Carnival Cruise Line

Company Overview

Carnival Corporation is a global cruise company with a portfolio of 12 distinct brands comprised of the leading cruise operators in both North America, Europe and Austrailia. The twelve cruise lines includes-Carnival Cruise Lines, Holland America Line, Princess Cruises, Seabourn Cruise Line, Windstar Cruises, AIDA Costa Cruises, Cunard Line, P&O Cruises, Ocean Village, Swan Hellenic, and P&O Cruises Australia . Together, these brands operate 79 ships totaling more than 137,000 lower berths with 12 new ships scheduled for delivery between January 2006 and April 2009. It also operates the leading tour companies in Alaska and the Canadian Yukon, Holland America Tours and Princess Tours.

Headquarted in Miami, Florida, U.S.A., Carnival has more than 65,000 employees worldwide. On April 17, 2003, Carnival Corporation (NYSE: CCL) and P&O Princess Cruises plc (LSE: POC) merged via a dual listed company structure (DLC). Subsequently, P&O Princess Cruises plc has changed its name to Carnival plc.

Carnival Corporation and Carnival plc function as a single economic entity through contractual agreements between two separate legal entities. Shareholders of both Carnival Corporation and Carnival plc have the same economic and voting interest but their shares are listed on different stock exchanges.

Issues

* Debt(do ratios)

* The price of fuel has risen in the past few year

Mission

Our mission is to deliver exceptional vacation experiences through the world's best-known cruise brands that cater to a variety of different lifestyles and budgets, all at an outstanding value unrivaled on land or at sea.

Objectives

* Carnival Corp is determined to deliver exceptional vacation experiences to the world's best known cruise brands that cater to a variety of different lifestyles and budgets.

* Committed to maintaining brand autonomy, with each major cruise line maintaining separate sales, marketing and reservation offices.

Corporate Governance

Principal Officers and Directors

Carnival Corporation & plc

Principal Officers

Micky Arison

Chairman of the Board and Chief Executive Officer

Howard S. Frank

Vice Chairman of the Board and Chief Operating Officer

Gerald R. Cahill

Executive Vice President and Chief Financial and Accounting Officer

Richard D. Ames

Senior Vice President, Management Advisory Services

Pamela C. Conover

Senior Vice President Shared Services

Ian J. Gaunt

Senior Vice President International

Arnaldo Perez

Senior Vice President, General Counsel and Secretary

AIDA CRUISES

Micahel Thamm

President

CARNIVAL CRUISE LINES

Robert H. Dickinson

President and Chief Executive Officer

COSTA CROCIERE S.p.A

Pier Luigi Foschi

Chairman of the Board and Chief Executive Officer

CUNARD LINE

Carol Marlow

President and Managing Director

HOLLAND AMERICA LINE

Stein Kruse

President and Chief Executive Officer

PRINCESS CRUISES

Alan Buckelew

President

P&O CRUISES AUSTRALIA

Gavin Smith

Managing