July 10th – 14th, 2012

BREITLING C a r i b b e a n

Miami

Market Visit 2012

Ms. Valerie Chauveau

MIAMI

Market Visit 2012

BREITLING C a r i b b e a n

Tuesday July 10th

5:30 p.m. Valerie Chauveau flight arrives. Pick up by Mauricio Diaz to transfer to hotel.7:30 p.m. DINNER – Valerie and Mauricio2:30 p.m. – 5:00 p.m. Gerry Kirkconnell, Kirk Freeport Meeting and visit stores

Wednesday July 11th

9:00 a.m. Visit Breitling After Sales Miami – Ernesto Rolo9:45 a.m. Visit of Bal Harbour Shops12:00 p.m – 3:00 p.m. Lunch and visit of Aventura Mall

Breitling Boutique, Omega, Louis Vitton, Mont Blanc, Tag Heuer, Tourneau, Ulysse Nardin

4:00 p.m. – 5:00 p.m. Starboard Meeting – Jada Capuano, Benito Mendez8:00 p.m. Dinner – Valerie, Mauricio and Laura

Thursday July 13th

7:45 a.m. Depart to airport for flight to Cayman

Friday July 13th

6:55 p.m. Arrive in Miami from Cayman

Saturday July 14th

9:00 a.m. Visit Oasis Cruise Ship

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Starboard Cruise Services, Inc. is the world's largest and leading onboard retailer, offering cruise ship guests world-class brands and exclusive merchandise with tax and duty-free savings. Formerly known as Greyhound Leisure Services, Starboard has been a duty-free retailer since 1958 and in January 2000 was acquired by the multi-national company LVMH Moet Hennessy Louis Vuitton, Inc., the world's leading luxury brand group.

At Starboard, they are focused on a specific customer — the cruising guest. Their guest seeks unique merchandise presented in an exciting shopping environment with unparallel service by our professional and experienced sale associates.

Their goal is to provide an unforgettable, exciting vacation and destination shopping experience onboard their cruise line partners: Carnival Cruise Lines, Royal Caribbean, Costa Cruise Lines, Holland America Line, Celebrity Cruises, Ibero Cruceros, Norwegian Lines.

RCL Oasis OTS Oasis Allure TOTAL

2010 1394386.33 194356 1588742.33

2011 1404009.75 1815490.23 3219499.98

10 / 11 %+- 0.00690154499721747 8.34105574306942 1.02644564773446

$250,000

$750,000

$1,250,000

$1,750,000

$2,250,000

$2,750,000

$3,250,000

Breitling Caribbean Starboard Retail Sales "sale out" Dollars Active Locations 2010 - 2011 YTD Jan - Dec

Starboard Jan - Dec Retail Sales Dollars Increased 102.64%

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RCL Oasis OTS Oasis Allure TOTAL

2010 314 41 355

2011 289 359 648

10 / 11 %+- -0.0796178343949045 7.75609756097561 0.825352112676056

75

225

375

525

675

Breitling Caribbean Starboard Retail Sales "sale out" Pc's Active Locations 2010 - 2011 YTD Jan - Dec

Starboard Jan - Dec Retail Sales Pc's Increased 82.54 %

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RCL Oasis OTS Oasis Allure TOTAL

2010 648660.33 0 648660.33

2011 633365.75 1062714.23 1696079.98

2012 884447.49 695011.49 1579458.98

10 / 11 %+- -0.023578719543401 1 1.61474288091581

11 / 12 %+- 0.396424561953343 -0.34600340300327 -0.0687591395306724

$125,000

$375,000

$625,000

$875,000

$1,125,000

$1,375,000

$1,625,000

$1,875,000

Breitling Caribbean Starboard Retail Sales "sale out" Dollars Active Locations 2010 - 2012 YTD Jan - June

Starboard YTD Retail Sales Dollars Decreased -6.88 %

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RCL Oasis OTS Oasis Allure TOTAL

2010 138 0 138

2011 123 210 333

2012 167 135 302

10 / 11 %+- -0.108695652173913 1 1.41304347826087

11 / 12 %+- 0.357723577235773 -0.357142857142858 -0.0930930930930933

75

225

375

Breitling Caribbean Starboard Retail Sales "sale out" Pc's Active Locations 2010 - 2012 YTD Jan - June

Starboard YTD Retail Sales Pieces Decreased -9.31 %

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