Carnival Announces Results of Exercise Rights

Carnival Corporation & plc Announces Results of Exercise of Rights by Holders 
      to Require Repurchase of 2% Convertible Senior Debentures Due 2021 
 
    MIAMI, April 16 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) 
announced today that holders of $117,000 aggregate principal amount of its 2% 
Convertible Senior Debentures due 2021 had exercised their right to have the 
Company repurchase their 2% Convertible Senior Debentures pursuant to the 
Indenture.  The Company repurchased the 2% Convertible Senior Debentures at a 
price of $1,000 per $1,000 principal amount of the 2% Convertible Senior 
Debentures, plus accrued and unpaid interest.  As of April 16, 2008, 
$594,986,000 aggregate principal amount of the 2% Convertible Senior Debentures 
remain outstanding.  Pursuant to the Indenture, holders of the 2% Convertible 
Senior Debentures will next have the opportunity to require the Company to 
repurchase their 2% Convertible Senior Debentures on April 15, 2011. 
    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 86 ships totaling more than 162,000 lower 
berths with 20 new ships scheduled to enter service between July 2008 and June 
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 Corporation & plc 
    -0-                             04/16/2008 
    /CONTACT:  MEDIA, US, Tim Gallagher, [phone], ext. 16000, INVESTOR 
RELATIONS, US-UK, Beth Roberts, [phone], both of Carnival Corporation 
& plc; MEDIA, UK, Richard Jacques or Sophie Brand of Brunswick Group,  
[phone] / 
    /Web site:  http://www.carnivalcorp.com / 
    (CCL; CUK)