Notification of Transaction of Director/PDMR

NOTIFICATION OF TRANSACTION OF DIRECTOR/PDMR MIAMI, March 24, 2014 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK)was notified on March 21, 2014 that on March 20, 2014 and March 21, 2014certain trusts organized for the benefit of Micky Arison, Chairman of CarnivalCorporation & plc's Boards of Directors, sold shares of Carnival Corporationcommon stock (the "Shares") on the New York Stock Exchange in the followingamounts and at the following prices per Share: Date of Transaction Number of Shares Sold Average Price per Share March 20, 2014 30,619 $40.0378 March 21, 2014 646,458 $40.1818 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 105,048,039 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