Re Contract

Cunard To Build 'Queen Elizabeth' 
 
                      New liner to enter service in 2010 
 
    Southampton: 10 October 2007 -- Cunard Line announces that it has ordered 
a new 92,000-ton liner, to be named 'Queen Elizabeth', scheduled to enter 
service in the autumn of 2010. Cunard, a unit of Carnival Corporation & plc 
(NYSE/LSE: CCL; NYSE CUK) signed an agreement with Italian shipbuilder 
Fincantieri for the construction of the new 2092-passenger ocean liner, which 
will be built at Fincantieri's Monfalcone yard at an all-in cost of 
approximately euro 500 million. The vessel will be the second largest Cunarder 
ever built. 
    In making the announcement, Cunard's President and Managing Director, 
Carol Marlow, said: 
 
    "Cunard already owns and operates the two most famous ocean liners in the 
world, Queen Elizabeth 2 and Queen Mary 2, and a third - Queen Victoria - is 
due to be named by HRH The Duchess of Cornwall, in the presence of HRH The 
Prince of Wales, in December of this year. The decision to order another ship 
for Cunard Line has been taken as a result of the strong booking response to 
the new Queen Victoria, and we are extremely pleased that Cunard will once 
again become a three-ship fleet so soon after the departure of the much-
celebrated Queen Elizabeth 2 in November next year. Furthermore we are 
delighted that Her Majesty The Queen has given her blessing to our calling 
this new Cunarder 'Queen Elizabeth', after our first vessel of that name." 
 
    The new ship follows a long line of famous Cunard liners stretching back 
to the company's inception as the first operator of a timetabled transatlantic 
service 167 years ago. 
    Speaking for Fincantieri, Chief Executive Officer Mr. Giuseppe Bono said: 
    "It is a particularly special moment for Fincantieri to have secured a 
second order from Cunard at a time when we are nearing the completion of 
'Queen Victoria'. Cunard is the most famous name in passenger shipping and we 
are honoured to have been chosen to build Queen Elizabeth and to continue the 
tradition and heritage of that great company." 
    Queen Elizabeth will offer the very best of Cunard's values and 
traditions, blended with every conceivable modern luxury that today's 
discerning travellers expect. Through her opulent public rooms and impeccable 
service, the new ship will reflect the grandeur which has been associated with 
Cunard ships since the introduction of the Mauretania in 1907; and from the 
outside, her black hull, gleaming white superstructure and distinctive red 
funnel will echo the classic characteristics of the company's distinctive 
liner heritage. 
    Queen Elizabeth will fly the Red Ensign with her home-port Southampton, as 
is the case with the other ships in the Cunard fleet. 
    The agreement is subject to approval by the board of directors of Carnival 
Corporation & plc. Design details and initial itineraries will be announced in 
due course. 
 
SOURCE  Carnival Plc 
    -0-                             10/10/2007 
    /CONTACT: Eric Flounders, Corporate Communications Manager, +0207-940-
5390, [e-mail]; Michael Gallagher, Corporate Communications 
Executive, +0207-940-5391, [e-mail]/ 
    /Web site:  http://www.carnivalcorp.com 
                http://www.cunard.co.uk / 
    (CCL CUK)