Directorate Change

Carnival Corporation & plc To Split Roles Of Chairman And CEO MIAMI, June 25, 2013 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK)today announced its plan to split the roles of chairman and chief executiveofficer. Micky Arison will continue to serve as Chairman of the Board of thecompany and Arnold W. Donald, a highly experienced and respected businessleader who has served on the company's board for the past 12 years, will assumethe CEO role effective July 3. Arison became CEO in 1979. At that time the company was privately held andoperated three cruise ships under one brand, generating $44 million in revenuesand carrying approximately 160,000 passengers a year. By 1987, Carnival CruiseLines had become the world's largest cruise operator and Arison took thecompany public. Working in partnership with current vice chairman and COOHoward Frank, Arison led the company through an aggressive expansion thatincluded the acquisition of several iconic cruise brands, including HollandAmerica Line, Costa Cruises, Cunard and Seabourn. In 2003, a merger betweenCarnival Corporation and P&O Princess Cruises plc - comprised of PrincessCruises, P&O Cruises (UK), P&O Cruises (Australia), and German cruise brandAIDA - was completed, creating the first global cruise operator and one of thelargest leisure travel companies in the world. In addition, the companyundertook an ambitious schedule of new ship introductions. Under Arison'sleadership, Carnival Corporation & plc has grown to more than 100 ships,carrying 10 million passengers a year and generating more than $15 billion inannual revenues. In his role as chairman, Arison will continue to provide board level oversightfor the company and will remain the company's largest shareholder. Donald willlead the executive team, initially focusing on achieving the company'slong-term strategic goals while working directly with the operating brandexecutives. Frank will continue to serve in his current role as vice chairmanand COO of the company, supporting Donald in working with the corporate levelexecutive team. The move has received unanimous approval from the company'snominating and governance committee as well as the full board of directors. "I have been discussing this with the board for some time now and feel thetiming is right to align our company with corporate governance best practicesand turn over the reins after 34 years as CEO," said Arison. "Arnold is anexceptional professional with extensive experience in organizational leadershipwho will bring a fresh perspective to the company. I have come to value andrely on his judgment and insight during the 12 years he has served on thecompany's board and I am very confident in his ability to move the organizationforward." Arison added, "As chairman, I will still be working closely withArnold to ensure a great future for all our stakeholders." Donald's expansive career includes numerous global leadership roles including alarge publicly traded company, private equity firms, governmental appointmentsand large not-for-profits as well as serving on boards of directors oncompanies across many business sectors. He has a strong working knowledge ofthe cruise business gained through 12 years serving on the Carnival board.Donald founded and led Merisant, a company whose products include tabletopsweetener brands Equal and Canderel. He also held multiple senior managementroles at Monsanto over the course of 20-plus years, including president of thecompany's consumer and nutrition sector and president of its agriculturalsector. Additionally, Donald is former president and CEO of the ExecutiveLeadership Council, a professional network and leadership forum forAfrican-American executives of Fortune 500 companies. Donald has also heldroles within a number of civic and charitable organizations including servingas president and CEO of the Juvenile Diabetes Research FoundationInternational. Donald also currently serves on the board of Bank of AmericaCorporation. He will continue to serve on Carnival's board of directors butwill relinquish his committee roles. "I am honored and privileged to have this opportunity to lead the next stage ofgrowth for Carnival Corporation & plc," said Donald. "As a board member, I havecome to know Micky, Howard and the company well. I have a first-handappreciation of what it has taken to develop this highly successful business,an understanding for the dynamics and challenges we face, and a great deal ofconfidence in the company's management team and their ability to execute. Ihave enormous respect for Micky as a visionary in our industry, and as thebuilder and leader of Carnival. I have come to know many of the talentedprofessionals who work within Carnival during my time on the board and I lookforward to working with the company's many stakeholders including our 90,000employees, 10 million guests, thousands of travel agent partners, vendors andshareholders around the globe." Carnival Corporation & plc is the largest cruise company in the world, with aportfolio of cruise brands in North America, Europe, Australia and Asia,comprised of Carnival Cruise Lines, Holland America Line, Princess Cruises,Seabourn, AIDA Cruises, Costa Cruises, Cunard, Ibero Cruises, P&O Cruises(Australia) and P&O Cruises (UK). Together, these brands operate 102 ships totaling 209,000 lower berths withseven new ships scheduled to be delivered between May 2014 and April 2016.Carnival Corporation & plc also operates Holland America Princess Alaska Tours,the leading tour company in Alaska and the Canadian Yukon. Traded on both theNew York and London Stock Exchanges, Carnival Corporation & plc is the onlygroup in the world to be included in both the S&P 500 and the FTSE 100 indices. SOURCE Carnival Plc CONTACT: MEDIA CONTACT, Jennifer de la Cruz, 1 305 599 2600, ext. 16000;INVESTOR RELATIONS CONTACT, Beth Roberts, 1 305 406 4832