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THE MARINE LOG FEATURES CALENDAR FOR 2003


Port Security Conference

May 2, 2003

Royal Caribbean proposes to raise $250 million
Royal Caribbean Cruises Ltd. has commenced marketing a proposed $250 million senior note public offering. Goldman, Sachs & Co. and Citigroup will be joint book-running lead managers for the offering.

Net proceeds from this offering will be used by the company for general corporate purposes, including capital expenditures. The securities are being offered as part of a shelf registration statement previously filed and declared effective with the Securities and Exchange Commission.

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