Carnival Announces Results of Exercise of Rights

Carnival Corporation & plc Announces Results of Exercise of Rights by 
   Holders to Require Repurchase of Senior Convertible Debentures due 2033

   MIAMI, Oct. 30  -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) 
announced today that holders of $408,570,000 aggregate principal amount at 
maturity of Carnival Corporation's Senior Convertible Debentures due 2033 had 
exercised their right to have the Company repurchase their Senior Convertible 
Debentures pursuant to the Indenture.  Carnival Corporation repurchased the 
Senior Convertible Debentures at a price of $664.01 per $1,000 principal amount 
at maturity, plus accrued and unpaid interest.  As of October 30, 2009, 
$13,383,000 aggregate principal amount at maturity of the Senior Convertible 
Debentures remain outstanding.  

    Carnival Corporation & plc is the largest cruise vacation group in the world, 
with a portfolio of cruise brands in North America, Europe and Australia, 
comprised of Carnival Cruise Lines, Holland America Line, Princess Cruises, The 
Yachts of Seabourn, AIDA Cruises, Costa Cruises, Cunard Line, Ibero Cruises, 
Ocean Village, P&O Cruises and P&O Cruises Australia. 

    Together, these brands operate 93 ships totaling more than 180,000 lower 
berths with 12 new ships scheduled to be delivered between January 2010 and May 
2012. Carnival Corporation & plc also operates Holland America Tours and 
Princess Tours, the leading tour companies in Alaska and the Canadian Yukon. 
Traded on both the New York and London Stock Exchanges, Carnival Corporation & 
plc is the only group in the world to be included in both the S&P 500 and the 
FTSE 100 indices. 


SOURCE  Carnival Plc

    CONTACT:  In US, Carnival Corporation & plc, Tim Gallagher, [phone], 
ext. 16000, or INVESTOR RELATIONS CONTACT in US/UK, Carnival Corporation & plc, 
Beth Roberts, [phone]