Director/PDMR Shareholding

NOTIFICATION OF TRANSACTION OF DIRECTOR/PDMR MIAMI (November 7, 2005) - On November 4, 2005, Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) was notified that on that date, Robert H. Dickinson, President and Chief Executive Officer of Carnival Cruise Lines and a member of Carnival Corporation & plc's boards of directors, sold 40,000 shares of Carnival Corporation common stock ("Shares") which he held indirectly registered in the name of Dickinson Enterprises Limited Partnership at an average price of US$51.97 per Share. In addition, Dickinson exercised options over 32,000 Shares (16,000 Shares at US$18.90625 per share and 16,000 Shares at US$22.57 per share) and sold such Shares at an average price of US$52.1189. Following these transactions, Dickinson continues to hold directly or indirectly 321,000 Shares, and options over 560,000 Shares. This notification relates to disclosures made in accordance with Disclosure Rule 3.1.4(R)(1)(a) and Disclosure Rule 3.1.4(R)(1)(b) disclosure made in accordance with section 324 of the Companies Act 1985. Further details and a copy of the Forms 4, Statement of Changes in Beneficial Ownership of Securities, filed today by Dickinson with the U.S. Securities & Exchange Commission, can be found at the SEC web site, www.sec.gov, and the Carnival Corporation & plc web sites, www.carnivalcorp.com and www.carnivalplc.com. MEDIA CONTACTS: US Carnival Corporation & plc Tim Gallagher 305 599 2600, ext. 16000 UK Brunswick Group Sophie Fitton/Sarah Lindgreen 44 (0) 20 7404 5959 INVESTOR RELATIONS CONTACTS: US/UK Carnival Corporation & plc Beth Roberts 305 406 4832 ND

Companies

Carnival (CCL)
UK 100

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