McNulty Appointed to Carnival Board

McNulty Appointed To Carnival Corporation & plc Boards Of Directors 
 
    MIAMI, June 26 -- Carnival Corporation & plc  
(NYSE: CCL; LSE) (NYSE: CUK) announced today that John McNulty, a former 
Goldman Sachs & Co. executive, has been appointed to its boards of directors 
McNulty will serve in a non-executive capacity on Carnival Corporation & 
Carnival plc's boards effective immediately, bringing membership of the boards 
to 14, of which eight are non-executive directors. 
    Commenting on the appointments, Micky Arison, Carnival Corporation & plc 
chairman and CEO said:  
    "John McNulty is a highly respected and qualified individual and his 
appointment further strengthens the boards of Carnival Corporation & plc and 
underlines our commitment to both our US and UK shareholders. We look forward 
to his valuable input and guidance in the operation of our dual listed 
company."  
    McNulty, a former member of Goldman Sachs' management committee, retired 
in July 2001 after a 22-year career and was then named a senior director with 
the firm.  During his career at Goldman Sachs, McNulty held a number of senior 
positions, including head of its investment management division.  Under his 
leadership, Goldman Sachs built its global investment management business 
significantly with assets under management increasing from $50 billion to more 
than $300 billion.  
    McNulty currently serves on the board of directors of Allied World 
Assurance Holdings, Ltd. 
      
    Carnival Corporation & plc is the largest cruise vacation group in the 
world, with a portfolio of 13 cruise brands in North America, Europe and 
Australia, comprised of Carnival Cruise Lines, Princess Cruises, Holland 
America Line, Costa Cruises, P&O Cruises, Cunard Line, Windstar Cruises, 
Seabourn Cruise Line, Ocean Village, Swan Hellenic, AIDA, A'ROSA, and P&O 
Cruises Australia.  
 
    Together, these brands operate 68 ships totaling more than 105,800 lower 
berths with 15 new ships scheduled for delivery between now and mid-2006. 
Carnival Corporation & plc also operates three riverboats on Europe's Danube 
River and the leading tour companies in Alaska and the Canadian Yukon, Holland 
America Tours and Princess Tours. Traded on both the New York and London Stock 
Exchanges, Carnival Corporation & plc is the only group in the world to be 
included in both the S&P 500 and the FTSE 100 indices.  
 
SOURCE  Carnival Corporation & plc 
    -0-                             06/26/2003 
    /CONTACT:  Media, in the US, Tim Gallagher, Carnival Corporation & plc,  
[phone], ext. 16000; or in the UK, Sophie Fitton or Sarah Tovey, both 
of Brunswick Group, 44-0-20-7404-5959, for Carnival; or Investors, in the US 
and UK, Beth Roberts, Carnival Corporation & plc, [phone], or  
44-0-79-5643-6104, or in the UK, Bronwen Griffiths, 44-0-23-8052-5231, for 
Carnival/ 
    /Web site:  http://www.carnivalcorp.com/ 
    (CCL CUK)