Carnival in Pact for 2 New Cruise Ships

Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) today announced it has reached an agreement for the construction of two new cruise ships - a 99,000-ton ship for its Holland America Line brand and a 135,000-ton vessel for its Carnival Cruise Lines brand. A memorandum of agreement has been signed with Italian shipbuilder Fincantieri for the construction of a 2,660-passenger ship for Holland America Line scheduled for delivery in fall 2015 and a 4,000-passenger ship for Carnival Cruise Lines scheduled for delivery in winter 2016. The total cost for the two vessels combined, which includes the U.S. dollar denominated contract price and all owner's costs, will be approximately $195,000 per lower berth. The memorandum of agreement is subject to customary closing conditions, including execution of shipbuilding contracts and financing.