News Release

DIRECTOR’S SHAREHOLDING

MIAMI (May 2, 2006) – On May 1, 2006, 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 May 1, 2006 gift of 7,000 shares of Carnival Corporation common stock from Dickinson Enterprises Limited Partnership, through which Dickinson indirectly held the shares, to the Dickinson Family Irrevocable Trust. Following this transfer, Dickinson continues to hold directly or indirectly 277,000 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 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.