News Release

DIRECTOR’S SHAREHOLDING

MIAMI (August 31, 2004) – On August 30, 2004, Robert H. Dickinson, President and Chief Executive Officer of Carnival Cruise Lines and a member of Carnival Corporation & plc's boards of directors notified Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) of the August 30, 2004 gift of 25,000 shares of Carnival Corporation common stock from Dickinson Enterprises Limited Partnership, through which Dickinson indirectly held the shares, to the Dickinson Foundation, of which Dickinson is the President. Following this transfer, Dickinson continues to hold directly or indirectly 374,746 shares, and 576,000 options to acquire 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 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.