Notification of Transaction of Director/PDMR

Notification of Transaction of Director/PDMR

    MIAMI, Dec. 3 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) 
was notified that Micky Arison, Chairman of Carnival Corporation & plc's 
boards of directors and Chief Executive Officer, exercised options over 
120,000 shares of Carnival Corporation common stock ("Shares") on November 
30, 2007 at US$26.40625 per Share.  Mr. Arison surrendered 88,209 Shares in 
satisfaction of the exercise price and withholding taxes as permitted by the 
rules of the applicable share option scheme.  
    Following these transactions, Mr. Arison continues to beneficially own 
186,741,833 outstanding Shares and options over 1,200,000 Shares. 
    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, to be filed today 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.

SOURCE  Carnival Plc

    Web site:  http://www.carnivalcorp.com
               http://www.carnivalplc.com 
    (CCL CUK)