CURRENT REPORT ON FORM 8-K

MIAMI, May 24, 2016 -- 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 20, 2016.  As described in the joint current report on Form 8-K, on May 18, 2016, in respect of all of the facilities provided under our $1.7 billion, €500 million and £150 million multi-currency revolving credit agreement, as amended and restated on June 16, 2014, by and among Carnival Corporation, Carnival plc, and certain of Carnival Corporation and Carnival plc subsidiaries, Bank of America Merrill Lynch International Limited, as Facilities Agent, Bank of America Merrill Lynch International Limited, Barclays Bank PLC, BNP Paribas, Citigroup Global Markets Limited, Goldman Sachs Bank USA, Intesa Sanpaolo S.p.A., J.P. Morgan Limited, Lloyds Bank plc, Mizuho Bank, Ltd and The Royal Bank of Scotland plc, as mandated lead arrangers, and each of the other banks or other institutions party thereto (the “Facility Agreement”), the termination date was extended from June 16, 2020 to June 16, 2021 pursuant to the extension request procedures set forth in the Facility Agreement. One lender has commitments in Tranches A, B and C (including under the swingline facilities) equivalent to approximately $100 million which will terminate automatically on June 16, 2020.

In addition, on May 18, 2016, Carnival Corporation, Carnival plc, and certain of Carnival Corporation and Carnival plc subsidiaries entered into an amendment to increase the total commitments under the Facility Agreement and add three new lenders (the “Amendment”). The new lenders which acceded to the Facility Agreement under the Amendment are KfW IPEX-Bank GmbH, Bayerische Landesbank, New York Branch and DZ BANK AG, Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, New York Branch (each a “New Lender”). Each New Lender now holds commitments under Tranche A and Tranche B. As a result of the Amendment, the Tranche A commitments were increased by $152,628,181.20 and the Tranche B commitments were increased by £18,952,247.34, for a combined increase to the total commitments in an amount equivalent to approximately $180 million. The termination date of each New Lender’s commitments is June 16, 2021.

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 http://www.morningstar.co.uk/uk/NSM. A copy of the joint current report on Form 8-K is also available on the Carnival Corporation & plc website at http://www.carnivalcorp.com/ or http://www.carnivalplc.com/.