Carnival Adjusts Guidance for Second Half of 2011

Carnival Corporation & Plc Revises Impact for Second Half of 2011 From Itinerary 
            Disruptions in the Middle East, North Africa and Japan

MIAMI, June 13, 2011 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) 
expects the revised impact from the prolonged conflicts in the Middle East 
and North Africa region, as well as the earthquake and nuclear disaster in 
Japan, which combined resulted in over 300 deployment changes, will cost the 
company an additional $0.15 per share for the second half of 2011. In addition, the 
increases in fuel prices net of currency exchange rates will cost the company 
approximately $0.05 per share in the second half of the year.  

In its March guidance, the company underestimated the full impact of these events 
on its second half earnings. The March guidance occurred just one week after 
substantially all the itinerary changes resulting from these events were announced 
and only days after the Japanese earthquake. The company has also experienced 
softness in bookings for the Southern Europe and UK markets, which will result in 
reduced revenues costing an additional $0.05 per share for the second half of 2011. 
However, the company expects to offset the effect of this $0.05 per share in other 
cost areas of the business. Revenue performance for the North American brands 
remains strong and the company continues to expect sequential improvement in the 
second half of the year.  

The company will announce second quarter results and more details of its 2011 full 
year guidance (updated for current spot prices for fuel and exchange rates) in its 
regularly scheduled earnings release and conference call to be held on June 21, 
2011.

Carnival Corporation & plc is the largest cruise vacation group in the world, with 
a portfolio of cruise brands in North America, Europe, Australia and Asia, 
comprised of Carnival Cruise Lines, Holland America Line, Princess Cruises, 
Seabourn, AIDA Cruises, Costa Cruises, Cunard, Ibero Cruises, P&O Cruises (UK) and 
P&O Cruises (Australia).  

Together, these brands operate 100 ships totaling approximately 197,000 lower 
berths with eight new ships scheduled to be delivered between now and March 2015. 
Carnival Corporation & plc also operates Holland America Princess Alaska Tours, the 
leading tour company 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 plc

CONTACT: Media, US: Tim Gallagher, [phone], ext. 16000, or Investor 
Relations US/UK: Beth Roberts, [phone], both of Carnival Corporation & plc