MIAMI, Jan. 24, 2002 -- Royal Caribbean announced today that it has received a compulsory request for additional information from the U.S. Federal Trade Commission ("FTC") relating to its agreed DLC combination with P&O Princess Cruises plc ("P&O Princess").

Royal Caribbean and P&O Princess have already provided a significant amount of information to the FTC on a voluntary basis in connection with its ongoing investigation of the DLC combination. Unlike Carnival Corporation's ("Carnival") outstanding pre-conditional takeover proposal for P&O Princess, the DLC combination is not subject to the filing and waiting period requirements of the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act"). As previously announced, the FTC has made a second request for more information to both Carnival and P&O Princess with respect to Carnival's proposal.

Royal Caribbean will be complying with this request.

Goldman Sachs International and Cazenove & Co. Ltd, which are regulated in the United Kingdom by the Financial Services Authority, are acting for Royal Caribbean in connection with the agreed combination and no-one else and will not be responsible to anyone other than Royal Caribbean for providing the protections afforded to customers of Goldman Sachs International and Cazenove & Co. Ltd nor for providing advice in relation to the agreed combination.