Director/PDMR Shareholding

NOTIFICATION OF TRANSACTION OF DIRECTOR/PDMRS                 

MIAMI, Dec. 28, 2011 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK)
was notified on December 23, 2011 that on that date the following transactions
occurred:

Micky Arison, Chairman of Carnival Corporation & plc's boards of directors and
Chief Executive Officer, acquired 149,524 shares of Carnival Corporation common
stock ("CC Shares") on release from restriction of the December 19, 2008
restricted stock award that was granted under the Carnival Corporation 2002
Stock Plan (the "2002 Plan"). Mr. Arison surrendered 54,502 CC Shares in
satisfaction of U.S. withholding tax obligations. Following this transaction,
Mr. Arison continues to beneficially own 110,546,017 CC Shares.

Howard S. Frank, Vice Chairman and Chief Operating Officer of Carnival
Corporation & plc, sold 124,603 CC Shares acquired on release from restriction
of the December 19, 2008 restricted stock award that was granted under the 2002
Plan and the CC Shares were sold on the New York Stock Exchange at an average
price of $33.16 per CC Share. Following this transaction, Mr. Frank continues
to hold directly and indirectly 159,261 CC Shares.

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 Corporation Plc