News Release

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Carnival Corporation & plc Sale of Shares

In accordance with Carnival Corporation & plc's (NYSE/LSE: CCL; NYSE: CUK) previously announced Stock Swap (Plc Share Sale /Corp. Stock Repurchase) programme, Carnival Corporation & plc announces that on 9th February 2016 Carnival Investments Limited (a wholly owned subsidiary of Carnival Corporation) sold 146,000 existing ordinary shares that it held in Carnival plc at an average price of £30.218292 per share. The highest price received for the ordinary shares was £30.75 per share and the lowest price received was £29.35 per share.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Carnival Corporation (PR)'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.