Notification of Transactions of Directors / PDMRs

Notification of Transactions of Directors / PDMRs               

MIAMI, January 14, 2015 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE:
CUK) announced that on January 12, 2015 grants were made to certain executive
directors and PDMRs pursuant to the Carnival Corporation 2011 Stock Plan (the
"2011 Plan") and Carnival plc 2014 Employee Share Plan (the "2014 Plan"). The
grants were approved in value form and converted to a number of ordinary shares
with a nominal value of US$.01 per share with respect to Carnival Corporation
shares and US$1.66 per ordinary share with respect to Carnival plc ordinary
shares, by taking the closing price of a share of Carnival Corporation common
stock on January 12, 2015 for those receiving Carnival Corporation grants, and
by taking the closing price of a Carnival plc ordinary share on January 12,
2015 for those receiving Carnival plc grants.

Mr. Arnold W. Donald, President and Chief Executive Officer of Carnival
Corporation & plc, received a grant of Carnival Corporation restricted common
stock (the "CC Restricted Shares") pursuant to the 2011 Plan. Awards of
Carnival plc restricted share units representing a hypothetical interest in
Carnival plc ordinary shares ("plc RSUs") were made pursuant to the 2014 Plan
to David Noyes, Chief Executive Officer of Carnival UK, David Dingle, Chairman
of Carnival UK and Michael Thamm, Chief Executive Officer of Costa Crociere
S.p.A. The CC Restricted Shares and plc RSUs will be released from restriction
on January 12, 2018.

The awards described above were made to these executive directors and PDMRs in
the following amounts:

            Name           CC Restricted Shares        plc RSUs       
    Arnold W. Donald              45,366                   -          
    David Noyes                     -                    3,264        
    David Dingle                    -                   13,069        
    Michael Thamm                   -                   16,552        

Following the awards described above, the following executive directors' and
PDMRs' direct and indirect holdings are:

            Name           Carnival Corporation   Carnival plc Shares 
                              Shares                              
    Arnold W. Donald             117,973                   -          
    David Noyes                     -                   12,358        
    David Dingle                    -                   65,678        
    Michael Thamm                   -                   55,018        

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, being 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 located at www.carnivalcorp.com or 
www.carnivalplc.com . For all other queries, please contact the Carnival
Corporation & plc Legal Department at 1-305-599-2600.