Press Release: Royal Caribbean Cruises Ltd.
July 10, 2002
MIAMI, FL -- The following quote is provided by Lynn Martenstein, vice president of Corporate Communication for
Royal Caribbean Cruises Ltd.:
"We are pleased that the AAI recognized that 'the Royal Caribbean/Princess combination would create a firm
equal in size to Carnival ... while the Carnival/Princess combination would create a dominant firm with half the
market.' For this reason, we still believe that our merger is pro-competitive and pro-consumer, while Carnival's
takeover would result in a dominant position that will harm cruisers, travel agents, and others. Obviously, we
are disappointed that the AAI was not more supportive of Royal Caribbean's proposed merger, and that it ignored
data we believe demonstrates that the Royal Caribbean/P&O Princess merger would not result in undue concentration.
We have cleared all regulatory hurdles in Europe and we will continue to seek similar recognition from the FTC."
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
24 ships in service and four under construction or on firm order. Royal Celebrity Tours operates land-tour vacations
in Alaska and Canada utilizing the world's largest glass-domed railcars. Additional information can be found on
www.royalcaribbean.com, www.celebritycruises.com
or www.rclinvestor.com.
SOURCE: Royal Caribbean Cruises Ltd.