Royal Caribbean Declares Dividend

Press Release: Royal Caribbean Cruises Ltd.
December 7, 2001
MIAMI, FL -- 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 December 17, 2001, payable on December 28, 2001.

This is the 33rd 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 23 ships in service and six under construction or on firm order. Royal Celebrity Tours operates land-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.

SOURCE: Royal Caribbean Cruises Ltd.