Seabourn Cruise Line Orders Two New Ultra Luxur...

Seabourn Cruise Line Orders Two New Ultra Luxury Ships

  To Be Built at Mariotti Shipyard, Genoa, At an All-In Cost of Approximately
                            250 Million Dollars Each

    MIAMI, Oct. 19 -- Seabourn Cruise Line announced today that it will build 
two new, ultra luxury ships, for delivery in spring 2009 and 2010.  Seabourn, 
a division of Miami-based Carnival Corporation & plc (NYSE/LSE: CCL)(NYSE: 
CUK), has signed a letter of intent for the project with shipbuilder T. 
Mariotti S.p.A. of Genoa, Italy. The sister ships will have an all-in U.S. 
dollar cost of $250 million each.
    Each of the 32,000-GRT ships will accommodate all guests in 225 luxury 
suites, ninety percent of which will offer private verandas.  Combined, the 
two vessels will more than double Seabourn's current fleet capacity of 634 
berths.
    "Our brand has been experiencing more demand in the marketplace than we 
could fulfill for quite some time now," stated Deborah L. Natansohn, president 
of Seabourn. "The new ships will allow us to bring the unique Seabourn 
experience to a larger number of people, particularly the highly affluent and 
active baby boomer generation just now heading towards the more leisurely 
years of their lives."
    The letter of intent to build the ships is subject to a number of 
conditions including definitive contracts, financing and other terms.
    According to Micky Arison, Chairman and CEO of Carnival Corporation & plc, 
"This order represents our confidence in the luxury segment of the cruising 
market, which has shown significant and consistent revenue growth in recent 
years, with robust future potential. Through our own and independent research, 
we know that the luxury consumer views the Seabourn brand as the absolute 
ultimate in leisure travel.  This new generation of yacht-like ships will 
secure its position at the top of the cruise industry pyramid for many years 
to come."
    The vessels have been specifically designed to enable Seabourn's award-
winning staff to deliver the highly personalized service experience that is a 
hallmark of the brand.  "They will be spacious, with the sleek lines and 
relaxed, personal feel of an oversized yacht," Natansohn said. "We've 
essentially taken the signature elements of our existing yachts and added some 
exciting new features that the larger hulls will allow."
    Marco Bisagno, President of T. Mariotti S.p.A. noted, "When they were 
introduced, the three existing Seabourn ships embodied a new class of cruising 
vessel, and they spawned an entirely new niche in the market. We are proud and 
excited that Seabourn has enlisted Mariotti to craft what will be the next 
generation of intimate, ultra luxury cruising vessels, to be built in Genoa by 
our skilled team."
    With this order, Mariotti confirms its leadership in the small/medium size 
ultra luxury ships market.
    The design specifications call for hulls 650 feet long, with a beam of 84 
feet and a draft of 21 feet. The ships will be powered by diesel-generated 
electricity and operate with twin screw propellers, with a service speed of 19 
knots. They will be equipped with two bow thrusters to enhance maneuverability 
and two stabilizers. The ships will also be "green ships" employing advanced 
wastewater treatment technology.
    Natansohn said that past guests and luxury-selling travel agents worldwide 
will be ecstatic at the word of new ships for the brand.  "The Yachts of 
Seabourn have always been the highest-rated ships in the world when it comes 
to cuisine and service," she stated.  "With an increased ability to deliver 
Seabourn's superior cruise experience to even more travelers, on state-of-the-
art vessels, we will continue to define the standard for ultra luxury 
cruising."
    For information on Seabourn cruise vacations, contact a travel agent, call 
Seabourn at 1-800-929-9391 or visit Seabourn's award-winning website at 
www.seabourn.com .
    The Yachts of Seabourn provide the ultimate in ultra luxury cruise 
vacations to the most desirable destinations on earth. Seabourn is a proud 
member of World's Leading Cruise Lines. Our exclusive alliance also includes 
Carnival Cruise Lines, Holland America, Princess Cruises, Cunard Line, Costa 
Cruises and Windstar Cruises. Sharing a passion to please each guest, and a 
commitment to quality and value, our member lines appeal to a wide range of 
lifestyles and budgets. Together we offer exciting and enriching cruise 
vacations to the world's most desirable destinations. The Yachts of Seabourn 
is a brand of Carnival Corporation and plc (NYSE: CCL; LSE) and (NYSE: CUK), 
and supports the Ocean Conservation & Tourism Alliance, dedicated to education 
and promotion of best practices for protecting the marine environment.

SOURCE  Carnival Plc
    -0-                             10/19/2006
    /CONTACT:  Bruce Good of Seabourn Cruise Line, [phone], or 
[e-mail] /
    /Web site:  http://www.seabourn.com/