Director/PDMR Shareholding

NOTIFICATION OF TRANSACTION OF DIRECTOR/PDMRS

MIAMI (February 23, 2011) - Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: 
CUK) was notified on February 22, 2011 that on that date the following 
transactions occurred:

Micky Arison, the chairman of the board and chief executive officer of 
Carnival Corporation & plc, surrendered 30,618 shares of Carnival Corporation 
common stock, par value US$1.00 each ("Shares") in satisfaction of U.S. 
withholding tax obligations related to the release from restriction of 84,000 
Shares granted on February 20, 2008 under the Carnival Corporation 2002 Stock 
Plan ("2002 Plan"). Following this transaction, Mr. Arison continues to 
beneficially own 180,794,480 Shares.

Peter G. Ratcliffe, a member of the Carnival Corporation & plc Board of 
Directors, sold 30,000 Shares acquired on release from restriction of the 
February 20, 2006 and February 20, 2008 restricted stock unit awards that were 
granted under the 2002 Plan. The Shares were sold on the New York Stock 
Exchange at a weighted average price of $42.3754 per Share. In addition, on 
February 23, 2011 Mr. Ratcliffe sold 2,015 Shares acquired in settlement of 
dividend equivalents on these awards. The Shares were sold on the New York 
Stock Exchange at a weighted average price of $41.3915 per Share. Following 
this transaction, Mr. Ratcliffe continues to hold 20,235 restricted stock 
units.

This notification relates to disclosures made in accordance with Rule 
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 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 or www.carnivalplc.com.


SOURCE Carnival plc