MIAMI, March 4 -- Royal Caribbean Cruises Ltd., (NYSE: RCL;
Oslo) announced today that it has priced the public offering of 6,000,000
shares of its common stock at a price of $56-1/2 per share. Of the 6,000,000
shares offered, 3,849,655 shares are being sold by the selling shareholders,
with the balance being sold by the company. The company has granted to the
underwriters of the offering an option to purchase up to an additional 900,000
shares of common stock to cover over-allotments. As previously announced, the
company intends to use the net proceeds of the offering for general corporate
purposes, including capital expenditures.

The offering will be made to investors in the United States by managing
underwriters Merrill Lynch & Co., Goldman, Sachs & Co. and Lazard Freres & Co.
LLC. The offering will be made to investors in Europe by managing
underwriters Merrill Lynch International, Christiania Markets, Goldman Sachs
International, Lazard Capital Markets and Pareto Fonds ASA. The shares of
common stock are being offered pursuant to the company's effective shelf
registration statement which was filed with the Securities and Exchange
Commission earlier this year.

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