News Release

Transaction In Own Shares

MIAMI (5 September 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 4 September 2007 Carnival Investments Limited, Carnival Corporation's wholly-owned subsidiary, purchased 100,000 of ordinary shares in Carnival plc at an average price of £22.2877 per share. The highest price paid was £22.51 per share and the lowest price paid was £21.90 per share. This notification relates to disclosures made in accordance with Financial Services Authority Listing Rule 12.4.6R.