CARNIVAL ORDERS NEW SHIPS FOR COSTA CROCIERE, AIDA

Carnival Corporation & plc Orders New Ships for Costa Crociere, AIDA Cruises 
 
 New Vessels Will Add More Than 6,500 Total Lower Berths to Fleet, Build Upon 
            Carnival's Leadership Position in European Marketplace 
 
    MIAMI, June 12 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), 
today announced that it has ordered two cruise ships for its European brands 
with an option for a third.  
 
    Included in today's order are a 92,700-ton vessel for Genoa, Italy-based 
Costa Crociere, as well as an option for a sister ship, both to be built by 
Italy's Fincantieri shipyard, and a 68,500-ton ship for its Rostock,  
Germany-based AIDA Cruises to be built by Germany's Meyer Werft yard.  
 
    The new vessels will add more than 6,500 total lower berths to Carnival 
Corporation & plc's fleet and build upon its leadership position within the 
rapidly expanding European cruise market, with six million passengers expected 
to set sail by 2015.  
 
    The new Costa ships will be built at Fincantieri's Marghera shipyard and 
have a basis-two capacity of 2,260 each. The first ship is scheduled to enter 
service in spring 2009.  If the option is exercised, the second ship is slated 
to debut in fall 2010.  The all-in cost for each vessel will be approximately 
420 million euro. 
 
    Including the new ship and option, Costa currently has five new vessels on 
order from Fincantieri representing 13,520 total lower berths. 
 
    The new AIDA ship will have a basis-two capacity of 2,050.  Scheduled 
delivery is spring 2010.  The vessel's all-in cost will be approximately 330 
million euro and marks the fourth 68,500-ton vessel ordered for the brand in 
just the past 19 months.  Three other vessels, also being built at Meyer 
Werft, are slated to debut in 2007, 2008 and 2009.  
 
    All four vessels will operate under AIDA Cruises' informal "club resort" 
cruise concept which is marketed exclusively to German-speaking clientele and 
offers a product aimed at younger, more active passengers who enjoy a host of 
on-board amenities and facilities. 
 
    According to Carnival Corporation & plc Chairman and CEO Micky Arison, 
today's announcement continues the company's aggressive expansion strategy in 
the European market.    
 
    "We have invested a great deal of time and money expanding and 
diversifying the European cruise market which possesses incredible potential 
for growth.  Costa is already the clear leader in the southern European market 
and AIDA holds the same distinction in Germany.  These new state-of-the-art 
ships for Costa and AIDA will further bolster their positions in the 
respective markets and ensure that we have adequate capacity available to meet 
growing demand for European cruises," Arison said.  
 
    Commented Costa Crociere Chairman and CEO Pier Luigi Foschi, "We've 
demonstrated that the European market is seeking new itinerary alternatives 
and that requires a balanced mix of ships, especially for the more experienced 
cruiser. Costa's new programs, including voyages featuring Dubai in 
winter/spring 2006/2007 and a series of 13 cruises to the Far East scheduled 
for spring 2006 to spring 2007, have received tremendous response from our 
European customers, including a number of sailings selling out in a matter of 
days. New ships will allow us to continue to diversify our cruise offerings 
for European vacationers," he said. 
 
    The German-speaking market is one of the fastest growing in Europe with 
one million passengers expected to set sail by 2010.  "To keep pace with this 
dramatic growth, we must continue to build ships and develop unique cruise 
products such as AIDA that can cater specifically to the preferences of 
German-speaking clientele," Foschi said. 
 
    Including the three new ships announced today, Costa and AIDA together 
have nine new ships on order representing a collective 21,720 total lower 
berths - more than any other European cruise line.  
 
    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 80 ships totaling approximately 141,000 
lower berths with 16 new ships scheduled to enter service between June 2006 
and spring 2010. 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. 
 
    MEDIA CONTACTS                     INVESTOR RELATIONS CONTACT 
     US                                 US/UK 
     Carnival Corporation & plc         Carnival Corporation & plc 
     Tim Gallagher                      Beth Roberts 
     1 305 599 2600, ext. 16000         1 305 406 4832 
 
     UK 
     Brunswick Group  
     Sarah Lindgreen/Ruban Yogarajah 
     44 (0) 20 7404 5959  
 
SOURCE  Carnival plc  
    -0-                             06/12/2006 

    /Web site:  http://www.carnivalcorp.com / 
    (CCL CUK)