Leon to Retire as Royal Caribbean Cruises Ltd. CFO; Company Names EVP Brian Rice as Replacement

From the Wires

Oct. 31, 2006 01:34 PM

MIAMI, Oct. 31 /PRNewswire-FirstCall/ -- Royal Caribbean Cruises Ltd. announced today that Chief Financial Officer (CFO) Luis Leon will retire from the company, and that Executive Vice President Brian Rice will succeed him as CFO.

Leon has been the company CFO since 2003, when he joined the company. He will assist in the transition, which is expected to be completed before the end of 2006.

"Luis has made a significant contribution to our company's financial success, and we are grateful for his dedication and commitment," said Chairman and CEO Richard Fain. "All of us wish him well in his retirement."

"I am pleased to have worked with a company the caliber of Royal Caribbean," said Leon. "I am confident in its future prospects, and look forward to watching it grow."

Leon and his wife, Connie, plan to move to their home in Estero, Florida.

Incoming CFO, Brian Rice, has an extensive background in financial operations and revenue-performance management. He is widely recognized as a leader in revenue management, having overseen the conceptual development and implementation of the company's highly regarded revenue-management systems and procedures. He also designed many of the company's financial-management models, and led numerous operational and financial initiatives. Rice will be the fourth CFO in Royal Caribbean's 35-year history.

"Brian has played a pivotal role in the growth, profitability and efficiency of our company," said Fain. "We are excited he has accepted this latest challenge, and look forward to his expanded role in this next phase of our prosperity and success."

Royal Caribbean Cruises Ltd. is a global cruise company that operates Royal Caribbean International and Celebrity Cruises with a combined total of 29 ships in service and six under construction. The company also offers unique land-tour vacations in Alaska, Canada and Europe through its cruise-tour division. Additional information can be found on http://www.royalcaribbean.com/, http://www.celebrity.com/ and http://www.rclinvestor.com/.

Royal Caribbean International

CONTACT: Lynn Martenstein of Royal Caribbean Cruises Ltd.,
+1-305-539-6573

Web site: http://www.royalcaribbean.com/
http://www.celebrity.com/
http://www.rclinvestor.com/

Published Oct. 31, 2006
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