22nd Feb 2006 17:36
CORRECTION - NOTIFICATION OF TRANSACTION OF DIRECTOR/PDMR MIAMI (February 22, 2006) - Carnival Corporation & plc (NYSE/LSE: CCL; NYSE:CUK) noted a correction to the announcement made earlier today.The number of plc RSUs issued to Mr. Dingle is 3,028 and his total holdings ofplc RSUs is 3,028.All other information in the prior release remains unchanged.Complete, corrected announcement follows:MIAMI (February 22, 2006) - Carnival Corporation & plc (NYSE/LSE: CCL; NYSE:CUK) announced that on February 21, 2006 awards were made to certain executivedirectors and PDMRs pursuant to the Carnival plc 2005 Employee Share Plan (the"2005 Plan") and Carnival Corporation 2002 Stock Plan (the "2002 Plan").Pursuant to the 2002 Plan, an option to purchase 50,000 shares of common stockof Carnival Corporation (the "Corporation Shares") was granted to Peter G.Ratcliffe, Chief Executive Officer of P&O Princess Cruises International. Thisoption is exercisable in five equal installments beginning on the firstanniversary of the date of grant. The exercise price of US$51.375 perCorporation Share is based on the average of the high and low sales prices ofone Corporation Share on February 21, 2006 on the New York Stock Exchange. Alsopursuant to the 2002 Plan, Mr. Ratcliffe was granted 10,000 restricted shareunits representing a hypothetical interest in Carnival Corporation Shares("Corporation RSUs"). The Corporation RSUs will be released from restriction onthe fifth anniversary of the date of grant.Pursuant to the 2005 Plan, an option to purchase Carnival plc ordinary sharesof US$1.66 each ("plc Shares") and restricted share units representing ahypothetical interest in plc Shares ("plc RSUs") were awarded as follows:Director/PDMR Name Option Over Restricted Shares Awarded Share Units Awarded Pier Luigi Foschi 50,000 10,000 David Dingle 275 3,028 The option awarded to Mr. Foschi, Chief Executive Officer of Costa Crociere,S.p.A., is exercisable in five equal installments beginning on the firstanniversary of the date of grant. The option awarded to Mr. Dingle, ManagingDirector of Carnival UK and P&O Cruises is exercisable in full on the thirdanniversary of the date of grant. The exercise price of ‚£31.98 per plc Sharefor Mr. Foschi's option is based on the 30-day average of the closing price ofone share of Carnival plc. The exercise price of ‚£31.24 per plc Share for Mr.Dingle's option is based on the closing price of one share of Carnival plc onFebruary 21, 2006 on the London Stock Exchange.The plc RSUs awarded to Mr. Foschi will be released from restriction on thefifth anniversary of the date of grant. The plc RSUs awarded to Mr. Dingle willbe released from restriction on the third anniversary of the date of grant.Following this notification Mr. Ratcliffe holds 20,000 Corporation RSUs andoptions over 150,000 Corporation Shares, Mr. Foschi holds 10,000 plc RSUs andoptions over 398,264 plc Shares and Mr. Dingle holds 3,028 plc RSUs and optionsover 49,991 plc Shares.This notification relates to disclosures made in accordance with DisclosureRule 3.1.4(R)(1)(a) and Disclosure Rule 3.1.4(R)(1)(b), a disclosure made inaccordance with section 324 of the Companies Act 1985.Further details and a copy of the Forms 4, Statement of Changes in BeneficialOwnership of Securities, being filed later today with the U.S. Securities &Exchange Commission, can be found at the SEC web site, www.sec.gov, and theCarnival Corporation & plc web site located at www.carnivalcorp.com or www.carnivalplc.com. ### ENDCARNIVAL PLCRelated Shares:
Carnival