Notification of Transaction of Director/PDMR

NOTIFICATION OF TRANSACTION OF DIRECTOR/PDMR MIAMI, May 29, 2014 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK)was notified on May 28, 2014 that on May 27, 2014 certain trusts organized forthe benefit of Micky Arison, Chairman of Carnival Corporation & plc's Boards ofDirectors, sold shares of Carnival Corporation common stock (the "Shares") onthe New York Stock Exchange in the following amount and at the following priceper Share: Date of Transaction Number of Shares Sold Average Price per Share May 27, 2014 36,219 $40.05154 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 104,483,072 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