for their children . During the Holidays, the Foundation funded teams of employees who volunteered to shop for and wrap presents for families through the Adopt a Family program . The families provided their “wish lists” to make the holidays a joyous event for the children and moms alike .

Other local beneficiaries included the Santa Clarita Valley Committee on Aging, which provides counseling, information, legal assistance, and telephone reassurance phone calls to home-bound seniors .

Grants benefiting George Miller Youth Fund and William S . Hart Education Foundation reached the core constituency of the Foundation in providing services to children in the local community .

Seattle is another community where Princess Cruises’ employees live and work . The Foundation continued its support of The Boys and Girls Club of King County, Washington, an organization dedicated to inspiring and enabling all young people, especially those who need the Club most, to realize their full potential as productive, responsible and caring citizens .

Alaska communities were represented as well with Foundation grants to Bean’s Café Needy Bowl Project to feed and shelter the needy in Anchorage, the Monroe Foundation, Special Olympics Alaska, which provides inspiring sports training to athletes that participate statewide, and the Eva Foundation which provides services to survivors of abuse .

Boys and Girls Club of King County, WashingtonThe Foundation provided funds for a kids breakfast and enrichment programs for this organization dedicated to helping children reach their potential as productive, responsible, and caring citizens .

The Princess Cruises Community Foundation is strongly rooted in the goal of improving health, education and prosperity for children throughout the world . In addition to the contributions to our local community organizations that help children, the Foundation continues to provide grants to Plan International USA, a global organization that works to end the cycle of poverty . The Foundation sponsors 23 children in 16 countries through funding activities to improve healthcare and education opportunities . The children reside in Egypt, Peru, Vietnam, the Dominican Republic, Cameroon, Niger, China, El Salvador, Ecuador, Pakistan, Togo, India, Senegal, Haiti, Brazil and Burkina Faso .

Covenant House, FloridaFlorida’s Covenant House provides assistance to runaway, homeless, and at-risk youth in the Ft . Lauderdale area . The Foundation provided a holiday luncheon and gift cards for a group of teens served by the organization so they could enjoy some holiday cheer .

W O R L D W I D ETourism CaresThe Foundation provided funds to support the scholarship programs of Tourism Cares, an organization dedicated to preserving the travel experience for future generations by preserving natural, cultural, and historic sites around the world . Tourism Cares also educates the traveling public on how to become more responsible travelers, and brings the tourism community together to volunteer and help clean up and restore important historic sites that are in need of care and rejuvenation . The scholarship supports education for students who plan to enter the travel industry .

The Foundation continued its longstanding support of the work done by Seafarer’s House, Port Everglades, Florida . The Mission to Seafarers offers a place of support in over 260 ports throughout the world offering interfaith services, internet access, transportation and other necessities to improve the lives of crew far from home . The Foundation provided monetary support for the International Day of Seafarers raising money for the programs of Seafarer’s House and a sponsorship of the annual Golden Compass Award Ceremony Fundraiser .

The Seattle Mission to Seafarers which provides crew centers and spiritual support and care to crew of all types of ships and The Bermuda Sailors Home which provides centers of rest and recreation for seafarers, also received Foundation grants .

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S U P P O R T I N G S E A F A R E R S

H E L P I N G C H I L D R E N

Princess Cruises Community FoundationStatement of Activities 12 Months Ended November 30, 2013

Unrestricted Restricted PCL Total

Change in Net Assets:

RevenuesContributions

Nautical chart auctions 143,291 — 143,291Charity globe proceeds 12,178 — 12,178Religious Services 12,178 — 15,715Princess Cruises Donation 0 — 0Other donations 6,353 — 6,353In-Kind donations 0 — 17,023 17,023Special collections 0 41,190 41,190On Deck for the Cure 0 170,791 148,383

Total Revenues 177,537 189,528 17,023 384,088

ExpensesGrants

Enviromental Charities 1,250 — 5,043 6,293Children’s Charities 19,835 — 4,925 24,760Community Health/Human Services 32,288 — 7,055 39,343Disaster Relief 50,000 — 50,000Matching 0 — 0Komen 163,151

Sub-total Grants 103,373 163,151 17,023 238,547

Program and Administrative expensesProgram supplies (739) (739)Professional services 3,000 3,000Printing 457 457Fees and taxes 122 122

Total Expenses 106,213 163,151 17,023 286,387

Change In Net Assets 71,324 26,377 0 97,701

Net Assets — Beginning of year — 12/02/2012 349,895

Net Assets — End of period — 11/30/2013 447,596

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F I N A N C I A L H I G H L I G H T S

2013 Annual Report 7

Executives at Princess Cruises contribute their time to support the work of the Foundation and its mission to assist organizations devoted to children, education, the environment and community health and welfare .

OfficersJan Swartz Mona Ehrenreich Tim Howie Kimberly CalderonPresident Vice President Chief Financial Officer Secretary

DirectorsJulie Benson Rai Caluori Karen Reich Elana SiegelDirector Director Director Director

Special thanks to the following volunteers:Dean Brown, Bruce Bustamante, Donna Silvera Barrett, Mary Calivo, Karen Candy, Cynthia Casey, Dave DeMerlier, Susanne Ferrull, Dan Guinnip, Sally Harrigan, Maureen Lanphere, Steve Nielsen, Misty Moskowitz, Anita Nelson, Jacqueline Perrin, Paul deRuggiero, Michele Rabe, Gus Raya, Lisa Reitzel, Fern Santos, Brenda Thomas, Shelly Wise, Linda Weller, Howard VanZandt

Special thanks to Alan Buckelew, the Founding President of Princess Cruises Community Foundation, for 5 years of leadership .

Community PartnersThe Princess Cruises Community Foundation has been proud to support many charitable organizations including:

AIDS Project Los Angeles, CAAlaska School Activities Association Alaska Raptor Center American Cancer Society, FL and AKAmerican Diabetes Association, CAAmerican Heart Association, WAAmerican Red Cross Arthritis Foundation, CA and WAAsociacion Hogar Cristiano de Puntarenas, Costa RicaBoys and Girls Club of King County, WABreak the Cycle, CACarousel Ranch, CACedars-Sinai Medical Center, CAChild & Family Center Foundation, CAConsulate General of Japan, Los Angeles

Cooper Landing Emergency Services, AKCovenant House, FLDenali Education Center, AKThe Gentle Barn, CAHabitat for Humanity, Philippines HandsOn Santa Clarita, CAHelp the Children, CAHomer Foundation, Philippines International Bird RescueInternational Medical Corps Leukemia & Lymphoma Society, CA and WALos Angeles World Affair CouncilMake-A-Wish Foundation, New ZealandMichael Hoefflin Foundation, CA Mission to Seafarers, WAMission to Seafarers, British ColumbiaMUSES of the California Science Center

New Zealand Government’s Christchurch Earthquake Appeal Fund Plan International/ChildreachRainbow Connection, Anchorage, AK Samuel Dixon Health Centers, CASanta Clarita Sheriff Department, CASanta Clarita Valley Food Pantry, CASanta Clarita Valley Senior Center, CA Sea Research FoundationSeafarer’s House — Port Everglades, FLSingle Mothers Outreach, CASkills Development Centre for the Blind, ThailandSusan G . Komen for the Cure Tourism CaresWestern Justice Center Foundation

B O A R D O F D I R E C T O R S

Contact InformationPrincess Cruises Community Foundation 24844 Avenue Rockefeller Santa Clarita, California 91355

Phone: 661-753-1537 Email: communityfoundation@princesscruises .com

For more information, or to make a donation, please visit www .princess .com/princess_community_foundation

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24844 Avenue Rockefeller Santa Clarita, California 91355 (661) 753-1537©2014, Princess Cruises Community Foundation . All Rights Reserved .