News Release

Current Report on Form 8-K

MIAMI (May 20, 2011) – Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announce that its joint current report on Form 8-K was filed with the U.S. Securities and Exchange Commission on May 19, 2011. As further described in the joint current report on Form 8-K, on May 18, 2011, Carnival Corporation and Carnival plc entered into a multi-currency facility agreement with a syndicate of financial institutions. A copy of the joint current report on Form 8-K has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.Hemscott.com/nsm.do.

A copy of the joint current report on Form 8-K is also available on the Carnival Corporation & plc website at wwww.carnivalcorp.com or www.carnivalplc.com.