Carnival Corporation & plc                           

                    Notification of Transactions of Directors/PDMRS                

    MIAMI (January 3, 2017) - Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK)
    was notified that on December 29, 2016 Michael Thamm, Chief Executive Officer
    of the Costa Group, acquired 117,537 performance-based restricted stock units
    ("Performance RSUs"), originally granted on December 27, 2013 pursuant to the
    Carnival plc 2005 Employee Share Plan. Each Performance RSU represents one
    share of Carnival plc ordinary shares ("plc Shares"), with a nominal value of
    US$1.66 per ordinary plc Share. The Performance RSU's will vest 50% as of
    December 29, 2016 and 50% as of December 27, 2017.

    Mr. Thamm subsequently sold 30,842 plc Shares on the London Stock Exchange at
    an average price of £41.23 per plc Share to satisfy tax obligations upon the
    vesting of the Performance RSUs. Following these transactions, Mr. Thamm
    continues to own, directly and indirectly, 139,541 plc Shares.

    1    Details of the person discharging managerial responsibilities/person     
         closely associated                                                       
                                                                                  
    a)   Name                 Michael O. Thamm                                    
                                                                                  
    2    Reason for the notification                                              
                                                                                  
    a)   Position/status      Chief Executive Officer of the Costa Group          
                                                                                  
    b)   Initial notification Initial Notification                                
         /Amendment                                                               
                                                                                  
    3    Details of the issuer, emission allowance market participant, auction    
         platform, auctioneer or auction monitor                                  
                                                                                  
    a)   Name                 Carnival plc                                        
                                                                                  
    b)   Legal Entity         N/A                                                 
         Identifier                                                               
                                                                                  
    4A   Details of the transaction: 1                                            
                                                                                  
    a)   Description of the   Ordinary shares with a nominal value of US$1.66 per 
         financial            share                                               
         instrument, type of                                                      
         instrument                                                               
         Identification code                                                      
                                                                                  
    b)   Nature of the        Acquisition of shares                               
         transaction                                                              
                                                                                  
    c)   Price(s) and volume         Price(s)                  Volume(s)          
         (s)                           $0.00                    117,537           
                                                                                  
    d)   Aggregated                                                               
         information          117,537                                             
         - Aggregated volume  $0.00                                               
         - Price                                                                  
                                                                                  
    e)   Date of the          2016-12-29                                          
         transaction                                                              
                                                                                  
    f)   Place of the         LSE                                                 
         transaction                                                              
                                                                                  
    4B   Details of the transaction: 2                                            
                                                                                  
    a)   Description of the   Ordinary shares with a nominal value of US$1.66 per 
         financial            share                                               
         instrument, type of                                                      
         instrument           ISIN: GB0031215220                                  
         Identification code                                                      
                                                                                  
    b)   Nature of the        Sale of shares to cover tax obligations             
         transaction                                                              
                                                                                  
    c)   Price(s) and volume         Price(s)                  Volume(s)          
         (s)                          £41.23                     30,842           
                                                                                  
    d)   Aggregated                                                               
         information          30,842                                              
         - Aggregated volume  £41.23                                              
         - Price                                                                  
                                                                                  
    e)   Date of the          2016-12-29                                          
         transaction                                                              
                                                                                  
    f)   Place of the         NYSE                                                
         transaction                                                              

    Arnaldo Perez

    General Counsel & Secretary

    Carnival Corporation & plc

    3655 NW 87th Avenue

    MLGL-815

    Miami, FL 33178

    T: 305.599.2600