Corporate Office
Royal Caribbean Cruises Ltd.
1050 Caribbean Way
Miami, Florida 33132
Telephone (305)539-6000
Telecommunications Display Device
(305)539-4440
Internet http://www.royalcaribbean.com

Independent Auditors
Price Waterhouse LLP
700 First Union Financial Center
200 South Biscayne Boulevard
Miami, Florida 33131
Common Stock Transfer
Agent & Registrar
ChaseMellon Shareholder Services, L.L.C.
85 Challenger Road
Ridgefield Park, New Jersey 07660

Common Stock
Common stock of Royal Caribbean Cruises Ltd. trades on the New York Stock Exchange (NYSE) under the symbol "RCL."

The table below sets forth the quarterly high and low prices of the common stock on the New York Stock Exchange:
1996 High Low

First Quarter $25 $211/2
Second Quarter 291/8 24
Third Quarter 281/2 227/8
Fourth Quarter 271/4 23
1995 High Low

First Quarter $281/2 $24
Second Quarter 263/4 213/8
Third Quarter 243/8 211/4
Fourth Quarter 251/4 207/8

Annual Meeting
The annual meeting will be held on Tuesday, May 20, 1997 at 9:00 a.m. at the Hotel Inter-Continental, Miami, Florida.

Availability of Form 20-F
A copy of the Company's annual report on Form 20-F will be provided without charge upon written request to the Company.

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