Director/PDMR Shareholding

Carnival Corporation & plc

Notification of Transactions of Directors/PDMRS

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Arnold W. Donald
2	Reason for the notification
a)	Position/status	President, Chief Executive Officer & Director of Carnival Corporation & plc
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Carnival Corporation
b)	Legal Entity Identifier	F1OF2ZSX47CR0BCWA982
4	Details of the transaction
a)	Description of the financial instrument, type of instrument Identification code	Common stock with a nominal value of US$0.01 per share CUSIP: 143658300
b)	Nature of the transaction	Represents a sale of shares to satisfy the tax obligation on the release of vested restricted stock previously reported.
c)	Price(s) and volume(s)	Price(s) $69.1146	Volume(s) 16,226
d)	Aggregated information - Aggregated volume - Price	16,226 $69.1146
e)	Date of the transaction	2017-1-12
f)	Place of the transaction	NYSE