Director/PDMR Shareholding

NOTIFICATION OF TRANSACTION OF DIRECTOR/PDMR                  

    MIAMI, Jan 8. - On January 5, 2007, Carnival Corporation & plc (NYSE/
LSE: CCL; NYSE: CUK) was notified that on that date, the Arnold and Hazel
Donald Charitable Trust (the "Charitable Trust") made a gift of 1,800 shares of
Carnival Corporation common stock ("Shares") to the St. Louis Community
Foundation. The spouse of Arnold Donald, a member of Carnival Corporation &
plc's boards of directors, is currently the trustee of the Charitable Trust. As
a result of this gift, Mr. and Mrs. Donald will no longer retain control of the
Shares.

    Following these transactions, Mr. Donald continues to hold directly or
indirectly 1,250 Shares and 1,250 restricted Share units.

    This notification relates to disclosures made in accordance with Disclosure
Rule 3.1.4(R)(1)(a) and Disclosure Rule 3.1.4(R)(1)(b) and disclosure made in
accordance with section 324 of the Companies Act 1985.

    Further details and a copy of the Forms 4, Statement of Changes in Beneficial
Ownership of Securities, to be filed by Mr. Donald with the U.S. Securities &
Exchange Commission, can be found at the SEC web site, www.sec.gov, and the
Carnival Corporation & plc web site, www.carnivalcorp.com and 
www.carnivalplc.com.