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Carnival Corporation & plc Reports Financial Impact of Star Princess

MIAMI, March 28, 2006 /PRNewswire-FirstCall/ -- Carnival Corporation & plc(NYSE/LSE: CCL; NYSE: CUK) announced today that in order to make permanentrepairs to the cabins affected by last week's fire on the Star Princess, theship will be taken out of service until May 15 when it will begin its Europeanseason.

In addition to the already cancelled Caribbean departures of March 26 andApril 2, cruises scheduled for April 9, 16, 23 and the April 30 transatlanticcruise are being cancelled. Passengers booked on these cruises will receive afull refund of their cruise and non-refundable air charges and a future cruisecredit equal to 25 percent of the cruise fare paid on these sailings.

Star Princess will sail this week from the Grand Bahama Shipyard inFreeport, where she currently is located, to the Lloyd Werft shipyard inBremerhaven, Germany. The ship will be back in service for its first Europeancruise, which will depart from Copenhagen on May 15.

The company estimates that the cancelled cruises and repairs to the vesselwill result in approximately a $0.04 to $0.05 reduction to the company'ssecond quarter and 2006 full year diluted earnings per share.

Carnival Corporation & plc is the largest cruise vacation group in theworld, with a portfolio of 12 cruise brands in North America, Europe andAustralia, comprised of Carnival Cruise Lines, Holland America Line, PrincessCruises, Seabourn Cruise Line, Windstar Cruises, AIDA Cruises, Costa Cruises,Cunard Line, Ocean Village, P&O Cruises, Swan Hellenic, and P&O CruisesAustralia.

Together, these brands operate 80 ships totaling approximately 139,000lower berths with 15 new ships scheduled to enter service between June 2006and fall 2009. Carnival Corporation & plc also operates the leading tourcompanies in Alaska and the Canadian Yukon, Holland America Tours and PrincessTours. Traded on both the New York and London Stock Exchanges, CarnivalCorporation & plc is the only group in the world to be included in both theS&P 500 and the FTSE 100 indices.

SOURCE Carnival Corporation

CONTACT: US: Media, Tim Gallagher of Carnival Corporation & plc,
+1-305-599-2600, ext. 16000; UK: Sophie Fitton or Sarah Lindgreen, both of
Brunswick Group, +44-20-7404-5959; Investor Relations - US-UK: Beth Roberts of
Carnival Corporation & plc, +1-305-406-4832, +44-7956-436-104

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