Royal Olympic Cruises Ltd News

Royal Olympic Cruises Ltd’s scheduled cruises on the Olympia Voyager and the Olympia Explorer, have all been cancelled during the month of January, 2004. Also, Royal Olympia has advised that it has begun to refund fares on canceled cruises. Checks are being sent to cash paying passengers and credits have begun being issued to those who paid by credit cards. These refunds are being processed in the order that cruises were scheduled to commence. Royal Olympia has indicated to the Commission that no actions on the part of the passengers are necessary during this process.