Investor Relations

News Release

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Transaction in Own Shares

Carnival Corporation & plc

Purchase of Shares

MIAMI (1 August 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 31 July 2007 Carnival Investments Limited, Carnival Corporation's wholly-owned subsidiary, purchased 50,000 of ordinary shares in Carnival plc at an average price of £21.5321 per share. The highest price paid was £21.65 per share and the lowest price paid was £21.31 per share.

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

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