NOTIFICATION OF TRANSACTION OF DIRECTOR

NOTIFICATION OF TRANSACTION OF DIRECTOR/PDMR                  

MIAMI (February 25, 2008) - On February 22, 2008 Bedell Trust Limited (the
"Trust"), granted the following share awards over Carnival plc ordinary shares
of US$1.66 each ("plc Shares"):

        Executive Director/PDMR               Value £        No. of plc Shares 
                                                                               
        Peter Ratcliffe                       455,788             21,591             

The share award is to be held in trust under the Carnival plc Deferred Bonus
and Co-Investment Matching Plan (the "Deferred Bonus Plan") and represents 50%
of Mr. Ratcliffe's performance related bonus for the year ended November 30,
2007. No consideration was paid for the share award. The share award is subject
to a retention period that will expire on the date the results of Carnival plc
for the year ending November 30, 2010 are announced, which is expected to occur
in February 2011. Share awards and matching awards were also granted under the
Deferred Bonus Plan to senior executives who are not directors/PDMRs.

Following the above transactions, Mr. Ratcliffe continues to have an interest
in share awards over 71,401 plc Shares granted pursuant to the rules of the
Deferred Bonus Plan.

As a technical issue, Mr. Ratcliffe is regarded for Companies Act purposes as
being interested in all the plc Shares held by the Trust, although the plc
Shares held are also for the benefit of other employees of Carnival plc. The
Trust holds a total of 100,397 plc Shares for the purposes of satisfying awards
granted under the Deferred Bonus Plan. Despite the technical interest in the
plc Shares, Mr. Ratcliffe is only entitled to receive from the Trust the number
of plc Shares to which each would be entitled on exercise of an award which has
been granted to him.

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 Form 4, Statement of Changes in Beneficial
Ownership of Securities, to be filed 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, www.carnivalcorp.com or www.carnivalplc.com.

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