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Carnival Corporation & plc Reports Financial Impact of Hurricane Jeanne

MIAMI, Sept. 28, 2004 /PRNewswire-FirstCall/ -- Carnival Corporation & plc(NYSE: CCL; LSE)(NYSE: CUK) today announced that it estimates the financialimpact of Hurricane Jeanne on its fourth quarter earnings will beapproximately $0.02 per share.

This is in addition to a previously announced impact of $0.03 to $0.04 pershare as a result of Hurricanes Frances and other hurricanes earlier thismonth.

Like Hurricane Frances, Hurricane Jeanne closed several south and centralFlorida ports, forcing Carnival to shorten the itineraries for six of itsbrands' cruises -- four for Carnival Cruise Lines and one each for HollandAmerica Line and Princess Cruises.

Guests on abbreviated cruises had the option of sailing and receivingpartial refunds and shipboard credits, or canceling and receiving full refundsor future cruise credits.

Carnival's P&O Cruises Australia unit is also reviewing the impact of theclosure of the Freeport, Bahamas, dry-dock facility where one of its ships wasundergoing an extensive refurbishment. The aforementioned $0.02 per shareimpact includes the expected cancellation of two more P&O Cruises Australiavoyages in addition to the one previously cancelled as a result of HurricaneFrances.

Carnival Corporation & plc also incurred incidental costs to transportpassengers to alternate ports of embarkation/debarkation.

"In terms of weather, the past few weeks have been the most challenging inour company's history, with four different hurricanes hitting Florida and twoof those causing major disruptions to our operations," said Howard Frank, vicechairman and chief operating officer for Carnival Corporation & plc. "Wewould like to thank our guests for their patience, cooperation andunderstanding during this period and commend our employees, both shipboard andshoreside, who continue to deliver quality vacations to our guests despitevery challenging circumstances," he added.

Carnival Corporation & plc is the largest cruise vacation group in theworld, with a portfolio of 12 cruise brands in North America, Europe andAustralia, comprised of Carnival Cruise Lines, Holland America Line, PrincessCruises, Seabourn Cruise Line, Windstar Cruises, AIDA, Costa Cruises, CunardLine, Ocean Village, P&O Cruises, Swan Hellenic, and P&O Cruises Australia.

Together, these brands operate 77 ships totaling more than 128,000 lowerberths with 12 new ships scheduled for delivery between November 2004 andspring 2008. Carnival Corporation & plc also operates the leading tourcompanies in Alaska and the Canadian Yukon, Holland America Tours and PrincessTours. Traded on both the New York and London Stock Exchanges, CarnivalCorporation & plc is the only group in the world to be included in both theS&P 500 and the FTSE 100 indices.

Additional information can be obtained via Carnival Corporation & plc'sWeb sites at # and # .

SOURCE Carnival Corporation

CONTACT:
Media, Tim Gallagher of Carnival Corporation & plc
+1-305-599-2600, ext. 16000
or
Sophie Fitton
or Sarah Tovey
both ofBrunswick in the U.K.
+011-44-20-7404-5959
for Carnival Corporation & plc
or
investors
Beth Roberts of Carnival Corporation & plc
+1-305-406-4832
Web site: # (CCL)

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