NOTIFICATION OF TRANSACTION OF DIRECTOR/PDMRS                 

    MIAMI (July 21, 2015) - Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK)
    was notified on July 20, 2015 that on July 17, 2015 Richard Glasier, a member
    of Carnival Corporation & plc's Boards of Directors, exercised options to
    purchase 10,000 shares of Carnival Corporation common stock, with a nominal
    value of US$0.01 per share (the "Shares"), at $46.61 per Share.  The options
    were scheduled to expire on October 18, 2015.  Upon exercise, Mr. Glasier sold
    all 10,000 Shares on the New York Stock Exchange at an average sale price of
    $52.04 per Share. Following these transactions, Mr. Glasier continues to
    beneficially own 24,686 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 Beneficial
    Ownership of Securities, to be filed with the U.S. Securities & Exchange
    Commission, can be found at the SEC web site, http://www.sec.gov/, and the
    Carnival Corporation & plc web site, http://www.carnivalcorp.com/ or http://
    www.carnivalplc.com/. For all other queries, please contact the Carnival
    Corporation & plc Legal Department at 1-305-599-2600.