Director/PDMR Shareholding

Carnival Corporation & plc                           

                  Notification of Transactionof Director/PDMR                  

MIAMI (October 16, 2013) - Carnival Corporation & plc (NYSE/LSE: CCL; NYSE:
CUK) has announced grants of performance-based restricted stock units ("
Performance RSUs") to Arnold W. Donald, a member of Carnival Corporation &
plc's Boards of Directors and President and Chief Executive Officer of Carnival
Corporation & plc, pursuant to the Carnival Corporation 2011 Stock Plan and Mr.
Donald's Employment Agreement.

The grants were approved in value form and converted to a number of Performance
RSUs by taking the closing price of Carnival Corporation securities on October
14, 2013. Each Performance RSU represents one share of Carnival Corporation
common stock.

The Compensation Committees of the Boards of Directors approved two (2) grants
of Performance RSUs to Mr. Donald, based on the following criteria:

 Performance RSUs                      Criteria                     
                                                                    
      43,613       Mr. Donald may earn from 0-150% of the stated    
                   target amount of Performance RSUs to the extent  
                   that Carnival Corporation & plc's annual earnings
                   before interest and taxes, as adjusted for       
                   certain fuel price changes and emission control  
                   areas related fuel expenses, for each of the     
                   three fiscal years in the 2013-2015 performance  
                   cycle exceeds specified performance goals, as    
                   modified at the end of the three year performance
                   cycle for Carnival Corporation & plc's total     
                   shareholder return rank relative to peers.       
                                                                    
      93,457       Mr. Donald may earn from 0-5 times the stated    
                   target amount of Performance RSUs to the extent  
                   that the compound annual growth rate of Carnival 
                   Corporation & plc's total shareholder return over
                   a three year performance cycle exceeds specified 
                   performance goals.                               
                                                                    

This notification relates to disclosures made in accordance with 3.1.4(R)(1)(a)
of the Disclosure Rules and Transparency Rules.

Further details can be found shortly at the Carnival Corporation & plc web
site, www.carnivalcorp.com and www.carnivalplc.com.