EXHIBIT 99.1
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FOR IMMEDIATE RELEASE
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MCNULTY APPOINTED TO
CARNIVAL CORPORATION & PLC BOARDS OF DIRECTORS
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MIAMI (06/26/03) - Carnival Corporation & plc (NYSE/LSE: CCL; NYSE:
CUK) announced today that John McNulty, a former Goldman Sachs & Co. executive,
has been appointed to its boards of directors.
McNulty will serve in a non-executive capacity on Carnival Corporation
& Carnival plc's 14-member boards, effective immediately.
McNulty, a former member of Goldman Sachs' management committee,
retired in July 2001 after a 22-year career and was then named a senior director
with the firm.
During his career at Goldman Sachs, McNulty held a number of senior
positions, including head of its investment management division. Under his
leadership, Goldman Sachs built its global investment management business
significantly with assets under management increasing from $50 billion to more
than $300 billion.
McNulty currently serves on the board of directors of Allied World
Assurance Holdings, Ltd.
"John McNulty is a highly respected and qualified individual and his
appointment further strengthens the boards of Carnival Corporation & plc and
underlines our commitment to both our US and UK shareholders. We look forward to
his valuable input and guidance in the operation of our dual listed company,"
said Micky Arison, Carnival Corporation & plc chairman and CEO.
Carnival Corporation & plc is the largest cruise vacation group in the
world, with a portfolio of 13 cruise brands in North America, Europe and
Australia, comprised of Carnival Cruise Lines, Princess Cruises, Holland America
Line, Costa Cruises, P&O Cruises, Cunard Line, Windstar Cruises, Seabourn Cruise
Line, Ocean Village, Swan Hellenic, AIDA, A'ROSA, and P&O Cruises Australia.
Together, these brands operate 68 ships totaling more than 105,800
lower berths with 15 new ships scheduled for delivery between now and mid-2006.
Carnival Corporation & plc also operates three riverboats on Europe's Danube
River and the
2
leading tour companies in Alaska and the Canadian Yukon, Holland America Tours
and Princess Tours. Traded on both the New York and London Stock Exchanges,
Carnival Corporation & plc is the only group in the world to be included in both
the S&P 500 and the FTSE 100 indices.
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MEDIA CONTACTS: INVESTOR RELATIONS CONTACTS:
US US/UK
Carnival Corporation & plc Carnival Corporation & plc
Tim Gallagher Beth Roberts
305 599 2600, ext. 16000 305 406 4832
44 (0) 79 5643 6104
UK UK
Brunswick Group Bronwen Griffiths
Sophie Fitton 44 (0) 23 8052 5231
44 (0) 20 7404 5959