AIDA’s Thamm to succeed Foschi as Costa Crociere CEO

Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) and its subsidiary Costa Crociere report that Michael Thamm, currently serving as president of Germany-based AIDA Cruises, has been appointed CEO of the Costa group, which includes Costa Cruises and AIDA Cruises, as well as Spanish cruise operator Ibero Cruises.

Mr. Thamm will also serve on Costa’s board of directors. He will relocate to Genoa, Italy, and in his new role will report to Costa’s board of directors, which includes Micky Arison and Howard Frank, Carnival Corporation & plc’s chairman and CEO, and vice chairman and chief operating officer, respectively.

Mr. Thamm will succeed Pier Luigi Foschi, who will retire as Costa CEO effective July 1, 2012.

Mr. Foschi, 65, will remain as chairman and a managing director of the Costa group and remain on the board of directors of Carnival Corporation & plc.

The moves are part of a long-term succession plan which included the scheduled retirement of Mr. Foschi once he reached the age of 65.

Longtime AIDA senior executive Michael Ungerer has been named AIDA Cruises’ president and Gianni Onorato will continue in his role as president of the Costa Cruises brand.

All of the various appointments are subject to approval by Costa’s board.

April 25, 2012