Director/PDMR Shareholding

Notification of Transactions of Directors / PDMRs               

MIAMI, Feb. 17, 2012 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK)
announced that on February 15, 2012 awards were made to certain executive
directors and PDMRs pursuant to the Carnival Corporation 2011 Stock Plan (the
"2011 Plan") and Carnival plc 2005 Employee Share Plan (the "2005 Plan"). The
awards were approved in value form and converted to a number of shares by
taking the closing price of Carnival Corporation securities on February 15,
2012 for those receiving Carnival Corporation awards, and by taking the closing
price of Carnival plc securities on February 15, 2012 for those receiving
Carnival plc awards.

Awards of Carnival Corporation restricted common stock (the "CC Restricted
Shares") were made pursuant to the 2011 Plan and the executive directors'
respective Executive Long-Term Compensation Agreements to Micky Arison,
Chairman and Chief Executive Officer of Carnival Corporation & plc and Howard
S. Frank, Vice Chairman and Chief Operating Officer of Carnival Corporation &
plc. Awards of Carnival plc restricted share units representing a hypothetical
interest in Carnival plc ordinary shares ("plc RSUs") were made pursuant to the
2005 Plan to Pier Luigi Foschi, Chairman and Chief Executive Officer of Costa
Crociere S.p.A., and David Dingle, Chief Executive Officer of Carnival UK. The
CC Restricted Shares and plc RSUs will be released from restriction on February
15, 2015.

The awards described above were made to these executive directors and PDMRs in
the following amounts:

Name                CC Restricted Shares    plc RSUs    
                                                        
Micky Arison               86,775               -       
                                                        
Howard S. Frank            96,417               -       
                                                        
Pier Luigi Foschi            -               37,187     
                                                        
David Dingle                 -               20,850     

Upon grant, Mr. Frank surrendered 35,144 CC Restricted Shares in satisfaction
of U.S. withholding tax obligations.

Following the awards described above, the following executive directors and
PDMRs direct and indirect holdings are:

Name                     CC Shares         plc Shares   
                                                        
Micky Arison            110,632,792             -       
                                                        
Howard S. Frank           220,534               -       
                                                        
Pier Luigi Foschi            -               145,302    
                                                        
David Dingle                 -               51,676     

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, being 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 located at www.carnivalcorp.com or
www.carnivalplc.com.