RCI's 2nd Ultra Voyager ship announced

[Jason]

Royal Caribbean Cruises Ltd. Exercises Option To Build Second Ultra Voyager

Miami - - Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL) today exercised its option to build a second Ultra Voyager ship at the Kvaerner Masa-Yards in Finland. Scheduled for delivery in the spring of 2007, the ship will be operated by the Royal Caribbean International brand.

Like its prototype, which is due for delivery in the spring of 2006, the second Ultra Voyager will be roughly 15 percent larger than its Voyager-class counterpart. At 100- percent capacity, she will carry 3,600 guests and 1,400 crew. Despite adverse foreign exchange rates, building a sister ship results in beneficial cost efficiencies and an all-in dollar cost that is essentially the same as the first Ultra Voyager.

"With state-of-the art technology and imaginative onboard programming, the Ultra Voyager is another major milestone in Royal Caribbean's history of innovation," said Chairman and Chief Executive Officer Richard Fain. "We are excited to add this second ship to the series."

Royal Caribbean Cruises Ltd. is a global cruise vacation company that operates Royal Caribbean International and Celebrity Cruises, with a combined total of 29 ships in service and one under construction. The company also offers unique cruisetour vacations in Alaska, Canada and Europe.

Source: Royal Caribbean International