We report observation of an exceptional point in circular shell ultrasonic cavities in both theory and experiment. In our theoretical analysis we first observe two interacting mode groups, fluid- and solid-based modes, in the acoustic cavities and then show the existence of an EP of these mode groups exhibiting a branch-point topological structure of eigenfrequencies around the EP. We then confirm the mode patterns as well as eigenfrequency structure around the EP in experiments employing the schlieren method, thereby demonstrating utility of ultrasound cavities as experimental platform for investigating non-Hermitian physics.