DIRECTORS’ SHAREHOLDING

FOR IMMEDIATE RELEASE - UK ONLY

                            DIRECTORS' SHAREHOLDING                            

MIAMI (August 2, 2005) - On August 1, 2005, Carnival Corporation & plc (NYSE/
LSE: CCL; NYSE: CUK) authorized a grant of 80,000 options (the "Options") to
purchase common stock of Carnival Corporation (the "Shares") and 40,000 shares
of restricted common stock of Carnival Corporation to Robert H. Dickinson,
President and Chief Executive Officer of Carnival Cruise Lines and a member of
Carnival Corporation & plc's boards of directors, pursuant to the Carnival
Corporation 2002 Stock Plan and the terms of a Long-Term Executive Incentive
Agreement between Dickinson and Carnival Corporation.

The Options become exercisable on a pro-rata basis over a five-year period
beginning on the first anniversary of the date of grant. The exercise price of
US$52.185 per Share is based on the average of the high and low sales prices of
one Share on August 1, 2005 on the New York Stock Exchange. The restricted
common stock will be released from restriction on August 1, 2010, the fifth
anniversary of the date of grant.

A. Kirk Lanterman, non-executive director of Carnival Corporation & plc
notified Carnival Corporation & plc of an August 1, 2005 gift of 4,000 shares
of Carnival Corporation common stock to two educational institutions.

Following this grant, Dickinson holds directly or indirectly 361,000 shares,
and 592,000 options to acquire shares, of Carnival Corporation common stock.
Following these transactions, Lanterman continues to hold directly or
indirectly 158,691 shares of Carnival Corporation common stock.

Further details and a copy of the Form 4, Statement of Changes in Beneficial
Ownership of Securities, to be filed today by Dickinson and Lanterman 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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