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Notification Of Transaction Of Director/PDMRs

MIAMI (October 19, 2015) – Carnival Corporation &plc (NYSE/LSE: CCL; NYSE: CUK) was notified on October 16, 2015 that on October 15, 2015 ArnoldDonald, President and Chief Executive Officer of Carnival Corporation & plcand a member of Carnival Corporation & plc’s Boards of Directors, exercised optionsto purchase 5,000 sharesof Carnival Corporation common stock, with a nominal value of US$0.01 per share(the “Shares”), at $46.61per Share. The options were scheduled toexpire on October 18, 2015. Uponexercise, Mr. Donald sold all 5,000 Shares on the New York Stock Exchange at anaverage sale price of $49.9481 per Share. Followingthese transactions, Mr. Donald continues to own, directly and indirectly, 119,878Shares.<?xml:namespace prefix="o" ns="urn:schemas-microsoft-com:office:office"?>

This notification relates to disclosures made in accordance with Rule3.1.4(R)(1)(a) of the Disclosure Rules and Transparency Rules.

Further details and a copy of the Form 4, Statement ofChanges in Beneficial Ownership of Securities, to be filed with the U.S.Securities & Exchange Commission, can be found at the SEC web site, www.sec.gov, and the Carnival Corporation &plc web site, www.carnivalcorp.comor www.carnivalplc.com. Forall other queries, please contact the Carnival Corporation & plc LegalDepartment at 1-305-599-2600.

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