Royal Caribbean Declares Dividend

June 7, 2007

The Board of Directors of Royal Caribbean Cruises Ltd. (NYSE: RCL; OSE) today declared a quarterly dividend of $0.15 per share payable on June 29, 2007, to shareholders of record at the close of business on June 19, 2007.

This is the 55th consecutive quarter Royal Caribbean’s Board of Directors has voted to declare a dividend to shareholders.

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