MIAMI, Jan. 12 -- Carnival Cruise Lines, a unit of Carnival
Corporation (NYSE: CCL), has reported that its cruise ship Celebration
experienced a fire in an auxiliary generator at approximately midnight on
Wednesday, January 12. The fire was quickly extinguished by the vessel's
automated Halon system and initial damage assessments and repairs are
underway. There are no reported injuries to passengers or crew.

At the time of the fire, the ship was approximately 100 miles northwest of
Montego Bay, Jamaica. Electrical and propulsion power has been restored and
the Celebration is proceeding to Montego Bay under its own power with arrival
scheduled for Wednesday afternoon. From there, guests will disembark the ship
and arrangements are being made to provide them with hotel accommodations
and/or flight arrangements back to New Orleans, the ship's port of
embarkation.

The Celebration left New Orleans Sunday, January 9, 2000, carrying 1,586
guests and 667 crew on a seven-day western Caribbean voyage to Montego Bay,
Grand Cayman and Playa del Carmen/Cozumel.

Guests aboard the Celebration will receive a full refund, as well as a free
seven-day Carnival cruise.

"The safety and comfort of our guests is our highest priority. We are
making every effort to return them home as quickly as possible. We are
sincerely sorry for the disruption of our guests' vacations and hope that they
will give us another opportunity by taking us up on our offer of a free
cruise," said Carnival President Bob Dickinson.

Carnival will cancel the Celebration's January 16 departure from New
Orleans. Guests on that voyage will receive a full refund and a 50 percent
discount on a future Carnival cruise.

Carnival Cruise Lines is the largest cruise line in the world based on
passengers carried. It currently operates 14 vessels with cruises to the
Caribbean, Bahamas, Mexican Riviera, Panama Canal, Hawaii, Alaska and Canada.