Director/PDMR Shareholding

Notification of Transaction of Director/PDMR 
 
    MIAMI, Oct. 17 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) 
announced that on October 16, 2007 options and share awards were granted to 
certain of its directors. 
    Awards to non-executive directors were granted under the Carnival 
Corporation 2001 Outside Director Stock Plan.  As provided in that plan, each 
non-executive director received an award representing 10,000 "points."  A 
restricted share of Carnival Corporation common stock (a "Restricted Share") 
or a restricted stock unit ("RSU") represents four points.  An award may be 
composed of options over shares of Carnival Corporation common stock, 
Restricted Shares, RSU's or a combination thereof.  Specifically, grants of 
Restricted Shares and RSU's were granted to non-executive directors as 
follows: 
 
 
                                         Number of                        
                                         Restricted        Number of      
    Non-Executive Director               Shares            RSUs           
    Richard G. Capen, Jr.                  --              2,500  
    Arnold W. Donald                       --              2,500  
    Richard J. Glasier                     --              2,500  
    Baroness Hogg                        2,500               --  
    Modesto A. Maidique                    --              2,500  
    Sir John Parker                      2,500               --  
    Stuart Subotnick                     2,500               --  
    Uzi Zucker                           2,500               -- 
 
 
    All awards will be released from restriction on the third anniversary of 
the grant date. 
    Including the grant referred to above, the non-executive directors' total 
Restricted Share and RSU holdings are as follows: 
 
 
                                         Total             Total          
                                         Number of         Number of      
    Non-Executive Director               Shares Held       RSUs Held      
    Richard G. Capen, Jr.                   5,802            2,500  
    Arnold W. Donald                        1,500            3,500  
    Richard J. Glasier                      5,000            2,500  
    Baroness Hogg                           7,500              --  
    Modesto A. Maidique                     5,000            2,500  
    Sir John Parker                         7,500              --  
    Stuart Subotnick                        9,500              --  
    Uzi Zucker                             62,500              -- 
 
 
    This notification relates to disclosures made in accordance with 
3.1.4(R)(1)(a) of the Disclosure Rules and Transparency Rules. 
    Further details and a copy of the Forms 4, Statement of Changes in 
Beneficial Ownership of Securities, to be filed today by each director with 
the U.S. Securities & Exchange Commission, can be found at the SEC web site, 
http://www.sec.gov, and the Carnival Corporation & plc web site, 
http://www.carnivalcorp.com and http://www.carnivalplc.com. 
 
SOURCE  Carnival plc 

    Web site:  http://www.carnivalcorp.com 
               http://www.carnivalplc.com  
    (CCL CUK)