Notification of Transactions

Notification of Transactions of Directors / PDMRs MIAMI, January 17, 2013 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced that on January 15, 2013 awards were made to certain executive directors and PDMRs pursuant to the Carnival Corporation 2011 Stock Plan (the "2011 Plan") and Carnival plc 2005 Employee Share Plan (the "2005 Plan"). The awards were approved in value form and converted to a number of shares by taking the closing price of Carnival Corporation securities on January 15, 2013 for those receiving Carnival Corporation awards, and by taking the closing price of Carnival plc securities on January 15, 2013 for those receiving Carnival plc awards. Awards of Carnival Corporation restricted common stock (the "CC Restricted Shares") were made pursuant to the 2011 Plan and the executive directors' respective Executive Long-Term Compensation Agreements to Micky Arison, Chairman and Chief Executive Officer of Carnival Corporation & plc, and Howard S. Frank, Vice Chairman and Chief Operating Officer of Carnival Corporation & plc. Awards of Carnival plc restricted share units representing a hypothetical interest in Carnival plc ordinary shares ("plc RSUs") were made pursuant to the 2005 Plan to David Dingle, Chief Executive Officer of Carnival UK, Pier Luigi Foschi, Chairman of Costa Crociere S.p.A. and Chairman and Chief Executive Officer of Costa Asia, 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 15, 2016. The awards described above were made to these executive directors and PDMRs in the following amounts: Name CC Restricted Shares plc RSUs Micky Arison 69,743 - Howard S. Frank 77,492 - David Dingle - 16,273 Pier Luigi Foschi - 28,678 Michael Thamm - 4,824 Upon grant, Mr. Frank surrendered 28,680 CC Restricted Shares in satisfaction of U.S. withholding tax obligations. Following the awards described above, the following executive directors and PDMRs direct and indirect holdings are: Name CC Shares plc Shares Micky Arison 180,007,250 - Howard S. Frank 175,050 - David Dingle - 67,921 Pier Luigi Foschi - 170,069 Michael Thamm - 26,524 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 . SOURCE Carnival Plc

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Carnival (CCL)
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