MIAMI, Feb. 4 -- The Board of Directors of Royal Caribbean
Cruises Ltd. (NYSE: RCL; OSE) has declared a quarterly dividend of eleven
cents per share for common stock shareholders of record at the close of
business on March 1, 2000, payable on March 30, 2000.

This is the 26th consecutive quarter Royal Caribbean's Board of Directors
has voted to declare a dividend to common stock shareholders.

Royal Caribbean Cruises Ltd. is a global cruise company operating two cruise
brands, Royal Caribbean International and Celebrity Cruises. The brands'
combined fleet consists of 17 vessels in service and 10 ships under
construction or on firm order. The ships currently visit Alaska, the Bahamas,
Bermuda, the Caribbean, Europe, the Far East, Hawaii, Mexico, Panama Canal,
Russia and Scandinavia. For additional information about Royal Caribbean,
visit the company's Internet sites at
www.royalcaribbean.com,
www.celebrity-cruises.com
or
www.rclinvestor.com.