CARNIVAL CORPORATION Shares of Common Stock ($.01 par value) and the paired trust shares of beneficial interest in P&O Princess Special Voting Trust Underwriting AgreementCarnival PLC • February 24th, 2021 • Water transportation • New York
Carnival Corporation, a corporation duly organized and existing under the laws of the Republic of Panama (the “Company”), proposes to issue and sell to the underwriter listed in Schedule 1 hereto (the “Underwriter”), an aggregate of 40,450,619 shares (the “Shares”) of common stock of the Company, par value $0.01 per share (the “Common Stock”). The shares of common stock of the Company to be outstanding after giving effect to the sale of the Shares are referred to herein as the “Stock”. Upon each issuance of Shares hereunder, recipients will receive both Shares and an equivalent number of trust shares representing beneficial interest in the P&O Princess Special Voting Trust (the “P&O Trust Shares”). The P&O Trust Shares represent a beneficial interest in the special voting share of Carnival plc, a company incorporated and registered under the laws of England and Wales (“Carnival plc”). As a result of the dual listed company transaction between the Company and Carnival plc, one P&O Trust
