Carnival Corporation Assigns Previously Ordered...

Carnival Corporation & plc Assigns Previously Ordered Vessel to P&O Cruises 
 
                   New Ship to Enter Service in Spring 2008 
 
    MIAMI, Sept. 21 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has 
assigned the newbuild slot for the previously announced 116,000-ton cruise ship 
to U.K.-based P&O Cruises.  To be built by Italian shipbuilder Fincantieri, the 
vessel is scheduled to enter service in spring 2008.   
    The new 3,100-passenger vessel will become the largest cruise ship 
specifically built for British cruise service and continues Carnival's ongoing 
European expansion strategy. An itinerary for this vessel has not been 
announced. 
    The new P&O Cruises ship was part of a five-ship agreement with 
Fincantieri announced in September 2004 that also included the new 110,000-ton 
Carnival Freedom for Carnival Cruise Lines, the 116,000-ton Emerald Princess 
for Princess Cruises, a 110,000-ton ship that still must be assigned to a 
particular Carnival brand, and a significant redesign of Cunard Line's 
previously ordered Queen Victoria.   
    "The agreement with Fincantieri presented a unique opportunity to contract 
for a package of five ships at a very attractive price.  At the time we signed 
the contract, we had not made a decision as to which brands would be 
designated for two of the ships.  Given P&O Cruises' strong performance and 
the excellent demand for cruising in the UK market, the decision was made to 
designate one of the ships for P&O Cruises," said Micky Arison, Carnival 
Corporation & plc's chairman and CEO. 
    He said that the company will make a decision on which brand will receive 
the second vessel by the end of the month.  
    The new P&O Cruises ship, to be named Ventura, will feature eight 
restaurants, five pools and three show lounges, including the largest theater 
on a British cruise ship.  In addition to one of the largest spas afloat, the 
ship will include a "family zone" featuring children's play areas, a "family 
bistro" and two pools dedicated to families and children.  Of the ship's 1,550 
cabins, nearly 60 percent will offer private balconies.  
    Commenting on the announcement, David Dingle, managing director of P&O 
Cruises, said, "This new order acknowledges the unprecedented demand for the 
P&O Cruises brand and its increasingly wide appeal.  Over the last 10 years, 
P&O Cruises uniquely has introduced a progression of new ships purpose-built 
for Britain, which have created record levels of demand.  Ventura, through her 
innovation, scale and contemporary appeal, marks the next major step forward 
for Britain's leading cruise line, maintaining P&O Cruises' position at the 
forefront of our industry." 
    Carnival Corporation & plc is the largest cruise vacation group in the 
world, with a portfolio of 12 cruise brands in North America, Europe and 
Australia, comprised of Carnival Cruise Lines, Holland America Line, Princess 
Cruises, Seabourn Cruise Line, Windstar Cruises, AIDA Cruises, Costa Cruises, 
Cunard Line, Ocean Village, P&O Cruises, Swan Hellenic, and P&O Cruises 
Australia. 
    Together, these brands operate 79 ships totaling more than 137,000 lower 
berths with 12 new ships scheduled for delivery between January 2006 and April 
2009. Carnival Corporation & plc also operates the leading tour companies in 
Alaska and the Canadian Yukon, Holland America Tours and Princess Tours. 
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-                             09/21/2005 
    /CONTACT:  Media, US, Tim Gallagher, [phone], ext. 16000, Investor 
Relations, US/UK, Beth Roberts, [phone], [phone], both of 
Carnival Corporation & plc; UK, Brunswick Group, Sophie Fitton,  
[phone]/ 
    /Web site:  http://www.carnivalcorp.com / 
    (CCL CUK)