REG-Carnival PLC: Carnival identifies ransomware incident

CarnivalAnnouncement

18/08/2020 07:05

CARNIVAL CORPORATION & PLC IDENTIFIES RANSOMWARE INCIDENT

Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announce that its joint
current report on Form 8-K was filed with the U.S. Securities and Exchange
Commission on August 17, 2020 disclosing the following matter.

On August 15, 2020, Carnival Corporation and Carnival plc (together, the
“Company,” “we,” “us,” or “our”) detected a ransomware attack
that accessed and encrypted a portion of one brand’s information technology
systems. The unauthorized access also included the download of certain of our
data files. 

Promptly upon its detection of the security event, the Company launched an
investigation and notified law enforcement, and engaged legal counsel and
other incident response professionals. While the investigation of the incident
is ongoing, the Company has implemented a series of containment and
remediation measures to address this situation and reinforce the security of
its information technology systems. The Company is working with
industry-leading cybersecurity firms to immediately respond to the threat,
defend the Company’s information technology systems, and conduct
remediation.

Based on its preliminary assessment and on the information currently known (in
particular, that the incident occurred in a portion of a brand’s information
technology systems), the Company does not believe the incident will have a
material impact on its business, operations or financial results. Nonetheless,
we expect that the security event included unauthorized access to personal
data of guests and employees, which may result in potential claims from
guests, employees, shareholders, or regulatory agencies. Although we believe
that no other information technology systems of the other Company’s brands
have been impacted by this incident based upon our investigation to date,
there can be no assurance that other information technology systems of the
other Company’s brands will not be adversely affected.

MEDIA
CONTACT                                                                            
  INVESTOR RELATIONS CONTACT

Roger
Frizzell                                                                                          
Beth Roberts

001 305 406
7862                                                                                 
   001 305 406 4832

The Form 8-K is available for viewing on the SEC website at www.sec.gov under
Carnival Corporation or Carnival plc or the Carnival Corporation & plc website
at www.carnivalcorp.com or www.carnivalplc.com.

Carnival Corporation & plc is one of the world’s largest leisure travel
companies with a portfolio of nine of the world’s leading cruise lines. With
operations in North America, Australia, Europe and Asia, its portfolio
features – Carnival Cruise Line, Princess Cruises, Holland America
Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O
Cruises (UK) and Cunard.

Additional information can be found on www.carnivalcorp.com,
www.carnivalsustainability.com, www.carnival.com, www.princess.com,
www.hollandamerica.com, www.pocruises.com.au, www.seabourn.com,
www.costacruise.com, www.aida.de, www.pocruises.com and www.cunard.com.

Cautionary Note Concerning Factors That May Affect Future Results

Carnival Corporation and Carnival plc and their respective subsidiaries are
referred to collectively in this Current Report on Form 8-K (collectively,
this “document”), as “Carnival Corporation & plc,” “our,” “us”
and “we.” Some of the statements, estimates or projections contained in
this document are “forward-looking statements” that involve risks,
uncertainties and assumptions with respect to us, including some statements
concerning future results, operations, outlooks, plans, goals, reputation,
cash flows, liquidity and other events which have not yet occurred. These
statements are intended to qualify for the safe harbors from liability
provided by Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. All statements other than statements of
historical facts are statements that could be deemed forward-looking. These
statements are based on current expectations, estimates, forecasts and
projections about our business and the industry in which we operate and the
beliefs and assumptions of our management. We have tried, whenever possible,
to identify these statements by using words like “will,” “may,”
“could,” “should,” “would,” “believe,” “depends,”
“expect,” “goal,” “anticipate,” “forecast,” “project,”
“future,” “intend,” “plan,” “estimate,” “target,”
“indicate,” “outlook,” and similar expressions of future intent or the
negative of such terms.

Forward-looking statements include those statements that relate to our outlook
and financial position including, but not limited to, statements regarding:

 * Net revenue yields                                              * Estimates of ship depreciable lives and residual values                                                  
 * Booking levels                                                  * Goodwill, ship and trademark fair values                                                                 
 * Pricing and occupancy                                           * Liquidity                                                                                                
 * Interest, tax and fuel expenses                                 * Adjusted earnings per share                                                                              
 * Currency exchange rates                                         * Impact of the COVID-19 coronavirus global pandemic on our financial condition and results of operations  
 * Net cruise costs, excluding fuel per available lower berth day  

Because forward-looking statements involve risks and uncertainties, there are
many factors that could cause our actual results, performance or achievements
to differ materially from those expressed or implied by our forward-looking
statements. This note contains important cautionary statements of the known
factors that we consider could materially affect the accuracy of our forward
looking statements and adversely affect our business, results of operations
and financial position. Additionally, many of these risks and uncertainties
are currently amplified by and will continue to be amplified by, or in the
future may be amplified by, the COVID-19 outbreak. It is not possible to
predict or identify all such risks. There may be additional risks that we
consider immaterial or which are unknown. These factors include, but are not
limited to, the following:
* COVID-19 has had, and is expected to continue to have, a significant impact
on our financial condition and operations, which impacts our ability to obtain
acceptable financing to fund resulting reductions in cash from operations. The
current, and uncertain future, impact of the COVID-19 outbreak, including its
effect on the ability or desire of people to travel (including on cruises), is
expected to continue to impact our results, operations, outlooks, plans,
goals, growth, reputation, litigation, cash flows, liquidity, and stock price
* As a result of the COVID-19 outbreak, we have paused our guest cruise
operations, and if we are unable to re-commence normal operations in the
near-term, we may be out of compliance with a maintenance covenant in certain
of our debt facilities as of May 31, 2021
* World events impacting the ability or desire of people to travel may lead to
a decline in demand for cruises 
* Incidents concerning our ships, guests or the cruise vacation industry as
well as adverse weather conditions and other natural disasters may impact the
satisfaction of our guests and crew and lead to reputational damage
* Changes in and non-compliance with laws and regulations under which we
operate, such as those relating to health, environment, safety and security,
data privacy and protection, anti-corruption, economic sanctions, trade
protection and tax may lead to litigation, enforcement actions, fines,
penalties, and reputational damage
* Breaches in data security and lapses in data privacy as well as disruptions
and other damages to our principal offices, information technology operations
and system networks and failure to keep pace with developments in technology
may adversely impact our business operations, the satisfaction of our guests
and crew and lead to reputational damage   
* Ability to recruit, develop and retain qualified shipboard personnel who
live away from home for extended periods of time may adversely impact our
business operations, guest services and satisfaction
* Increases in fuel prices, changes in the types of fuel consumed and
availability of fuel supply may adversely impact our scheduled itineraries and
costs 
* Fluctuations in foreign currency exchange rates may adversely impact our
financial results
* Overcapacity and competition in the cruise and land-based vacation industry
may lead to a decline in our cruise sales, pricing and destination options 
* Geographic regions in which we try to expand our business may be slow to
develop or ultimately not develop how we expect 
* Inability to implement our shipbuilding programs and ship repairs,
maintenance and refurbishments may adversely impact our business operations
and the satisfaction of our guests
The ordering of the risk factors set forth above is not intended to reflect
our indication of priority or likelihood.

Forward-looking statements should not be relied upon as a prediction of actual
results. Subject to any continuing obligations under applicable law or any
relevant stock exchange rules, we expressly disclaim any obligation to
disseminate, after the date of this document, any updates or revisions to any
such forward-looking statements to reflect any change in expectations or
events, conditions or circumstances on which any such statements are based.



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