News Release

Transaction In Own Shares

Carnival Corporation & plc

Purchase of Shares

MIAMI (12 December 2007) -- -In accordance with Carnival Corporation & plc's (NYSE/LSE: CCL; NYSE: CUK) previously announced share buy-back programme, Carnival Corporation & plc announces that on 12 December 2007 Carnival Investments Limited, Carnival Corporation's wholly-owned subsidiary, purchased 100,000 of ordinary shares in Carnival plc at an average price of £21.577286 per share. The highest price paid was £21.75 per share and the lowest price paid was £21.46 per share.