Carnival Corp. Reports Financial Impact of Star...

Carnival Corporation & plc Reports Financial Impact of Star Princess

    MIAMI, March 28 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) 
announced today that in order to make permanent repairs to the cabins affected 
by last week's fire on the Star Princess, the ship will be taken out of 
service until May 15 when it will begin its European season.

    In addition to the already cancelled Caribbean departures of March 26 and 
April 2, cruises scheduled for April 9, 16, 23 and the April 30 transatlantic 
cruise are being cancelled. Passengers booked on these cruises will receive a 
full refund of their cruise and non-refundable air charges and a future cruise 
credit equal to 25 percent of the cruise fare paid on these sailings. 

    Star Princess will sail this week from the Grand Bahama Shipyard in 
Freeport, where she currently is located, to the Lloyd Werft shipyard in 
Bremerhaven, Germany. The ship will be back in service for its first European 
cruise, which will depart from Copenhagen on May 15. 

    The company estimates that the cancelled cruises and repairs to the vessel 
will result in approximately a $0.04 to $0.05 reduction to the company's 
second quarter and 2006 full year diluted earnings per share.

    Carnival Corporation & plc is the largest cruise vacation group in the 
world, with a portfolio of 12 cruise brands in North America, Europe and 
Australia, comprised of Carnival Cruise Lines, Holland America Line, Princess 
Cruises, Seabourn Cruise Line, Windstar Cruises, AIDA Cruises, Costa Cruises, 
Cunard Line, Ocean Village, P&O Cruises, Swan Hellenic, and P&O Cruises 
Australia.

    Together, these brands operate 80 ships totaling approximately 139,000 
lower berths with 15 new ships scheduled to enter service between June 2006 
and fall 2009. Carnival Corporation & plc also operates the leading tour 
companies in Alaska and the Canadian Yukon, Holland America Tours and Princess 
Tours. 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.

     MEDIA CONTACTS                     INVESTOR RELATIONS CONTACT
     US                                 US/UK
     Carnival Corporation & plc         Carnival Corporation & plc
     Tim Gallagher                      Beth Roberts
     1 305 599 2600, ext. 16000         1 305 406 4832
                                        44 7956 436 104

     UK
     Brunswick Group 
     Sophie Fitton/Sarah Lindgreen
     44 (0) 20 7404 5959 

SOURCE  Carnival Corporation
    -0-                             03/28/2006  
    (CCL CUK)