Announcement: FUEL SUPPLEMENT UPDATE

Because of the continued rapid escalation of fuel prices, six of Carnival Corporation & plc's brands, including Princess Cruises, will increase their current fuel supplement from $7 to $9 (USD) per person per day. The fuel supplement for third and fourth passengers will increase from $2 to $4 (USD) per person per day.

The new fuel supplement will apply to all new bookings effective June 12, 2008.

The fuel supplement will not exceed $126 per person per voyage for the first and second passengers, and $56 per person per voyage for the third and fourth passengers in a stateroom.

For bookings made from April 21, 2008 to June 11, 2008, the current fuel supplement of $7 per person for the first two passengers, and $2 per person per day for the third and fourth passengers will apply.

The fuel supplement is necessitated by significant and continuing rises in fuel prices which have dramatically increased Carnival Corporation's operating costs. We hope that our passengers will understand that implementing a fuel supplement is a necessary step in today's economic environment.

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