Royal Caribbean International`s Sovereign of the Seas will be reassigned to the company`s Pullmantur fleet, and the Los Angeles- based Monarch of the Seas will assume Sovereign of the Seas` sailings out of Port Canaveral as the cruise operator announced. These changes will take place in October and November 2008.

We are fortunate that our mix of brands allows us the flexibility and opportunity to expand in key strategic markets and to diversify in existing ones, said Royal Caribbean International President and CEO Adam Goldstein. We thank our partners at the ports of Los Angeles, Ensenada, Catalina and San Diego for our outstanding and ongoing relationship. We look forward to providing our Monarch of the Seas guests with exceptional vacations as we visit those locations through next fall.

Sovereign of the Seas` last scheduled sailing for Royal Caribbean International will be on October 31, 2008. Two subsequent cruises, scheduled for November 3 and 7, will be canceled, and guests booked on those cruises will receive a full refund and an onboard credit for rebooking an earlier Sovereign of the Seas sailing during 2008 (excluding holidays). All rebookings must be made by December 31, 2007. All guests currently booked on Sovereign of the Seas on or after November 10, 2008, will be re-accommodated onboard Monarch of the Seas.

Monarch of the Seas will make its last regularly scheduled sailing out of Los Angeles on October 13, 2008. All guests currently booked on a subsequent sailing will receive a full refund and an onboard credit for rebooking a three, four or five-night Caribbean sailing, or a seven-night Mexican Riviera sailing, onboard Royal Caribbean International in 2008 (excluding holidays). All rebookings must be made by December 31, 2007.

On October 17, 2008, Monarch of the Seas will reposition to the East Coast when it departs Los Angeles on a 16-night Panama Canal cruise to Miami. The ship will then undergo a scheduled, weeklong dry-dock before welcoming its first Port Canaveral guests for three and four-night Bahamas sailings starting November 10, 2008.