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/.