0001047469-03-021743 Sample Contracts

P&O PRINCESS DEED OF GUARANTEE
Carnival Corp • June 19th, 2003 • Water transportation • Isle of Man

This Deed of Guarantee ("Guarantee") is made on April 17, 2003 between P&O Princess Cruises plc ("P&O Princess") and Carnival for the benefit of each Creditor.

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P&O PRINCESS CRUISES INTERNATIONAL LIMITED DEED OF GUARANTEE Dated as of 19 June 2003
Carnival Corp • June 19th, 2003 • Water transportation • Isle of Man

This Deed of Guarantee ("Guarantee") is made on 19 June 2003 among P&O Princess Cruises International Limited, a limited liability company existing under the laws of England and Wales (including any successors thereto pursuant to Clause 10.1 hereof, the "Guarantor"), Carnival Corporation, a Panamanian corporation ("Carnival Corporation"), and Carnival plc (formerly known as P&O Princess Cruises plc), a public limited company existing under the laws of England and Wales ("Carnival plc"), for the benefit of each Creditor.

REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • June 19th, 2003 • Carnival Corp • Water transportation • New York

THIS REGISTRATION RIGHTS AGREEMENT (this "Agreement") is made and entered into as of April 29, 2003, by and among CARNIVAL CORPORATION, a corporation organized and existing pursuant to the laws of the Republic of Panama (the "Company"), CARNIVAL PLC, a public limited company incorporated in England and Wales in July 2000 as P&O Princess Cruises plc (the "Guarantor"), and MERRILL LYNCH & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED (the "Initial Purchaser").

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