Investor Relations

News Release

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Purchase of Shares

MIAMI (20 July 2006) - In accordance with Carnival Corporation & plc's (NYSE/ LSE: CCL; NYSE: CUK) previously announced share buy-back programme, Carnival Corporation & plc announces that on 19 July 2006 Carnival Investments Limited, Carnival Corporation's wholly-owned subsidiary, purchased 100,000 of ordinary shares in Carnival plc at an average price of £21.0697 per share. The highest price paid was £21.33 per share and the lowest price paid was £20.90 per share.

This notification relates to disclosures made in accordance with Financial Services Authority Listing Rule 12.4.6R.

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