Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                         
                                                                                       
                                                                                       
                                                                                       
1. Identity of the issuer or the underlying issuer                                     
of existing shares to which voting rights are                         Carnival plc     
attached:                                                                              
                                                                                       
2 Reason for the notification (please tick the appropriate box or boxes):              
                                                                                       
An acquisition or disposal of voting rights                                        X   
                                                                                       
An acquisition or disposal of qualifying financial instruments which may result        
in the acquisition of shares already issued to which voting rights are attached        
                                                                                       
An event changing the breakdown of voting rights                                       
                                                                                       
Other (please specify):                                                                
                                                                                       
3. Full name of person(s) subject to the notification          Thornburg Investment    
obligation:                                                      Management, Inc.      
                                                                                       
4. Full name of shareholder(s)                                         N/A             
 (if different from 3.):                                                               
                                                                                       
5. Date of the transaction (and date on which the                16 January 2012       
threshold is crossed or reached if differently):                                       
                                                                                       
6. Date on which issuer notified:                                23 January 2012       
                                                                                       
7. Threshold(s) that is/are crossed or reached:              Below 11% voting rights   
                                                                                       


 

8. Notified details:                                                                    
                                                                                        
A: Voting rights attached to shares                                                     
                                                                                        
Class/type Situation previous   Resulting situation after the triggering transaction    
of         to the triggering                                                            
shares     transaction                                                                  
                                                                                        
                                                                                        
if         Number     Number    Number       Number of voting    % of  voting rights    
possible   of         of        of shares    rights                                     
using      Shares     Voting                                                            
the ISIN              Rights                                                            
CODE                            Direct       Direct Indirect     Direct    Indirect     
                                                                                        
                                                                                        
                                                                                        
                                                                                        
   ORD     Above 11%  Above 11%     N/A       N/A    18,271,081     N/A       10.02%    
                                                                                        
 3121522                                                                                
                                                                                        
 (SEDOL)                                                                                
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
B: Qualifying Financial Instruments                                                     
                                                                                        
Resulting situation after the triggering transaction                                    
                                                                                        
Type of       Expiration Exercise/         Number of voting      % of voting            
financial     date       Conversion Period rights that may be    rights                 
instrument                                 acquired if the                              
                                           instrument is                                
                                           exercised/ converted.                        
                                                                                        
                                                                                        
     N/A                                                                                
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
Total (A+B)                                                                             
                                                                                        
Number of voting rights              Percentage of voting rights                        
                                                                                        
18,271,081                           10.02%                                             
                                                                                        


 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable:                              
                                                                                        
Thornburg Investment Management holds these shares as discretionary Investment          
Manager.                                                                                
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
Proxy Voting:                                                                           
                                                                                        
10. Name of the proxy holder:                                                    N/A    
                                                                                        
11. Number of voting rights proxy holder will cease                                     
to hold:                                                                                
                                                                                 N/A    
                                                                                        
12. Date on which proxy holder will cease to hold                                       
voting rights:                                                                          
                                                                                 N/A    
                                                                                        
                                                                                        
                                                                                        
                                                                                        
13. Additional information:                                                             
                                                                                        
                                                                                        
14. Contact name:                                                                       
                                                                      Arnaldo Perez     
                                                                                        
                                                                                        
15. Contact telephone number:                                                           
                                                                       305 599 2600