SHIP TO BECOME FLOATING HOTEL

PANAMA CITY, Panama, April 8, 2008 – Cruise ship Queen Elizabeth 2 completed its final Panama Canal transit Saturday morning.

The ship, which originated in Acapulco, Mexico, traveled through the Miraflores and Pedro Miguel Locks on its way to the Atlantic Ocean.

Nine hundred sixty-three feet long and 105 feet wide, the Queen Elizabeth 2 will be given to Dubai in November 2008, when it will cease services as a passenger cruise ship and commence its operation as a floating hotel in 2009.

About the Panama Canal Authority (ACP)
The ACP is the autonomous agency of the Government of Panama in charge of managing, operating and maintaining the Panama Canal. The operation of the ACP is based on its organic law and the regulations approved by its Board of Directors. For more information, please refer to the ACP’s Web site: http://www.pancanal.com/. For Panama Canal video, please visit www.thenewsmarket.com/panamacanal.