Material Event (Form 8-K)

On May 29, 2026, NCL Corporation Ltd. ("NCLC"), a subsidiary of Norwegian Cruise Line Holdings Ltd. ("NCLH"), elected to irrevocably fix the Settlement Method to Cash Settlement for all exchanges of its (i) 1.125% Exchangeable Senior Notes due 2027 (the "1.125% Notes"), issued pursuant to an indenture, dated as of November 19, 2021, by and among NCLC, as issuer, NCLH, as guarantor, and U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as trustee (the "1.125% Notes Indenture"), and (ii) 2.50% Exchangeable Senior Notes due 2027 (the "2.50% Notes" and, together with the 1.125% Notes, the "Notes"), issued pursuant to an indenture, dated as of February 15, 2022, by and among NCLC, as issuer, NCLH, as guarantor, and U.S. Bank Trust Company, National Association, as trustee (the "2.50% Notes Indenture" and, together with the 1.125% Notes Indenture, each, an "Indenture"), by delivering notice of such election to the Holders and the Trustee, in each case pursuant to the terms of the applicable Indenture. As a result, all exchanges of Notes with an Exchange Date on and after May 29, 2026 will be settled by payment in cash using Cash Settlement in accordance with the applicable Indenture. The elections are expected to reduce the diluted weighted-average shares outstanding guidance issued on May 4, 2026 by approximately 2 million shares for the quarter ending June 30, 2026 and approximately 4 million shares for the year ending December 31, 2026.

Capitalized terms used but not otherwise defined herein have the meanings given to them in the applicable Indenture.