Transaction Details

Footnotes

Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (fka P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share. | On November 25, 2025, Nickel 2025-05 Trust No. 2, a trust for the benefit of Micky Arison and his family, received 8,472,297 shares of Carnival Corporation common stock, paired with Trust Shares, in a distribution from Artsfare 2023-05 Trust No. 2 in connection with the passing of Marilyn B. Arison. | Includes Trust Shares paired with (i) 841,506 shares of Carnival Corporation common stock held by the NA 2017-08 Trust, (ii) 841,506 shares of Carnival Corporation common stock held by the KA 2017-08 Trust, (iii) 739,492 shares of Carnival Corporation common stock held by the 2022 KA Remainder Trust, (iv) 1,169,893 shares of Carnival Corporation common stock held by Nickel KA 2022 Trust #2, (v) 215,826 shares of Carnival Corporation common stock held by Nickel KA 2023 Trust #1, (vi) 509,066 shares of Carnival Corporation common stock held by Nickel KA 2024 Trust #1, (vii) 616,877 shares of Carnival Corporation common stock held by Nickel KA 2025 Trust #1, and 8,472,297 shares of Carnival Corporation common stock held by Nickel 2025-05 Trust #2. The Reporting Person disclaims beneficial ownership of the shares of Carnival Corporation common stock and paired Trust Shares held by the NA 2017-08 Trust, the KA 2017-08 Trust and the 2022 KA Remainder Trust.