Director/PDMR Shareholding

Notification of Transaction of Director/PDMR

    MIAMI, Feb. 24 -- On February 23, 2010 Peter G. Ratcliffe, a member of the 
Carnival plc Board of Directors, vested in 20,001 share awards over Carnival plc 
ordinary shares of US$1.66 each ("plc Shares") that were granted under the 
Carnival plc Deferred Bonus and Co-investment Matching Plan ("Deferred Bonus 
Plan") and the resulting plc Shares were sold at a price of 23.7219 pounds 
Sterling per share.  The plc Shares were granted to Mr. Ratcliffe prior to his 
retirement as Chief Executive Officer of P&O Princess Cruises International.

    Following the above transaction, Mr. Ratcliffe continues to have an interest 
in share awards over 21,591 plc Shares granted to him pursuant to the rules of 
the Deferred Bonus Plan.

    On February 22, 2010, Bedell Trustees Limited (the "Trust") announced that, 
David Dingle, Chief Executive Officer of Carnival UK, vested in 4,218 restricted 
share units granted under the Carnival plc Employee Share Plan ("Employee Share 
Plan") and the resulting plc Shares were sold at a price of 23.8136 pounds per 
share and on February 23, 2010 Mr. Dingle vested in 4,385 share awards over plc 
Shares that were granted under the Carnival plc Deferred Bonus Plan and the 
resulting plc Shares were sold at a price of 23.69 pounds per share.

    Following the above transaction, Mr. Dingle continues to have an interest in 
41,956 restricted share units granted to him pursuant to the rules of the 
Employee Share Plan and no further interest in shares pursuant to the Deferred 
Bonus Plan.

    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 Form 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.