Notification of Transactions of Directors/PDMRS

NOTIFICATION OF TRANSACTION OF DIRECTOR/PDMRS MIAMI (February 2, 2015) - Carnival Corporation & plc (NYSE/LSE: CCL; NYSE:CUK) was notified on January 30, 2015 that on January 29, 2015 Michael Thamm,Chief Executive Officer of the Costa Group, exercised options to purchase 5,700ordinary shares with a nominal value of US$1.66 per ordinary share of Carnivalplc (the "Shares") at £29.90 per Share. The options were scheduled to expireon February 27, 2015. Upon exercise, Mr. Thamm sold all 5,700 Shares on theLondon Stock Exchange at a sale price of £30.35 per Share. Following thesetransactions, Mr. Thamm continues to beneficially own 55,018 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 Form 4, Statement of Changes in BeneficialOwnership of Securities, to be filed with the U.S. Securities & ExchangeCommission, can be found at the SEC web site, www.sec.gov, and the CarnivalCorporation & plc web site, www.carnivalcorp.com or www.carnivalplc.com. Forall other queries, please contact the Carnival Corporation & plc LegalDepartment at 1-305-599-2600.