ROYAL CARIBBEAN CRUISES EXPANDS OASIS AND EDGE-CLASS

Royal Caribbean Cruises Ltd. (NYSE: RCL) today announced that it has signed a memorandum of understanding with French Shipbuilder STX France to build a fifth Oasis-class ship for delivery in the Spring of 2021 and two additional Edge-class ships scheduled for delivery in the Fall of each of 2021 and 2022.

“The response to the arrival of Harmony of the Seas is staggering, eliciting excitement from eager cruisers from markets on both sides of the Atlantic,” said Richard D. Fain, Chairman and CEO, Royal Caribbean Cruises Ltd. “And Edge-class is one of the most highly anticipated new projects, following the high bar of Modern Luxury design set by its predecessor, the Solstice Class.”

“The Oasis-class ships have delivered beyond expectations each time,” said Michael Bayley, President and CEO, Royal Caribbean International. “Harmony of the Seas’ warm reception is evidence that growing this class of ship will continue to drive exceptional performance for the brand.” 

“Although our first Edge-class vessel is still over two years away from delivery, there has been a tremendous amount of interest around the new standard of style Edge-class will introduce,” said Lisa Lutoff-Perlo, President and CEO, Celebrity Cruises. “Solstice-class ushered in a new era of design for modern cruise ships, and Edge-class will not disappoint as the new generation of high style and design.” 

“We are extremely pleased with the recent success of Harmony of the Seas and take great pride in our partnership with Royal Caribbean,” said Laurent Castaing, Managing Director of STX France. “It is especially exciting to collaborate on such diverse projects from Oasis to Edge, both marvels in their own space.”

This order is contingent upon the completion of customary conditions, including documentation and financing. Final contracts, which include the definitive payment schedules, are expected to be completed within the quarter. Capacity increases for 2016 through 2020 remain unchanged.

Royal Caribbean Cruises Ltd. (NYSE: RCL) is a global cruise vacation company that owns Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises and CDF Croisières de France, as well as TUI Cruises through a 50 percent joint venture. Together, these six brands operate a combined total of 47 ships with an additional twelve on order. They operate diverse itineraries around the world that call on approximately 490 destinations on all seven continents. Additional information can be found on www.royalcaribbean.com, www.celebritycruises.com, www.pullmantur.es, www.azamaraclubcruises.com, www.cdfcroisieresdefrance.com, www.tuicruises.com or www.rclinvestor.com.

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