Re Agreement

Carnival Corporation & plc Finalizes Agreement with St. Maarten Government and 
          the Port of St. Maarten for New Two-Berth Cruise Ship Pier 
 
    MIAMI, Aug. 22 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) 
today finalized an agreement with the government of St. Maarten and the Port of 
St. Maarten to provide funding to support the construction of a new two-berth 
cruise ship pier on the island of St. Maarten.   
    The new docking facility, combined with the island's existing four-berth 
pier, will make St. Maarten one of the largest cruise ports in the Caribbean, 
with six dedicated cruise berths.  
    "St. Maarten is truly a preeminent island destination in the Caribbean," 
said Howard Frank, Carnival Corporation & plc vice chairman. "Further 
enhancing the island's cruise ship facilities is a winning proposition for 
everyone with the end result being greater economic benefit for St. Maarten 
and an expanded number of consumers introduced to the exceptional beauty and 
charm of this superb location." 
    Under the agreement, Carnival Corp. has provided financing of US$34.5 
million for construction of a new pier and has guaranteed a certain number of 
passengers to the island. The new pier will be able to accommodate two post-
Panamax cruise ships.  Carnival will enjoy preferential berthing rights at the 
new facility for the 20-year period of the agreement. Eight of Carnival 
Corporation & plc's 10 cruise brands, including three of its European brands, 
will call on St. Maarten. 
    "St. Maarten offers exceptional opportunities for our cruise guests, given 
its unique history and culture, myriad sightseeing opportunities and stunning 
beaches," said Frank.  "We are truly pleased to be playing a role in the 
expansion of the island's cruise ship facilities." 
    "Carnival and the Port of St. Maarten have enjoyed an excellent 
relationship over the years. We're very pleased to build upon this partnership 
with a larger and enhanced facility that will provide cruise guests with even 
more opportunities to experience all that this fantastic destination has to 
offer," said Theo Heyliger, commissioner of the Port of St. Maarten.   
    Construction on the new pier is scheduled to begin in December and 
completed by 2009. 
 
    Carnival Corporation & plc is the largest cruise vacation group in the 
world, with a portfolio of cruise brands in North America, Europe and 
Australia, comprised of Carnival Cruise Lines, Holland America Line, Princess 
Cruises, Seabourn Cruise Line, AIDA Cruises, Costa Cruises, Cunard Line, Ocean 
Village, P&O Cruises and P&O Cruises Australia. 
    Together, these brands operate 82 ships totaling 154,000 lower berths with 
17 new ships scheduled to enter service between December 2007 and June 2011. 
Carnival Corporation & plc also operates Holland America Tours and Princess 
Tours, the leading tour companies 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 Corporation & plc 
    -0-                             08/22/2007 
    /CONTACT:  Media: US, Tim Gallagher or Jennifer de la Cruz, both of 
Carnival Corporation & plc, [phone], ext. 16000; or UK, Richard 
Jacques or Sophie Brand, both of Brunswick Group, [phone]; or 
Investor Relations: Beth Roberts of Carnival Corporation & plc,  
[phone]/ 
    /Web site:  http://www.carnivalcorp.com/ 
    (CCL CUK)