Director Shareholding

FOR IMMEDIATE RELEASE DIRECTORS SHAREHOLDING MIAMI (Aug. 28, 2003) - On Aug. 27, 2003, Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) was notified that on Aug. 27, 2003, Stuart Subotnick, a non-executive member of Carnival Corporation & plc's boards of directors, had disposed of 58,000 shares of Carnival Corporation common stock which he held directly or indirectly at an average price of $34.4638 (USD). Following the transaction, Subotnick owns 2,000 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 Stuart Subotnick 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. ###

Companies

Carnival (CCL)
UK 100