Director/PDMR Shareholding

DIRECTOR/PDMR SHAREHOLDING                           

MIAMI (August 30, 2005) - On August 26, 2005, Carnival Corporation & plc (NYSE/
LSE: CCL; NYSE: CUK) was notified that on August 26, 2005, Mrs Alison
Ratcliffe, spouse of Mr Peter Ratcliffe, Chief Executive Officer of P&O
Princess Cruises International and a member of Carnival Corporation & plc's
boards of directors, sold 14,432 ordinary shares of US$1.66 each in Carnival
plc held in her name at a price of £29.45 per share. Following this
transaction, Mr Ratcliffe continues to hold directly or indirectly 17,974
shares of Carnival Corporation common stock.

Further details and a copy of the Form 4, Statement of Changes in Beneficial
Ownership of Securities, filed today by Mr Ratcliffe with the U.S. Securities &
Exchange Commission, can be found at the SEC web site, www.sec.gov, and the
Carnival Corporation & plc web sites, www.carnivalcorp.com and 
www.carnivalplc.com.

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