ROYAL CARIBBEAN CRUISES LTD. RECEIVES ANTITRUST APPROVAL ON PULLMANTUR PURCHASE; ANNOUNCES CELEBRITY EXPEDITIONS AND CELEBRITY, PULLMANTUR SHIP SWAP

October 31, 2006 – Royal Caribbean Cruises Ltd. has received antitrust approvals from Spain and Portugal on its planned purchase of Madrid-based cruise and tour operator Pullmantur S.A. With purchase plans on schedule, company officials also unveiled Celebrity Expeditions, an extension of the Celebrity Cruises brand, and a ship swap involving Pullmantur's Blue Dream and Celebrity’s Zenith.

In August, Royal Caribbean Cruises Ltd. signed an agreement with Pullmantur’s shareholders to buy all the company’s capital stock, subject to regulatory approvals. Today’s announcement eliminates the last major requirement to finalization.

“We are pleased that the Spanish and Portuguese authorities have given us the green light on our Pullmantur acquisition,” said Royal Caribbean Chairman and CEO Richard Fain. "It allows us to move ahead with very exciting plans for both Celebrity and Pullmantur. For Celebrity, it allows us to build out and extend the Celebrity brand with tailored ships for target markets—a long-time strategy for the brand—and, for Pullmantur, it enables us to add needed capacity to the fleet.”

Blue Moon, the former R seven is currently homeporting in Aruba and offers an exciting new itinerary on a seven night cruise vacation. Guests can spend a day savouring what Aruba has to offer, from fabulous shopping, adventurous shore excursions and the pristine white soft sandy beaches. Just imagine Coconut Palm tree filled white coastline with a myriad of aquatic options. Aruba has a unique landscape where the experience of just exploring this Dutch cosmopolitan Caribbean country, will entice you to return year after year.

For information, please contact your travel specialist or dial 1 800 437 3111.