Although Premier Exhibitions believesthat the assumptions underlying the forward-looking statements contained hereinare reasonable any such assumptions could prove to be inaccurate

Although Premier Exhibitions believesthat the assumptions underlying the forward-looking statements contained hereinare reasonable, any such assumptions could prove to be inaccurate. Therefore,Adjusted EBITDA as presented herein may not be comparable to similarly titledmeasures of other companies.About Premier ExhibitionsPremier Exhibitions, Inc (Nasdaq:PRXI) develops and tours museum qualityexhibitions. Presently the Company operates and/or presents and promotes fourdifferent types of exhibitions: * “Titanic: The Artifact Exhibition,” “Titanic Aquatic” and “Titanic: Treasures from the Deep;” * “Bodies…The Exhibition,” and “Bodies Revealed” * “Dialog in the Dark;” and * “Star Trek, The Exhibition”.Additional information about Premier Exhibitions is available at Looking StatementsThis press release contains forward-looking statements within the meaning of thePrivate Securities Litigation Reform Act of 1995 that involve certain risks anduncertainties The actual results or outcomes of Premier Exhibitions, Inc maydiffer materially from those anticipated. Accordingly, Adjusted EBITDA should be considered inaddition to, and not as a substitute for, operating income (loss), net income(loss), and other measures of financial performance reported in accordance withGAAP Furthermore, this measure may vary among other companies. Adjusted EBITDA is not calculated or presented inaccordance with GAAP. A limitation on the use of Adjusted EBITDA as aperformance measure is that it does not reflect the periodic costs of certaincapitalized tangible and intangible assets used in generating revenue in theCompany’s business. The Company usesAdjusted EBITDA to evaluate the performance of its operating segments.

TheCompany believes that information about Adjusted EBITDA assists investors byallowing them to evaluate changes in the operating results of the Company’sportfolio of businesses separate from non-operational factors that affect netincome, thus providing insights into both operations and the other factors thataffect reported results. and 1 (719) 325-4838 internationally.Callers should reference confirmation code 3143737. A reconciliation of each such non-GAAPmeasure to its most directly comparable GAAP financial measure, together with anexplanation of why management believes each such non-GAAP financial measureprovides useful information to investors, is provided below.Adjusted EBITDA is a non-GAAP financial measure that the Company defines asearnings before certain unusual and/or non-cash charges, depreciation andamortization, loss (gain) on sale of operating assets, impairment of intangibleassets and goodwill, and non-cash compensation expense. We’re confidentthat the market will begin to recognize this value once we stop the cash bleedand return to profitability.”1Q10 Conference Call InformationCompany management will host its first quarter fiscal 2010 conference call onJuly, 07, 2009 at 9:00 a.m (EDT). Interested parties can access the call bydialing 1 (877) 874-1570 in the U.S. We believe that at some point, the market will give theCompany credit for the intrinsic value of the assets we control. Although the Company is not completelyout of the woods, we have a strong balance sheet and are approaching AdjustedEBITDA break even.

We’ve reduced our corporate workforce by approximately 18 percent andare in the process of evaluating numerous other cost-saving initiatives.”Mark Sellers, Chairman of Premier Exhibitions said, “Assuming conversion of the$12 million in recently-issued notes into equity, we would have $12.9 million incash and marketable securities, representing approximately 40 percent of ourmarket cap after conversion, and no debt. We’re renegotiating some of our fixed-payment contracts to reduceour fixed costs. We’ve hired a new marketing agency with extensive experience inthe exhibition industry at a reduced cost structure that focuses more onincentive rewards than guaranteed fees which we expect will achieve significantsavings. I’m happy toreport that the turnaround effort we’ve been engaged in for the past five monthsis beginning to bear fruit.