Director/PDMR Shareholding

FOR IMMEDIATE RELEASE - UK ONLY

                 NOTIFICATION OF TRANSACTION OF DIRECTOR/PDMR                  

MIAMI (August 2, 2006) - On August 1, 2006, Carnival Corporation & plc (NYSE/
LSE: CCL; NYSE: CUK) authorized a grant of 80,000 options (the "Options") to
purchase common stock of Carnival Corporation (the "Shares") and 40,000
restricted Shares (the "Restricted Shares") to Robert H. Dickinson, President
and Chief Executive Officer of Carnival Cruise Lines and a member of Carnival
Corporation & plc's boards of directors, pursuant to the Carnival Corporation
2002 Stock Plan and the terms of a Long-Term Executive Incentive Agreement
between Dickinson and Carnival Corporation.

The Options become exercisable on a pro-rata basis over a five-year period
beginning on the first anniversary of the date of grant. The exercise price of
US$38.46 per Share is based on the average of the high and low sales prices of
one Share on August 1, 2006 on the New York Stock Exchange. The Restricted
Shares will be released from restriction on August 1, 2011, the fifth
anniversary of the date of grant.

In addition, on August 1, 2006, Dickinson sold 40,000 Shares which he held
indirectly registered in the name of the Dickinson Enterprises Limited
Partnership at an average price of US$38.25 per Share.

Following this grant, Dickinson holds directly or indirectly 277,000 Shares,
and 640,000 options to acquire 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 Form 4, Statement of Changes in Beneficial
Ownership of Securities, to be 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 site located at www.carnivalcorp.com
and www.carnivalplc.com.

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