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Royal Caribbean Cruises Finalizes Pullmantur Purchase

Maritime Activity Reports, Inc.

November 14, 2006

Royal Caribbean Cruises Ltd. has completed its purchase of Madrid-based cruise and tour operator Pullmantur S.A. Closing documents were signed today in Madrid. In August, Royal Caribbean Cruises Ltd. signed an agreement with Pullmantur’s shareholders to buy all the company’s capital stock. Last month, the company received regulatory approval for the acquisition.