Press Release: Royal Caribbean Cruises Ltd.
February 5, 2002
LONDON -- Richard Fain, chairman and chief executive of Royal Caribbean Cruises (NYSE: RCL), said:
``I am delighted that P&O Princess has reaffirmed the value of our transaction. It remains an exceptional opportunity
to create value together for both parties and I am confident P&O Princess's shareholders will not lose sight
of this despite Carnival's repeated efforts to distract them.''
``I would also like to emphasise P&O Princess's analysis that adjournment of next week's EGM could threaten
our merger. I have spoken many times before about the disruption caused by this whole process. Further delay, and
further disruption, serves the interest of neither set of shareholders. ''
SOURCE: Royal Caribbean Cruises Ltd.