Director/PDMR Shareholding

NOTIFICATION OF TRANSACTION OF DIRECTOR/PDMRS                 

MIAMI, Dec. 29, 2011 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK)
was notified on December 28, 2011 that on that date the following transactions
occurred:

Pier Luigi Foschi, a member of the Carnival Corporation & plc Board of
Directors, and Chairman and Chief Executive Officer of Costa Crociere, S.p.A.,
sold 24,579 Carnival plc ordinary shares ("plc Shares") acquired on release
from restriction of the December 19, 2008 restricted stock unit award that was
granted under the Carnival plc 2005 Employee Share Plan ("2005 Plan") and the
resulting plc Shares were sold on the London Stock Exchange at a price of £
21.15 per plc Share.  Following this transaction, Mr. Foschi continues to hold
directly and indirectly 108,115 plc Shares.

David Dingle, Chief Executive Officer of Carnival UK sold 15,005 plc Shares
acquired on release from restriction of the December 19, 2008 restricted stock
unit award that was granted under the 2005 Plan and the resulting plc Shares
were sold on the London Stock Exchange at a price of £21.15 per plc Share. 
Following this transaction, Mr. Dingle continues to hold directly and
indirectly 30,826 plc Shares.

For both Messrs. Foschi and Dingle, the plan administrator for the 2005 Plan
aggregated all shares to be sold by participants of the 2005 Plan and sold the
shares over a three-day period ending on December 28, 2011.  The price stated
is a weighted average price.  Shares were sold in multiple transactions at
prices between £21.52 and £20.90. 

This notification relates to disclosures made in accordance with Rule 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 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.