Notification of Transactions of Directors/PDMRS

Carnival Corporation & plc Notification of Transactions of Directors/PDMRS MIAMI (July 18, 2013) - Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK)has announced grants of performance-based restricted stock units ("PerformanceRSUs") to certain executive directors and PDMRs. The Compensation Committees of the Boards of Directors approved the followinggrants of Performance RSUs to certain executive directors and PDMRs pursuant tothe Carnival Corporation 2011 Stock Plan (or, if applicable, the Carnival plc2005 Employee Share Plan): Executive Director Title Performance RSUs Micky Arison Chairman of the Boards of 24,145 Directors Howard S. Frank Vice Chairman of the Boards 20,121 of Directors and Chief Operating Officer David Dingle Chief Executive Officer of 4,046 Carnival UK Michael Thamm Chief Executive Officer of 12,312 Costa Crociere S.p.A The grants to Messrs. Arison and Frank were made in respect of CarnivalCorporation common stock under the Carnival Corporation 2011 Stock Plan; thegrant to Messrs. Dingle and Thamm were made in respect of Carnival plc sharesunder the Carnival plc 2005 Employee Share Plan. Each RSU represents one share of Carnival Corporation common stock or one sharein Carnival plc, as applicable. Each holder of Performance RSUs may earn from0-150% of his target amount of Performance RSUs to the extent that CarnivalCorporation & plc's annual earnings before interest and taxes ("EBIT"), asadjusted for certain fuel price changes and emission control areas related fuelexpenses, for each of the three fiscal years in the 2013-2015 performance cycleexceeds specified performance goals, as modified at the end of the three yearperformance cycle for Carnival Corporation & plc's total shareholder returnrank relative to peers. Because, as of the date of the grant, Mr. Frank was eligible for retirement dueto his age, 8,048 Performance RSU's vested on July 16, 2013. As a result, Mr.Frank surrendered 3,377 shares of Carnival Corporation in satisfaction of U.S.withholding tax obligations. 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, to be filed by Mr. Frank 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 andwww.carnivalplc.com.