MIAMI, Feb. 24 -- The following release was issued by Royal
Caribbean Cruises Ltd.:

Royal Caribbean Cruises Ltd. (NYSE: RCL) received an indictment today from a
grand jury in Los Angeles for presenting false oil record books on the Nordic
Prince in 1994. The company pled guilty to and apologized for similar charges
covering the same time period in a settlement last year involving the Nordic
Prince and other Royal Caribbean ships, at which time the company paid a $9
million fine to the government.

In June 1998, Royal Caribbean Cruises Ltd. and the U.S. Department of
Justice reached a plea agreement in Florida and Puerto Rico to settle charges
of "false statements to the U.S. Coast Guard_by presenting false and
fictitious oil record books," involving several of the company's ships,
including the Nordic Prince. The charges in Los Angeles are for the same
practice during the same 1994 time period. Strictly forbidden by Royal
Caribbean and the U.S. government, the practice has since been terminated.

"As we have said before, these acts were wrong and are totally inexcusable.
We are doing everything we can to operate our ships above and beyond
compliance. With new approaches in procedures, staffing and technology, Royal
Caribbean has made dramatic strides in its environmental procedures and
intends to continue to improve," said Royal Caribbean International President
Jack Williams.

The company has strengthened its environmental program considerably in
recent years, with extensive training programs; environmental officers on each
ship; a senior vice president responsible for environmental compliance; the
requirement for continuous improvement, and new technology. One dramatic step
includes the development and installation of a new, advanced bilge-water
cleaning system on every ship. This new system allows the company to
discharge bilge water at least three times as pure as legally allowed. The
new equipment was developed cooperatively by Royal Caribbean International and
Marin Miljoteknik AB of Sweden.

Since pleading guilty to similar charges last year, the company has
implemented a government-approved Environmental Compliance Plan and reports
regularly to the federal court to ensure authorities of its adherence to the
plan.