Director/PDMR Shareholding

NOTIFICATION OF TRANSACTION OF DIRECTOR/PDMR

    MIAMI, Aug. 2 -- On August 1, 2007, Carnival Corporation & plc (NYSE/LSE: 
CCL; NYSE: CUK) authorized a grant of 80,000 options (the "Options") to 
purchase common stock of Carnival Corporation (the "Shares") and 40,000 
restricted Shares (the "Restricted Shares") to Robert H. Dickinson, a member 
of Carnival Corporation & plc's boards of directors, pursuant to the Carnival 
Corporation 2002 Stock Plan and the terms of a Long-Term Executive Incentive 
Agreement between Dickinson and Carnival Corporation.  
    The Options become exercisable on a pro-rata basis over a five-year period 
beginning on the first anniversary of the date of grant.  The exercise price 
of US$44.445 per Share is based on the average of the high and low sales 
prices of one Share on August 1, 2007 on the New York Stock Exchange.  The 
Restricted Shares will be released from restriction on August 1, 2012, the 
fifth anniversary of the date of grant.
    In addition, on August 1, 2006, Dickinson sold 20,000 Shares which he held 
indirectly registered in the name of the Dickinson Enterprises Limited 
Partnership at an average price of US$44.632 per Share.
    Following these transactions, Dickinson holds directly or indirectly 
262,000 Shares, and 544,000 options to acquire Shares.
    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) disclosure 
made in accordance with section 324 of the Companies Act 1985.
    Further details and a copy of the Form 4, Statement of Changes in 
Beneficial Ownership of Securities, to be filed today by Dickinson 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 located at 
www.carnivalcorp.com and www.carnivalplc.com.

SOURCE  Carnival plc

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