Carnival PLC – Carnival Corporation & plc Completes Unification of Dual Listed Company Structure and Redomiciliation to Bermuda

Carnival Corporation & plc Completes Unification of Dual Listed Company
Structure and Redomiciliation to Bermuda

MIAMI, May 7, 2026 / — Carnival
Corporation (https://edge.prnewswire.com/c/link/?t=0&l=en&o=4683581
-1&h=1649985071&u=http%3A%2F%2Fwww.carnivalcorp.com%2F&a=Carnival+Corporation) (N
YSE: CCL) and Carnival plc announced today the completion of the unification of
their dual listed company structure under a single company, Carnival Corporation
Ltd. (the «Company»), with Carnival plc as a UK subsidiary of Carnival
Corporation Ltd. (the «DLC Unification»). In addition, Carnival Corporation also
migrated its jurisdiction of incorporation from the Republic of Panama to
Bermuda and changed its name to «Carnival Corporation Ltd.» (the
«Redomiciliation» and, together with the DLC Unification, the «DLC Unification
and Redomiciliation Transactions»).

Completion of the DLC Unification and Redomiciliation Transactions will deliver
a number of benefits to the Company and its shareholders, including creation of
a single global share price, streamlined governance and reporting and reduced
administrative costs. The DLC Unification and Redomiciliation Transactions are
also expected to increase liquidity and weighting in major U.S. stock indexes.
The Company believes that these benefits will strengthen its ability to deliver
long-term shareholder value.

As a result of the Redomiciliation, the shares of Carnival Corporation common
stock held by Carnival Corporation shareholders prior to the DLC Unification and
Redomiciliation Transactions now represent the same number of common shares of
Carnival Corporation Ltd. (the «Common Shares»). The Common Shares are listed on
the New York Stock Exchange (the «NYSE») under the trading symbol «CCL.»

In connection with the DLC Unification and Redomiciliation Transactions, each
Carnival plc shareholder subject to the scheme of arrangement is entitled to
receive one Common Share of Carnival Corporation Ltd. for each Carnival plc
ordinary share held as of 6:00 p.m. (BST) on May 5, 2026. The listing of
Carnival plc securities on the Official List of the UK Financial Conduct
Authority and the trading of Carnival plc securities on the London Stock
Exchange and the NYSE were cancelled today, and Carnival plc intends to
deregister its securities with the Securities and Exchange Commission. Carnival
plc will be re-registered as a private limited company shortly after completion
of the DLC Unification and Redomiciliation Transactions.

About Carnival Corporation Ltd.
Carnival Corporation is the largest global cruise company and among the largest
leisure travel companies, with a portfolio of world-class cruise lines – AIDA
Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O
Cruises, Princess Cruises and Seabourn. Carnival Corporation trades under the
ticker symbol CCL on the NYSE and is included in the S&P 500.

For more information, please
visit www (https://edge.prnewswire.com/c/link/?t=0&l=en&o=4683581
-1&h=1316458243&u=http%3A%2F%2Fwww.carnivalcorp.com%2F&a=www).carnivalcorp.com (h
ttps://edge.prnewswire.com/c/link/?t=0&l=en&o=4683581
-1&h=685956695&u=http%3A%2F%2Fwww.carnivalcorp.com%2F&a=.carnivalcorp.com), www.a
ida.de (https://edge.prnewswire.com/c/link/?t=0&l=en&o=4683581
-1&h=941122453&u=http%3A%2F%2Fwww.aida.de%2F&a=www.aida.de), www.carnival.com (ht
tps://edge.prnewswire.com/c/link/?t=0&l=en&o=4683581
-1&h=3627721567&u=http%3A%2F%2Fwww.carnival.com%2F&a=www.carnival.com), www. (htt
ps://edge.prnewswire.com/c/link/?t=0&l=en&o=4683581
-1&h=1222366831&u=http%3A%2F%2Fwww.costacruises.com%2F&a=www.)costacruise (https:
//edge.prnewswire.com/c/link/?t=0&l=en&o=4683581
-1&h=2276183196&u=http%3A%2F%2Fwww.costacruises.com%2F&a=costacruise)s (https://e
dge.prnewswire.com/c/link/?t=0&l=en&o=4683581
-1&h=1450815499&u=http%3A%2F%2Fwww.costacruises.com%2F&a=s). (https://edge.prnews
wire.com/c/link/?t=0&l=en&o=4683581
-1&h=838620056&u=http%3A%2F%2Fwww.costacruises.com%2F&a=.)com (https://edge.prnew
swire.com/c/link/?t=0&l=en&o=4683581
-1&h=2063801175&u=http%3A%2F%2Fwww.costacruises.com%2F&a=com), www.cunard.com (ht
tps://edge.prnewswire.com/c/link/?t=0&l=en&o=4683581
-1&h=1789186150&u=http%3A%2F%2Fwww.cunard.com%2F&a=www.cunard.com), www.hollandam
erica.com (https://edge.prnewswire.com/c/link/?t=0&l=en&o=4683581
-1&h=3676822734&u=http%3A%2F%2Fwww.hollandamerica.com%2F&a=www.hollandamerica.com
), www.pocruises.com (https://edge.prnewswire.com/c/link/?t=0&l=en&o=4683581
-1&h=2803817203&u=http%3A%2F%2Fwww.pocruises.com%2F&a=www.pocruises.com), www.pri
ncess.com (https://edge.prnewswire.com/c/link/?t=0&l=en&o=4683581
-1&h=2460275820&u=http%3A%2F%2Fwww.princess.com%2F&a=www.princess.com) and www.se
abourn.com (https://edge.prnewswire.com/c/link/?t=0&l=en&o=4683581
-1&h=1219364792&u=http%3A%2F%2Fwww.seabourn.com%2F&a=www.seabourn.com).

Cautionary Statement Regarding Forward-Looking Information
This document contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All
statements in this document, other than statements of historical fact, are
forward-looking statements that may be identified by the use of words
«anticipate,» «believe,» «could,» «estimate,» «expect,» «intend,» «may,» «plan,»
«potential,» «predict,» «project,» «should,» «target,» «will,» «would» and, in
each case, their negative or other various or comparable terminology. Such
forward-looking statements are based upon current beliefs, expectations and
assumptions and are subject to significant risks and uncertainties that could
cause actual results to differ materially from the results expressed in such
statements. There are a number of important factors that could cause actual
results or events to differ materially from those indicated by such forward
-looking statements, including: the parties’ ability to achieve the expected
benefits from the DLC Unification and Redomiciliation Transactions, and the
effects of industry, market, economic, political or regulatory conditions
outside of the parties’ control. Additional factors that may affect future
results are contained in Carnival Corporation Ltd.’s filings with the SEC,
including Carnival Corporation Ltd.’s most recent Annual Report on Form 10-K, as
it may be updated from time to time by quarterly reports on Form 10-Q and
current reports on Form 8-K, all of which are available at the SEC’s website
http://www.sec.gov. The information set forth herein speaks only as of the date
hereof, and, except to the extent legally required, any intention or obligation
to update any forward-looking statements as a result of developments occurring
after the date hereof is hereby disclaimed.

CONTACT: Carnival Corporation Investor Relations Contact: Beth Roberts,
[email protected]; Carnival Corporation Media Contacts: Jody Venturoni,
[email protected], Janna Rowell, [email protected]

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