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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, ChiefExecutive Officer of the Costa Group, sold 9,590 Carnival plc ordinary shares ("plcShares"), with a nominal value of US$1.66 per ordinary share, on the London Stock Exchangeat an average price of £34.33 per plc Share.Followingthis transaction, Mr. Thamm continues to beneficially own 52,721 plc Shares.

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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