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Table of Contents
The DLC arrangement involves risks not associated with the more common ways of combining the operations of two companies and these risks
may have an adverse effect on the economic performance of the companies and their respective share prices.








Carnival Corporation and Carnival plc are not U.S. corporations, and our shareholders may be subject to the uncertainties of a foreign legal
system in protecting their interests.






A small group of shareholders owns a significant portion of the total combined voting power of our outstanding shares and may be able to
effectively control the outcome of shareholder voting.




Provisions in Carnival Corporation’s and Carnival plc’s constitutional documents may prevent or discourage takeovers and business
combinations that our shareholders might consider to be in their best interests.





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