Carnival Corporation & Plc's Fuel Supplement

Carnival Corporation & Plc's North American Brands Eliminate Fuel Supplement 
   For New 2010 Bookings and Establish Guidelines for Fuel Supplement Refunds

    MIAMI, Oct. 10 -- Six brands of Carnival Corporation & plc (NYSE/LSE: CCL; 
NYSE: CUK) -- Carnival Cruise Lines, Costa Cruises, Cunard Line, Holland 
America Line, Princess Cruises and The Yachts of Seabourn -- have announced 
that effective October 31, 2008, the existing fuel supplement will be 
eliminated for all new bookings on 2010 departures.  At that same time, a 
price increase on 2010 sailings will become effective. Additionally, the 
company has established specific guidelines under which the current fuel 
supplement may be reimbursed to consumers for 2008 and 2009 voyages.  
    For 2008 and 2009 departures, if the price of light sweet crude oil 
according to the NYMEX (New York Mercantile Exchange Index) is $70 per barrel 
or less at the 2:30 p.m. close of business as reported by Reuters on each of 
the 25 consecutive trading days ending five trading days prior to the guest's 
cruise departure date, the fuel supplement will be refunded in the form of a 
shipboard credit. Guests who book a 2010 cruise prior to October 31, 2008, 
will be charged the current fuel supplement but will also be eligible for a 
refund of the fuel supplement in accordance with the same fuel price 
conditions that are being implemented for the 2008 and 2009 departures.
    Bill Harber, director of marketing for Carnival Corporation & plc, said 
the company was implementing these initiatives due to the recent trends in 
declining fuel prices in an effort to migrate away from charging a separate 
fuel supplement. "If fuel prices stabilize below $70 a barrel, we will be able 
to effectively eliminate a separate fuel supplement."   However, he cautioned 
that there is still a risk that fuel prices could move higher "which would 
require us to maintain or reinstate a fuel supplement but the company is 
hopeful that the goal of eliminating the fuel supplement can be achieved."   
Harber added that "these industry-leading initiatives demonstrate our 
commitment to our guests and travel agents to make our brands the most 
attractive cruise vacations available."    
    The fuel supplement for five of the six Carnival Corporation & plc brands 
is currently $9 per person per day for the first and second guest (not to 
exceed $126 per person per voyage) and $4 per person per day for third, fourth 
and fifth guests (not to exceed $56 per person per voyage).  Seabourn's fuel 
supplement is $15 per person per day for the first and second guest (not to 
exceed $210 per person per voyage) and $4 per person per day for third and 
fourth guests (not to exceed $56 per person per voyage).    

    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 88 ships totaling more than 167,000 lower 
berths with 18 new ships scheduled to be delivered between October 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-                             10/10/2008
    /CONTACT:  US: Tim Gallagher of Carnival Corporation & plc, 
[phone], ext. 16000, or UK: Richard Jacques or Sophie Brand of 
Brunswick Group, [phone]; INVESTOR RELATIONS US/UK: Beth Roberts 
of Carnival Corporation & plc, [phone]/
    /Web site:  http://www.carnivalcorp.com /
    (CCL CUK)