MIAMI, March 11 -- Royal Caribbean Cruises Ltd. (NYSE: RCL;
Oslo Stock Exchange) announced today a public offering of $150 million of its
6.75 percent Senior Notes due 2008 at 99.428 percent of the principal amount
and $150 million of its 7.25 percent Senior Debentures due 2018 at 99.624
percent of the principal amount.

The offering is being lead-managed by Goldman, Sachs & Co,, with ABN AMRO
Incorporated, Chase Securities Inc., Citicorp Securities, Inc., NationsBanc
Montgomery Securities LLC, and Scotia Capital Markets (USA) Inc. as
co-managers. The securities are being offered as part of a shelf registration
statement previously filed with the Securities and Exchange Commission.

The net proceeds will be used by the company for general corporate purposes,
including capital expenditures.

Royal Caribbean Cruises Ltd. is a global cruise company operating two cruise
brands, Royal Caribbean International and Celebrity Cruises.