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Certain Arison Family Trusts to Reduce Ownership of Carnival Corporation & plc by Up to 2%

MIAMI, Feb. 18, 2005 /PRNewswire-FirstCall/ -- Carnival Corporation & plc(NYSE: CCL; LSE)(NYSE: CUK) announced today that certain trusts whosebeneficiaries are members of the Arison family have advised CarnivalCorporation that they plan to sell up to 17 million shares of CarnivalCorporation common stock over a period of up to two years in market sales,representing up to approximately 2% of the total combined voting rights ofCarnival Corporation & plc.

Of the shares planned for sale, none are held by Micky Arison, thecompany's Chairman and Chief Executive Officer, or by any trusts or otherentity of which Mr. Arison is a beneficiary. If all the shares covered by thesales plans and previously announced sales plans are sold, the Arison familyand related entities will remain beneficial owners of approximately 230million shares, constituting approximately 28.6% of the total combined votingrights of Carnival Corporation & plc.

The sellers have advised Carnival Corporation that they are selling fortax planning and diversification purposes. In connection with the sales, thesellers are expected to enter into one or more sales plans under Rule 10b5-1.Rule 10b5-1 permits the creation of written plans for buying or selling stockat a time when insiders are not in possession of material non-publicinformation. Once a plan is established, the insider does not retain orexercise any discretion over sales of stock under the plan and the pre-plannedtrades can be executed at later dates as set forth in the plan, without regardto any subsequent material non-public information that the insider mightreceive.

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 Cruises, Costa Cruises,Cunard Line, Ocean Village, P&O Cruises, Swan Hellenic, and P&O CruisesAustralia.

Together, these brands operate 77 ships totaling more than 132,000 lowerberths with 13 new ships scheduled for delivery between April 2005 and April2009. Carnival Corporation & plc also operates the leading tour companies inAlaska 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 theFTSE 100 indices.

Additional information is available online at #and # .

SOURCE Carnival Corporation

CONTACT: Media, in U.S., Tim Gallagher of Carnival Corporation & plc,+1-305-599-2600, ext. 16000, or in U.K., Sarah Tovey of Brunswick Group,+011-44-(0)20-7404-5959, for Carnival Corporation & plc; or Investor Relationsin U.S. and U.K., Beth Roberts of Carnival Corporation & plc, +1-305-406-4832

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