Notification of Transaction of Director/PDMR

NOTIFICATION OF TRANSACTION OF DIRECTOR/PDMR                  

MIAMI (May 24, 2006) - Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK)
was notified that on May 23, 2006, Sir John Parker a member of the boards of
directors of Carnival Corporation & plc, acquired an interest in 5,000 Carnival
plc ordinary shares of US$1.66 each when Whitefoord Limited acquired the
relevant shares at a price of £22.15 each on behalf of GHM Trustees Limited.

GHM Trustees Limited is the trustee of Sir John Parker's Fixed Unapproved
Restricted Retirement Scheme of which Sir John Parker is a discretionary
beneficiary and is therefore treated as connected with Sir John Parker for the
purposes of the Companies Act 1985. Following this transaction, Sir John Parker
has an interest in 10,004 Carnival plc ordinary shares of US$1.66 each.

This notification relates to a disclosure made in accordance with Disclosure
Rule 3.1.4R(1)(a) and Disclosure Rule 3.1.4(R)(1)(b) a 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 Sir John Parker 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

1 305 599 2600, ext. 16000

UK

Brunswick Group

Sophie Fitton/Sarah Lindgreen

44 (0) 20 7404 5959

INVESTOR RELATIONS CONTACT

US/UK

Carnival Corporation & plc

Beth Roberts

1 305 406 4832