27th Jan 2005 14:32
FOR IMMEDIATE RELEASE DIRECTORS SHAREHOLDING MIAMI (January 27, 2005) - Carnival Corporation & plc (NYSE/LSE: CCL; NYSE:CUK) announced that Howard S. Frank, the company's Vice Chairman and ChiefOperating Officer and a member of Carnival Corporation & plc's boards ofdirectors, advised Carnival Corporation that on January 26, 2005, Frankdisposed of 70,000 shares of Carnival Corporation common stock at an averageprice of $55.5848 (USD). These shares were sold pursuant to a sales planentered into under Rule 10b5-1 under which he plans to sell up to 70,000 sharesof Carnival Corporation Common Stock beginning in January of each of the nextthree years in market sales.Following these transactions, Frank holds, directly or indirectly, 329,355shares of Carnival Corporation common stock.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.Further details and a copy of the Forms 4, Statement of Changes in BeneficialOwnership of Securities, to be filed today by Frank with the U.S. Securities &Exchange Commission, can be found at the SEC web site, www.sec.gov, and theCarnival Corporation & plc web sites, www.carnivalcorp.com and www.carnivalplc.com.# 11663 v3ENDRelated Shares:
Carnival