CARNIVAL PLC: Carnival Announces Stock Repurchase Program

Carnival Corporation & plc Announces Carnival plc Share Sale and Carnival  
                           Corporation Stock Repurchase Program  
MIAMI, Jan. 31, 2013 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) 
that Carnival Corporation and Carnival Investments Limited, a wholly owned 
subsidiary of Carnival 
Corporation, intend to sell existing Carnival plc ordinary shares that they 
hold in 
the UK market ("Share Sales"). The ordinary shares will be sold from time to 
time in the UK in "at 
the market" transactions at times when the Carnival Corporation common stock is 
trading at a 
discount to Carnival plc shares. Carnival Corporation & plc intends to use the 
net proceeds of the 
Carnival plc Share Sales to repurchase Carnival Corporation common stock on at 
least an 
equivalent basis in the U.S. market ("Stock Swap Repurchase"), and to use the 
remaining net 
proceeds, if any, for general corporate purposes. Carnival Corporation & plc 
only intends to trade 
where it will derive an economic benefit from the Carnival plc Share Sales and 
Corporation Stock Swap Repurchase program. 
Depending on market conditions, Carnival Corporation and Carnival Investments 
over time will sell up to 32,000,000 ordinary shares of Carnival plc in this 
Under the terms of the articles of association of Carnival plc the ordinary 
sold by Carnival Corporation and Carnival Investments Limited will, once held 
of the Carnival Corporation group, become re-enfranchised for voting purposes.   
Carnival plc has filed a registration statement on Form S-3ASR (including a 
prospectus) with the 
U.S. Securities and Exchange Commission (the "SEC") in relation to the Share 
Sales program, 
for U.S. regulatory purposes.  Interested parties should read the prospectus in 
that registration 
statement and the other documents that Carnival Corporation & plc have filed 
with the SEC that 
are incorporated by reference into the prospectus for more complete information 
about Carnival 
Corporation & plc and this program. These documents are available at no charge 
by visiting 
EDGAR on the SEC Web site at . You may also request a copy of the 
for this offering, and the documents incorporated by reference into the 
prospectus from Carnival 
Corporation & plc, without charge, upon written or oral request. Requests for 
such copies should 
be directed to the following:  
3655 N.W. 87TH AVENUE
MIAMI, FLORIDA 33178-2428
TELEPHONE:  (305) 599-2600, EXT.  18018.  
This press release shall not constitute an offer to sell or the solicitation of 
an offer to buy nor shall 
there be any sale of these securities in any jurisdiction in which such offer, 
solicitation or sale 
would be unlawful prior to registration or qualification under the securities 
laws of any such 
Carnival Corporation & plc is the largest cruise company in the world, with a 
portfolio 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 100 ships totaling 203,000 lower berths with 
nine new ships 
scheduled to be delivered between March 2013 and March 2016. Carnival 
Corporation & plc also 
operates Holland America Princess Alaska Tours, the leading tour company in 
Alaska and the 
Canadian Yukon. Traded on both the New York and London Stock Exchanges, 
Corporation & plc is the only group in the world to be included in both the S&P 
500 and the FTSE 
100 indices.  
Caution Concerning Forward-Looking Statements
This release includes certain forward-looking statements within the meaning of 
the Private 
Securities Litigation Reform Act of 1995. These statements are based on 
management's current 
expectations or beliefs, and are subject to uncertainty and changes in 
circumstances. Actual 
results may vary materially from those expressed or implied by the statements 
herein due to 
changes in economic, business, competitive, technological, strategic and/or 
regulatory factors, 
and other factors affecting the operations of Carnival Corporation & plc. More 
detailed information 
about these factors may be found in filings by Carnival Corporation & plc with 
the SEC, including 
their most recent joint Annual Report on Form 10-K and joint Quarterly Reports 
on Form 10-Q. 
Carnival Corporation & plc are under no obligation to, and expressly disclaim 
any such obligation 
to, update or alter their forward-looking statements, whether as a result of 
new information, future 
events, or otherwise.  
CONTACT: Jennifer De La Cruz, +1-305-599-2600, ext. 16000; or INVESTOR 
Beth Roberts, +1-305-406-4832 
-0- Jan/31/2013 14:28 GMT
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