Royal Caribbean Declares Dividend

May 22, 2008

The Board of Directors of Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL) today declared a quarterly dividend of $0.15 per share payable on June 20, 2008, to shareholders of record at the close of business on June 6, 2008.

This is the 59th consecutive quarter Royal Caribbean’s Board of Directors has voted to declare a dividend to shareholders.

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