ROYAL CARIBBEAN CRUISES LTD — Director's Dealing 2012

Oct 31, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ROYAL CARIBBEAN CRUISES LTD (RCL)
CIK: 0000884887
Period of Report: 2012-10-31

Reporting Person: Kulovaara Harri U (EVP, Maritime)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-10-31	Common Stock	S	15000	$33.62	Disposed	48618	Direct

Footnotes

F1: Represents the weighted-average sale price per share of a series of transactions, all of which were executed on October 31, 2012. The actual sale prices ranged from a low of $33.60 to a high of $33.65. The Reporting Person undertakes to provide upon request of the SEC Staff, Royal Caribbean Cruises Ltd. or a Royal Caribbean Cruises Ltd. security holder full information regarding the number of shares sold at each price within the range.