News from 1998

Letter to Shareholders from Michael D. Eisner, -2-

Phase Three of our company's history has really just begun, and our

reach is already truly amazing. Consider the week of November 2-8 in the


What's New in Cruising in 1998? A Flotilla of New Ships and Itineraries

NEW YORK, Jan. 6 -- The cruise industry is poised to launch a
flotilla of new ships, itineraries and port calls in 1998.


Carnival Cruise Ship to Host First-Ever Live Digital Radio Broadcast ViaMTN/C-Band Technology

MIAMI, Jan. 6 -- In early January 1998, Carnival Cruise Lines'
Inspiration will host Capital Radio UK for a one-week cruise. While cruising,


Family Travel Network Announces Winners of 'Best of '97' Poll

GREAT FALLS, Va., Jan. 7 -- The Family Travel Network, the
nation's most popular online family travel site, announced the winners of its
"Best of '97" member poll.


Royal Caribbean Becomes First Cruise Line To Earn The InternationalStandard Organization's (ISO) Award For Quality Management

MIAMI, Jan. 12 -- Following an extensive audit by the Norwegian
classification organization, Det Norske Veritas (DNV), Royal Caribbean


Former US Environmental Protection Agency Administrator To Oversee RoyalCaribbean's Environmental Activities

MIAMI, Jan. 14 -- William K. Reilly, former Administrator of
the US Environmental Protection Agency (EPA), has agreed to work with Royal


Carnival Corporation Appoints Howard Frank To Newly Created Position OfChief Operating Officer And Gerald Cahill To Senior Vice

MIAMI, Jan. 14 -- Howard Frank has been appointed to the new
position of vice chairman and chief operating officer and Gerald Cahill has


Carnival Corporation Declares First Quarter Dividend

MIAMI, Jan. 15 -- Carnival Corporation (NYSE: CCL) announced
today that its Board of Directors declared a regular quarterly dividend of 15


Still Time to Save Up to $2,900 (CDN $3,920) Per Couple on a HollandAmerica Line Seven-Day Vacation Cruise to Alaska

SEATTLE, Jan. 15 -- There's still time to plan a 1998 dream
cruise vacation to the Great Land of tall evergreens, soaring mountains,


Royal Caribbean International and Celebrity Cruises Announce 'Cruise ForLife' Consumer Sweepstakes

MIAMI, Jan. 16 -- Royal Caribbean International and Celebrity
Cruises, which recently merged to form one of the largest vacation companies


Royal Caribbean International & Celebrity Cruises Kick Off AdvertisingCampaigns During Super Bowl XXXII

MIAMI, Jan. 16 -- Royal Caribbean International's and Celebrity
Cruises' $5 million title sponsorship of the Super Bowl XXXII halftime show on


NCL Launches Free Airfare From Major Texas Gateways For Winter'Texaribbean' Cruises From Houston

Special $99 Round-trip Airfare for Passengers from

Midwest and West Coast Cities


Royal Caribbean International Hits All-Time Booking Record

MIAMI, Jan. 20 -- Cruise bookings on Royal Caribbean
International hit an all-time record on January 12, with 21,827 gross
bookings. The record day in bookings also produced a record day for


Costa Crociere Orders Cruise Ship

In "Costa Crociere Orders Cruise Ship" moved earlier today, the contact
phone number should read "305-599-2600" rather than "05-599-2600" as
originally transmitted by PRNewswire.


Norwegian Cruise Line's M/S Windward To Be Lengthened And Refurbished AtLloyd Werft Shipyard In Germany

Vessel Will Resume Service March 29, 1998 as the Re-named M/S Norwegian Wind


Royal Caribbean Ocean Fund Awards $310,000 In New Grants

MIAMI, Jan. 29 -- Royal Caribbean International has awarded
$310,000 in seven grants to marine conservation organizations through its


SeaVision, Inc. Announces Revised Agreement with Carnival Corporation

PITTSBURGH, Jan. 29 -- SeaVision, Inc., a subsidiary of Allin
Communications Corporation (Nasdaq: ALLN), has announced that it has reached


Cruise Industry Enjoys 'Titanic' Bookings, Travel Weekly Reports

NEW YORK, Jan. 30 -- The movie "Titanic" may chronicle the last
desperate hours of a sinking ship, but it's not hurting what was already


Royal Caribbean International and Celebrity Cruises Announce Next PhaseOf Growth Program, Order Millennium, Voyager and Eagle Sh

MIAMI, Feb. 2 -- Royal Caribbean Cruises Ltd. (NYSE & OSE:
RCL), has signed letters of intent with three shipyards to build up to seven


Cruise Industry Posts 'Wave' of Bookings as New Year Begins; CLIA CruiseLines Report Record Sales and Inquiries

NEW YORK, Feb. 2 -- Only a few weeks have passed in the new
year, and already business is booming for the cruise industry, according to


Princess Cruises Signs With Maritime Telecommunications Network ToProvide Telecommunications Service to the Grand Princess

MIAMI, Feb. 2 -- Princess Cruises and Maritime
Telecommunications Network (MTN) signed a multi-year, multi-million dollar


Six Romantic Trip Tips to Plan the Perfect Valentine's Day Getaway

The Expedia Travel Network Offers Fun, Affordable Trip Ideas for the

Last-Minute Valentine's Day Shopper


Need A Romantic Gift For Your Valentine? CLIA Suggests A Cruise;Surprise Your Sweetheart With A Special-Interest Theme Cruise

NEW YORK, Feb. 5 -- With National Cruise Vacation Month under
way and Valentine's Day just around the corner, Cruise Lines International


Forecast for Norwegian Cruise Line: Smooth Sailing; Commitment to growth yields benefits

MIAMI---Feb. 5, 1998--Risk and reward in the cruise industry
can go hand in hand, as evidenced by Norwegian Cruise Line's recent dramatic


Bahamas Ministry of Tourism Official Statement on Gay Cruise

NASSAU, Bahamas, Feb. 5 -- Thursday, February 5 the Norwegian
Cruise Line ship M.S. Leeward was scheduled to call at Great Stirrup Cay, a


Royal Caribbean Plans to Offer 6,000,000 Shares of Common Stock

MIAMI, Feb. 11 -- Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL)
announced today that it intends to commence marketing a proposed public


Royal Caribbean Reports Record Results For 1997

In Royal Caribbean Reports Record Results for 1997, moved earlier this
morning, we are advised by a representative of the company that the


SeaVision, Inc. Announces Revised Agreement with Norwegian Cruise Line

PLANTATION, Fla., Feb. 17 -- SeaVision, Inc., a subsidiary of
Allin Communications Corporation (Nasdaq: ALLN), has announced that it has


Construction Delays Hold Up Maiden Voyage Of Disney Magic

LAKE BUENA VISTA, Fla., Feb. 18 -- Disney Cruise Line announced
today that it has rescheduled the Maiden Voyage of its first ship, the Disney


NCL To Celebrate Norwegian Star's First Year Anniversary Sailing FromThe Port Of Houston With Series Of Popular Theme And Sports

MIAMI, Feb. 18 -- Norwegian Cruise Line has announced a series
of special theme and sports cruise to be held this year aboard the M/S


Holland America Line Announces New 61,000-Ton Luxury Cruise Ship to JoinFleet In 2000

SEATTLE, Feb. 18 -- Holland America Line, a unit of Carnival
Corporation (NYSE: CCL), today announced that it has reached an agreement with


Royal Caribbean Declares Dividend

MIAMI, Feb. 18 -- February 18, 1998 -- The Board of Directors
of Royal Caribbean Cruises Ltd. (NYSE: RCL) (Oslo: RCL) has declared a


Massport Celebrates National Cruise Vacation Month by Announcing itExpects Another Banner Cruise Season in 1998

BOSTON, Feb. 19 -- The Massachusetts Port Authority announced
today that ship calls expected at the Black Falcon Cruise Terminal have


Cruise Ship Show Highlights Ship Reporting System Milestones

NEW YORK, Feb. 23 -- In a year of milestones for the AMVER
Safety Network and the world's oceans, the Cruise Shipping '98 convention in


Carnival Takes Early Delivery Of New Cruise Ship; Anticipates EarlyDelivery Of Second Vessel

MIAMI, Feb. 24 -- Carnival Cruise Lines, a unit of Carnival
Corporation (NYSE: CCL), today took delivery of its new 2,040-passenger ship,


Carnival Corporation Announces New Ship Agreements Valued At $1.1 Billion

MIAMI, Feb. 24 -- Carnival Corporation (NYSE: CCL) announced
that today it reached agreements with Finnish shipbuilder Kvaerner Masa-Yards


Kenneth Crutchfield Joins US Interactive in Strategic Planning &Development

NEW YORK, Feb. 25 -- Kenneth Crutchfield, a 15-year veteran of
the online/interactive industry, has recently joined US Interactive as
Director of Strategic Planning and Development.


Cruise Lines Cancel Port Calls in Egypt, Travel Weekly Reports

NEW YORK, Feb. 25 -- Cruise lines are continuing to cancel port
calls to Egypt, despite the U.S. State Department's suspension of its


Royal Caribbean Prices Public Offering of Common Stock

MIAMI, March 4 -- Royal Caribbean Cruises Ltd., (NYSE: RCL;
Oslo) announced today that it has priced the public offering of 6,000,000


Exciting Ports of Call and Special Themes Top List of SpringRepositioning Cruises, CLIA Reports

NEW YORK, March 9 - Cruise ship passengers who want to visit
unusual destinations or cruise with people who share their interests will have


Royal Caribbean Cruises Outlk Revised to Stable by S&P

NEW YORK---Standard & Poor's CreditWire 3/11/98 --Standard &
Poor's today revised the outlook on Royal Caribbean Cruises Ltd. to stable
from negative.


Royal Caribbean Names Helen Morin Stephan Godmother Of Its Newest Ship,Vision Of The Seas

MIAMI, March 11 -- Royal Caribbean International has named
Helen Morin Stephan godmother of its newest ship, Vision of the Seas, now


Royal Caribbean Cruises Outlook Revised to Stable by S&P

NEW YORK, March 11 -- Standard & Poor's today revised the
outlook on Royal Caribbean Cruises Ltd. to stable from negative.


Royal Caribbean Cruises Ltd. Announces Public Offering of $300 Millionin Senior Notes and Senior Debentures

MIAMI, March 11 -- Royal Caribbean Cruises Ltd. (NYSE: RCL;
Oslo Stock Exchange) announced today a public offering of $150 million of its


Norwegian Cruise Line Announces Larger Ship For Port Of Houston

HOUSTON, Texas, March 12 -- Norwegian Cruise Line announced
today that its cruise ship M/S Norwegian Sea will arrive at the Port of


Norwegian Cruise Line and the Australian Cruise Project to LaunchYear-Round Australia Cruise Service

New Joint Venture Company, to be Named Norwegian Capricorn Line,

Will Begin Service in Mid-December, 1998


Holland America Line Marks 125th Anniversary of the Company's FoundingWith Gala Events in Rotterdam, Seattle and on Board Its Fl

SEATTLE, March 12 -- Holland America Line will observe its
125th anniversary this year with gala events scheduled in its birthplace,


CLIA Chairman Predicts 'Just the Beginning' Of Exceptional CruiseIndustry Performance

MIAMI BEACH, Fla., March 12 -- Calling cruising "the most
aspired-to vacation in the North American market," Rick James, chairman of


Silversea's 'Silver Links:' World's Best Cruise Line Is The Perfect GolfPartner

All-Inclusive Luxury Cruise Line Offers All-Inclusive Golf Program


Gold Rush Anniversary Ideal Time to Cruise Alaska, CLIA Reports

NEW YORK, March 19 -- As Alaska preserves its position as one
of the three most popular cruise destinations, cruise lines continue expanding