19 December 2007

Dear Valued Partner,

Effective immediately, Trafalgar’s Uniworld Grand River Cruises has implemented a cruise fuel surcharge of $7.00 per person per cruise night for all 2008 Europe cruise programs and $10.00 per person per cruise night for Russia and Ukraine cruise programs. All existing and new bookings for these cruise programs will have the surcharge added to the booking. If a booking is currently paid in full, or is paid in full on or before December 31, 2007, the surcharge will be waived.

The cruise fuel surcharge has become necessary due to the significant increase in fuel prices since the pricing of our itineraries and the printing of our brochure. The implementation of the cruise fuel surcharge has been a difficult decision and we hope that all of our valued customers will understand the need for the surcharge in light of the current economic environment.

We sincerely appreciate your patronage and look forward to serving your river cruises needs. If you have any questions about this matter, please contact Trafalgar at 1-800-854-0103.

With kind regards,
THE TRAFALGAR TEAM