Royal Caribbean Declares Dividend

MIAMI, Feb. 2 -- The Board of Directors of Royal Caribbean
Cruises Ltd. (NYSE: RCL; Oslo) has declared a quarterly dividend of 13 cents
per share for shareholders of record at the close of business on March 1,
2001, payable on March 29, 2001.

This is the 30th consecutive quarter Royal Caribbean's Board of Directors
has voted to declare a dividend to shareholders.

Royal Caribbean Cruises Ltd. is a global cruise vacation company that
operates Royal Caribbean International, Celebrity Cruises, and Royal Celebrity
Tours. Royal Caribbean International and Celebrity Cruises have a combined
total of 19 ships in service and 10 under construction or on firm order. Royal
Celebrity Tours operates cruise-tour vacations in Alaska utilizing the world's
largest glass-domed railcars. Additional information can be found on
www.royalcaribbean.com,
www.celebritycruises.com
or
www.rclinvestor.com.