REG-Carnival PLC: Carnival plc Extends Stock Share Sale & Purchase Program

CarnivalAnnouncement

31/01/2022 14:20

Carnival Corporation & plc Announces Extension of the Carnival Corporation
Common Stock Share Sale and Carnival plc Share Purchase Program

MIAMI, Jan. 31, 2022 /PRNewswire/ -- On June 28, 2021, Carnival Corporation &
plc (NYSE/LSE: CCL; NYSE: CUK) announced (the "Previous Announcement") that
Carnival Corporation had filed a prospectus supplement with the United States
Securities and Exchange Commission (the "Commission"), under which it may
offer and sell shares of its common stock (the "Shares") through its agent,
BofA Securities, Inc. (the "Agent"), having an aggregate offering price of up
to $500 million, from time to time through an "at-the-market" equity
offering program (the "Offering"). As described in the Previous Announcement,
Carnival Corporation intends to use the net proceeds from the Offering to
purchase an equivalent number of Carnival plc ordinary shares (the "Share
Purchase Program") and use the remaining net proceeds, if any, from the
Offering for general corporate purposes.

The Previous Announcement stated that the Share Purchase Program was expected
to end no later than January 31, 2022. Today, Carnival Corporation & plc
announce an extension of the Share Purchase Program until April 30, 2022,
under the same terms.

PJT Partners continues serving as independent financial advisor to Carnival
Corporation and Carnival plc.

All Carnival plc ordinary shares purchased under the Share Purchase Program
will be held by Carnival Corporation in accordance with the terms of the
articles of association of Carnival plc and will carry no voting rights for so
long as they are held by Carnival Corporation or its subsidiaries. None of the
purchased ordinary shares of Carnival plc will be cancelled or held as
treasury shares.

The Offering has been registered under the Securities Act of 1933, as
amended, pursuant to a registration statement on Form S-3 (File
Nos. 333-252433 and 333-252433-01) filed by Carnival Corporation and
Carnival plc with the Commission on January 26, 2021. The terms of the
Offering are described in the prospectus dated January 26, 2021, as
supplemented by the prospectus supplement dated June 28, 2021.

This Announcement shall not constitute an offer to sell or the solicitation of
an offer to buy any Shares under the Selling Agreement (as defined below) nor
shall there be any sale of such Shares in any state in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state. In connection with the Offering,
on June 28, 2021, Carnival Corporation and Carnival plc entered into a
selling agreement (the "Selling Agreement") with the Agent. The Selling
Agreement contains customary representations, covenants and indemnification
provisions. A copy of the Selling Agreement is attached as Exhibit 1.1 to the
Current Report on Form 8-K filed by Carnival Corporation and Carnival plc with
the Commission on June 28, 2021, and the descriptions of the material terms
of the Selling Agreement in this Announcement are qualified in their entirety
by reference to such Exhibit.

A copy of the prospectus supplement is available for inspection
at www.morningstar.co.uk/uk/NSM. A copy of the prospectus supplement and the
Current Report is also available in the Investor Relations section of the
Carnival Corporation & plc website
at wwww.carnivalcorp.com or www.carnivalplc.com, within SEC Filings under
the Financial Information section.

CONTACT: MEDIA CONTACT: Roger Frizzell, 001 305 406 7862, INVESTOR RELATIONS
CONTACT: Beth Roberts, 001 305 406 4832



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