Aker Yards Extends Option for Second Ultra Voyager

Kvaerner Masa-Yards, part of Aker Yards, announces that it has agreed with Royal Caribbean Cruises Ltd. to extended an option to purchase a second Ultra Voyager ship, scheduled for delivery in 2007. Royal Caribbean and Kvaerner Masa-Yards Inc., have agreed to extend the option to September 30, 2004. The option was to have expired on August 31, 2004.