Carnival International : INSIDE INFORMATION

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Carnival Group International Holdings Limited 嘉年華國際控股有限公司

(Incorporated in Bermuda with limited liability)

(Stock code : 00996)

USD180,000,000 10.0% SENIOR BONDS DUE 2021

(Stock code: 05619) (the "Senior Bonds")

INSIDE INFORMATION

This announcement is made by Carnival Group International Holdings Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"), the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rules 13.10 and 37.47 of the Listing Rules.

Reference is made to the announcements of the Company dated 3 March 2016, 16 March 2016, 23 March 2016, 21 November 2018, 6 December 2018, 21 December 2018, 14 January 2019, 13 February 2019, 23 January 2020, 14 February 2020, 6 March 2020, 11 March 2020, 27 March 2020, 6 April 2020 and 11 December 2020 (the "Announcements") in relation to, among others, the issuance of the USD180,000,000 8% senior bonds due 2019 (which the maturity date has been extended to 22 March 2021 and the interest rate has been amended from 8.0% per annum to 10.0% per annum on 21 November 2018) and the Winding Up Petitions received by the Company. Unless otherwise defined, capitalised terms used herein but not otherwise defined shall have the meaning ascribed to them in the Announcements.

Non-payment of principal and interests on the Senior Bonds constitutes default

Pursuant to the terms and conditions of the Senior Bonds, the Senior Bonds will mature on 22 March 2021 (the "Maturity Date"), and accordingly, the Company is required to pay the principal amount and accrued interests on the Senior Bonds on such date. As the Company is undergoing debt restructuring and is still negotiating the terms with its creditors, there will be no concrete repayment plans on the Maturity Date, and the non-payment of principal amounts and accrued interests of the Senior Bonds constitutes default under the terms of the Senior Bonds.

Upon the maturity of the Senior Bonds on the Maturity Date, the Senior Bonds will be delisted from the Stock Exchange.

Further Information

Holders of the Senior Bonds requiring further information in connection with the Senior Bonds may contact the Company atkatiechan@0996.com.hk.

CONTINUED SUSPENSION OF TRADING OF THE SENIOR BONDS

Trading in the Senior Bonds on the Stock Exchange has been suspended since 9:00 a.m. on 13 March 2020 and will remain suspended until the Maturity Date, upon such time the Senior Bond will be delisted from the Stock Exchange.

Shareholders and potential investors of the Company are advised to exercise caution in dealing in the securities of the Company.

By order of the board

Carnival Group International Holdings Limited

Luo Jiaqi

Executive Director

Hong Kong, 19 March 2021

The Board, as at the date of this announcement, comprises Mr. Luo Jiaqi, Mr. Tin Ka Pak and Mr. Tang Runtao as executive Directors, and Mr. Chau Wai Hing, Mr. Ma Hang Kon Louis and Mr. Tso Hon Sai Bosco as independent non-executive Directors.