Carnival Dividend Reinvestment Plan

Carnival Corporation Dividend Reinvestment Plan 
 
    MIAMI, June 27 -- As a technical requirement, Carnival 
Corporation & plc (NYSE: CCL, LSE)(NYSE: CUK) announces that it has filed with 
the U.S. Securities and Exchange Commission a joint registration statement on 
Form S-3 (the "Filing") today for the registration of Carnival Corporation 
common stock and the trust shares of beneficial interest in the P&O Princess 
Special Voting Trust, representing a beneficial interest in the Carnival plc 
Special Voting Share and which are paired with Carnival Corporation's common 
stock, in connection with Carnival Corporation's Automatic Dividend 
Reinvestment Plan (the "Plan").  The Plan now reflects recent amendments made 
by the board of Carnival Corporation to increase the number of newly 
authorized shares issuable thereunder to 1,000,000 and to have such number of 
shares equitably adjusted to take account of changes in the share capital of 
Carnival Corporation, such as stock splits, combinations, reclassifications 
and stock dividends.  
    The full Filing is available for viewing on the SEC website at www.sec.gov 
under Carnival Corporation or Carnival plc, the Carnival Corporation website 
at www.carnivalcorp.com and the Carnival plc website at www.carnivalplc.com.     
    A copy will shortly be available for inspection at UKLA Document Viewing 
Facility of the Financial Services Authority at 25 The North Colonnade, London 
E14 5HS. 
    A copy of the Plan prospectus can be obtained by contacting Investor 
Relations, Carnival Corporation & plc, 3655 N.W. 87th Avenue, Miami, Florida  
33178-2428, telephone: [phone]. 
    Carnival Corporation & plc is the largest cruise vacation group in the 
world, with a portfolio of 13 distinct brands comprised of the leading cruise 
operators in both North America and Europe.  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 are all included in this group. 
Together, these brands operate 68 ships totalling 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-                             06/27/2003 
    /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) 
 
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