Closed Period Share Repurchase Programme

Closed Period Share Repurchase Programme 
 
    MIAMI, Aug. 31 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) 
announce that it has entered into an irrevocable, non-discretionary programme to 
purchase on behalf of Carnival Investments Limited (a subsidiary of Carnival 
Corporation) ordinary shares of Carnival plc during the closed period commencing 
on 3 September 2007 and ending on 28 September 2007 (unless such programme is 
terminated earlier). 
    Any purchases under the programme will be effected within certain pre-set 
parameters, and in accordance with Carnival plc's general authority to 
repurchase shares, Rule 10b5-1 of the U.S. Securities Exchange Act, and 
Chapter 12 of the Listing Rules which requires that the minimum price paid be 
limited to no more than 105 per cent of the average closing price of Carnival 
plc's ordinary shares as published by the London Stock Exchange for the five 
business days immediately prior to such purchase. 
 
SOURCE:  Carnival plc 

    CONTACT:  Beth Roberts, US-UK Investor Relations, [phone] 
    Web site:  http://www.carnivalcorp.com 
    (CCL; CUK)