4th Apr 2005 12:56
DIRECTORS SHAREHOLDING MIAMI (April 4, 2005) - On March 31, 2005 Mr Peter Ratcliffe, Chief ExecutiveOfficer of P&O Princess Cruises International and a member of CarnivalCorporation & plc's boards of directors, was granted a share award over 14,812Carnival plc ordinary shares of US$1.66 each ("Plc Shares") to be held on trustunder the Carnival plc Deferred Bonus and Co-investment Matching Plan (the"Deferred Bonus Plan") as part of Mr Ratcliffe's performance related bonus forthe year ended November 30, 2004. No consideration was paid for the shareaward. At the grant date the value of the share award was ‚£432,978(US$814,000). The share award is subject to a retention period that will expireon the date the results of Carnival Corporation & plc for the year endingNovember 30, 2007 are announced, which is expected to occur in February 2008.Mr Ratcliffe's share award does not qualify for any matching awards. Noconsideration is payable on the exercise of the share award.Share awards and matching awards were also granted under the Deferred BonusPlan to senior executives who are not directors.Following the above transaction, Mr Ratcliffe has share awards over 36,979 PlcShares and a matching award over 13,304 Plc Shares granted pursuant to theterms of the Deferred Bonus Plan, options over 51,188 Plc Shares grantedpursuant to the terms of the Carnival plc Executive Share Option Plan, abeneficial interest over 14,432 Plc Shares held by his wife, a beneficialinterest over 17,974 shares of Carnival Corporation common stock ("Corp.Shares") of which 13,892 Corp. Shares are held by his wife, a conditionalinterest over 20,000 Corp. Shares and an option over 50,000 Corp. Sharesgranted pursuant to the terms of the Carnival Corporation 2002 Stock Plan.As a technical issue, Mr Ratcliffe is regarded for Companies Act purposes asbeing interested in all the Plc Shares held by Bedell Cristin Trustees Limited(the "Trust"), although the Plc Shares held are also for the benefit of otheremployees of Carnival plc. The Trust holds a total of 175,538 Plc Shares forthe purposes of satisfying awards granted under the Deferred Bonus Plan.Despite the technical interest in the Plc Shares, Mr Ratcliffe is only entitledto receive from the Trust the number of Plc Shares to which he would beentitled on exercise of an award which has been granted to him.Further details and a copy of the Form 4, Statement of Changes in BeneficialOwnership of Securities, filed today by Mr Ratcliffe 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. ### ENDCARNIVAL CORPORATION & PLCRelated Shares:
Carnival