Exclusive Abercrombie & Kent World Events Programs Now Available Through The World Of ResidenSea

Contact Ginger Gilliam Komar/Cathleen Decker
Lou Hammond & Associates
212-891-0219/891-0213
gingerg@lhammond.com
www.louhammond.com
or Lisa M. Bailey
Manager, Communications
ResidenSea Ltd.
305-259-5151, ext. 24
lisa.bailey@residensea.net
www.residensea.com

MIAMI (January 31, 2002) -- Residents and vacationing guests aboard The World of ResidenSea, the first ever resort community at sea continuously circumnavigating the globe, will have the opportunity to participate in some of the world's most exciting events, through World Events programs created by international travel specialists Abercrombie & Kent.

The first three of these optional programs made possible by Abercrombie & Kent's "insider access" capabilities are The Cannes Film Festival, The Monaco Grand Prix and The British Open. The programs are available exclusively to The World's residents and guests.

"These are not spectator programs, but real opportunities to participate in the action as it unfolds," said Nils Rykken, vice president, product experience for ResidenSea Ltd. "Imagine the thrill of walking down the red carpet at Cannes or sipping champagne while enjoying a sweeping view of Monaco's Grand Prix from a luxurious private apartment. Now, residents and guests of The World will be among the very few afforded the chance to enjoy these tremendous experiences."

Abercrombie & Kent's World Events and their correlating voyages aboard The World are as follows:

* The Cannes Film Festival -- May 22-23, 2002

ResidenSea guests will be invited to a walk down the famous red carpet along with stars, producers and directors, and then it's off to the hospitality area to celebrate until the wee hours. Each evening of the two-day program includes a pre-screening dinner on the "Plage des Palmes," a specially built hospitality area on the beach next to the Palace, offered only to film industry guests; seats for a 10:30 p.m. film screening in the Festival's Palace auditorium, alongside international motion picture celebrities; and cocktails and dancing after the screening. The cost is $1,025 per person per evening.

The correlating 9-night voyage aboard The World (no. 5211) begins in Venice on May 15, sojourning in Taormina for two days before calling in Cannes May 22-24. Prices per person begin at $8,495.

* The Monaco Grand Prix -- May 25-26, 2002

This two-day program surrounding the Monaco Grand Prix includes lunch, afternoon tea and unlimited champagne in an elegant apartment overlooking the circuit, a behind-the-scenes tour of the famous Formula One race and an opportunity to visit "the pit." An optional day of racing real Formula One cars is also available, including professional instruction, transfers and hospitality. The cost for the two-day Grand Prix program is an additional $5,400 per person; the extra day of racing is $2,200 per person.

The correlating 14-night voyage aboard The World (no. 5212) sails from Cannes (after the Film Festival) to Valletta on May 24 through June 7 and calls in Monte Carlo in time to catch the Grand Prix, St. Tropez, Portofino, Portovenere, Livorno, Sorrento, Capri and Siracusa. Prices per person begin at $11,470.

* The British Open Golf Championship -- July 18-21, 2002

A four-day program in Muirfield, Scotland for Britain's grande dame golf event, The British Open, includes daily entrance and grandstand tickets; VIP hospitality package, including breakfast, lunch, afternoon tea and champagne; on-course pavilion with entertainment; three rounds of golf on regional courses; and a VIP golf outing to play at a top Scottish golf resort with a leading professional golfer. The cost is $5,800 per person. An additional package without the golf outing is priced at $4,850 per person.

The correlating 7-night voyage aboard The World (no. 5217) begins with a four-day call in Edinburgh for the British Open, July 18-21, then calling in Oslo for two days before arriving in Copenhagen on July 25. Prices per person begin at $7,795. Legendary PGA golf pro Billy Casper will join travelers on this voyage.

Abercrombie & Kent

Abercrombie & Kent was founded in 1962 as a luxury safari company and has since grown into an international travel group operating on all seven continents with 43 wholly owned offices. A&K is renowned for its attention to detail, personal service and quintessential adventure experiences.

Through a newly created partnership between A&K and ResidenSea Ltd., a dedicated onboard A&K tour manager will coordinate access to exclusive programs such as the World Event Programs. In each port, A&K representatives will be there to meet The World's residents and guests and escort them on tours and extended land programs.

About The World:

The World of ResidenSea is the first resort community at sea continuously circumnavigating the globe, comprised of 88 guest suites available for the high-end vacation market and 110 elegant, privately owned residences, many of which are available for rental. The World begins its pioneering odyssey in February 2002 on a worldwide itinerary, with extended port stays of two to five days designed to give residents and guests the time to experience all the sights, sounds and flavors of the world's most exciting locations. For more information about The World's guest accommodations or apartment rentals, contact your travel professional, or call ResidenSea at 800-970-6601 in the US or Canada or +1-305-779-3399 outside the US; for residential purchase options, please call +1-305-264-9090; or visit ResidenSea's website at www.residensea.com.

ResidenSea Ltd., in Freeport, The Bahamas, is the holding company of the Group. Its wholly owned subsidiaries, ResidenSea AS (Oslo) and ResidenSea USA, Inc. (New York), are both service companies involved in the sales and marketing of the vessel "The World." ResidenSea Ltd. will be the ship-owning company operating the vessel when put into operation by early 2002.

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