Notification of Transactions of Directors/PDMRS

Carnival Corporation & plc

Notification of Transactions of Directors/PDMRS

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jeffrey J. Gearhart
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Carnival Corporation
b)	Legal Entity Identifier	F1OF2ZSX47CR0BCWA982
4A	Details of the transaction: 1
a)	Description of the financial instrument, type of instrument Identification code	Common stock with a nominal value of US$0.01 per share CUSIP: 143658300
b)	Nature of the transaction	Grant of restricted shares in Carnival Corporation common stock, made to non-executive directors pursuant to the Carnival Corporation 2020 Stock Plan.  The restriction on the shares lapses on April 9, 2023.
c)	Price(s) and volume(s)	Price(s) $0.00	Volume(s) 12,763
d)	Aggregated information - Aggregated volume - Price	12,763 $0.00
e)	Date of the transaction	2020-06-22
f)	Place of the transaction	Off Market
4B	Details of the transaction: 2
a)	Description of the financial instrument, type of instrument Identification code	Common stock with a nominal value of US$0.01 per share CUSIP: 143658300
b)	Nature of the transaction	The grant, requested by the reporting person, is in lieu of his Boards of Directors retainer and committees’ fees for April to June 2020.  Issued pursuant to the Carnival Corporation 2020 Stock Plan. The restriction on the shares lapses on February 12, 2021.
c)	Price(s) and volume(s)	Price(s) $0.00	Volume(s) 1,746
d)	Aggregated information - Aggregated volume - Price	1,746 $0.00
e)	Date of the transaction	2020-06-22
f)	Place of the transaction	Off Market

Arnaldo Perez
General Counsel & Secretary
Carnival Corporation & plc
3655 NW 87^th Avenue
MLGL-815
Miami, FL 33178
T: 305.599.2600