Carnival Corporation & plc Announces Pricing of Offering of Common Stock

Carnival Corporation & plc announced that Carnival Corporation (the “Company”) has priced its previously announced underwritten public offering of 102,139,621 shares of common stock of the Company at a public offering price of $9.95 per share. The Company has granted the underwriter a 30-day option to purchase up to 15,320,943 additional shares of common stock of the Company. The offering is expected to close on July 25, 2022, subject to customary closing conditions. The Company expects to use the net proceeds from the offering for general corporate purposes, which could include addressing 2023 debt maturities.

Goldman Sachs & Co. LLC is acting as sole bookrunner and underwriter for the proposed public offering.

An effective shelf registration statement relating to these shares of common stock was filed with the U.S. Securities and Exchange Commission (“SEC”) on January 26, 2021. The common stock offering is being made only by means of a prospectus supplement and an accompanying base prospectus. A preliminary prospectus supplement and accompanying base prospectus relating to the common stock offering have been filed with the SEC and are available on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the common stock offering may be obtained from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing prospectus-ny@ny.email.gs.com.

PJT Partners is serving as independent financial advisor to the Company and Carnival plc.

This press release does not constitute an offer to sell or a solicitation of an offer to buy shares of common stock and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration and qualification under the securities laws of such state or jurisdiction. This announcement contains inside information (for the purposes of applicable UK law).

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.

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