Notification of Transaction of Director/PDMR

NOTIFICATION OF TRANSACTION OF DIRECTOR/PDMR MIAMI, May 27, 2014 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK)was notified that on May 23, 2014 certain trusts organized for the benefit ofMicky Arison, Chairman of Carnival Corporation & plc's Boards of Directors,sold shares of Carnival Corporation common stock (the "Shares") on the New YorkStock Exchange in the following amount and at the following price per Share: Date of Transaction Number of Shares Sold Price per Share May 23, 2014 3,400 $40.03 The Shares were sold pursuant to trading plans under Rule 10b5-1 that wereentered into on February 28, 2014. Following these transactions, Mr. Arison continues to have economic ownershipof 104,519,291 Shares and 120,000 options to acquire Shares. 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 applicable Forms 4, "Statement of Changes inBeneficial 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 theCarnival Corporation & plc web site, www.carnivalcorp.com orwww.carnivalplc.com.

SOURCE Carnival Plc