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Arisons to Reduce Ownership of Carnival Corporation & plc By Up to 4%

MIAMI, Aug. 26 /PRNewswire-FirstCall/ -- Carnival Corporation & plc(NYSE: CCL; LSE)(NYSE: CUK) announced today that members of the Arison familyand certain related entities, including a charitable trust organized bymembers of the Arison family, have advised Carnival Corporation that they planto sell up to 32 million shares of Carnival Corporation Common Stock over thenext two years in market sales, representing up to approximately 4% of thetotal combined voting rights of Carnival Corporation & plc.

Of the shares planned for sale, up to 17 million shares are held eitherdirectly or indirectly by Micky Arison, the company's Chairman and ChiefExecutive Officer. If all the shares covered by the sales plan are sold, theArison family and related entities will remain beneficial owners ofapproximately 246 million shares, constituting approximately 31% of the totalcombined voting rights of Carnival Corporation & plc.

The sellers have advised Carnival Corporation that they are selling fortax planning, estate planning and diversification purposes. The charitabletrust is also selling for tax related reasons. In connection with the sales,the sellers are expected to enter into one or more sales plans under Rule10b5-1. Rule 10b5-1 permits the creation of written plans for buying orselling stock at a time when insiders are not in possession of material non-public information. Once a plan is established, the insider does not retainor exercise any discretion over sales of stock under the plan and the pre-planned trades can be executed at later dates as set forth in the plan,without regard to any subsequent material non-public information that theinsider might receive.

Note to Editors:

Carnival Corporation & plc is the largest cruise vacation group in theworld, with a portfolio of 13 cruise brands in North America, Europe andAustralia, comprised of Carnival Cruise Lines, Princess Cruises, HollandAmerica Line, Costa Cruises, P&O Cruises, Cunard Line, Windstar Cruises,Seabourn Cruise Line, Ocean Village, Swan Hellenic, AIDA, A'ROSA, and P&OCruises Australia.

Together, these brands operate 70 ships totaling more than 110,800 lowerberths with 13 new ships scheduled for delivery between now and mid-2006.Carnival Corporation & plc also operates three riverboats on Europe's DanubeRiver and the leading tour companies in Alaska and the Canadian Yukon, HollandAmerica Tours and Princess Tours. Traded on both the New York and London StockExchanges, Carnival Corporation & plc is the only group in the world to beincluded in both the S&P 500 and the FTSE 100 indices.

SOURCE Carnival Corporation & plc

CONTACT:
Media, Tim Gallagher of Carnival Corporation & plc
+1-305-599-2600, ext. 16000
or
in the UK
Sarah Tovey, or Mark Antelme, bothof Brunswick Group
+44-0-20-7404-5959, for Carnival Corporation
or
Investors
Beth Roberts of Carnival Corporation & plc
+1-305-406-4832
or
Bronwen Griffiths, +44-0-23-8052-5231, for Carnival Corporation
Web site: #
(CCL CUK)

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