Director/PDMR Shareholding

Notification of Transactions of Director/PDMR MIAMI, November 27, 2013 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE:CUK) announced that on November 26, 2013 the Compensation Committees of theBoards of Directors approved an award of 81,134 shares of Carnival Corporationrestricted common stock (the "CC Restricted Shares") to Howard S. Frank, ViceChairman and Chief Operating Officer of Carnival Corporation & plc. The award was approved in value form and converted to a number of shares bytaking the closing price of Carnival Corporation securities on November 26,2013. Because, as of the date of the grant, Mr. Frank was eligible forretirement due to his age, 40,567 CC Restricted Shares vested on November 26,2013. As a result, Mr. Frank surrendered 34,036 shares in satisfaction of U.S.withholding tax obligations. Following these transactions, Mr. Frank holds172,791 shares of Carnival Corporation common stock. 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 BeneficialOwnership of Securities, being filed with the U.S. Securities & ExchangeCommission, can be found at the SEC web site, www.sec.gov, and the CarnivalCorporation & plc web site located at www.carnivalcorp.com orwww.carnivalplc.com .

SOURCE Carnival plc