NOTIFICATION OF TRANSACTION OF DIRECTOR/PDMRS                 

    MIAMI (June 3, 2016) - Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK)
    was notified that on May 31, 2016 Michael Thamm, Chief Executive Officer of the
    Costa Group, sold 9,590 Carnival plc ordinary shares ("plc Shares"), with a
    nominal value of US$1.66 per ordinary share, on the London Stock Exchange at an
    average price of £34.33 per plc Share.  Following this transaction, Mr. Thamm
    continues to beneficially own 52,721 plc 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.