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October 4, 2002 No.0922

Status Report
The "Diamond Princess" Fire Incident
Tokyo, October 4, 2002 - Mitsubishi Heavy Industries, Ltd. (MHI) have compiled the following status report regarding the "Diamond Princess" fire incident that occurred on October 1, 2002. This status report is the maximum extent of our current knowledge of the incident.
MHI is now fully committed to restoration efforts, and is working closely with the authorities to pursue the cause of the fire.

Details
1. Backgrounder of the Cruiser Vessels
February 25, 2000 - Contract signed between MHI and P&O Princess Cruises Plc. (The Peninsular and Oriental Steam Navigation Company) for the construction of 2 cruisers vessels.
Respective contractual delivery dates of the first cruiser - Diamond Princess, and the second cruiser - Sapphire Princess are July, 2003 and May, 2004.
Specifications:
Gross tonnage: 113,000GT
Length overall: 290m
Breadth: 37.5m
Air Draft about 54m
Speed about 23knots
Propulsion system Electric propulsion system
(turbine, diesel)

2. Chronology of events
Oct. 1 around 17:15 During outfitting operations at the Mukoujima pier of the Nagasaki Shipyard, it is presumed that fire started on the fifth deck.
Oct. 3 5:45 Declaration of fire extinction
Oct. 4 onwards The police, fire, and safety agency authorities conduct their site investigations.

3. Present status
From today, Oct. 4, the police, fire, and the Japan Coast Guard started their respective investigations into the cause of the fire. Under the circumstances it is uncertain and difficult to assess damages and make restoration plans.
MHI, after conducting and assessing the damages, will immediately commence restoration and continue construction of the vessel.
The cruiser is fully covered by Builders Risk Insurance for repair works.
This incident will not affect the delivery or construction of other vessels being constructed by MHI.
MHI is not in a position to disclose any contractual information without the consent of the customer. Further information may be disclosed under above condition if necessary.
In addition, MHI has established an extraordinary division to respond efficiently and effectively to the incident.


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