Director/PDMR Shareholding

DIRECTOR/PDMR SHAREHOLDING 
 
    MIAMI, Jan. 23 -- In light of the guidance issued by the FSA on January 9, 
2009 in relation to obligations to disclose security granted over shares, 
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announces that Micky 
Arison, Chairman and Chief Executive Officer, has pledged 29,200,000 shares of 
Carnival Corporation common stock beneficially owned by him through MA 1994 B 
Shares L.P. to a wholly-owned subsidiary of MA 1994 B Shares L.P., as security 
for a loan made by such subsidiary to Miami Heat Limited Partnership.  The loan 
was originally made to Miami Heat Limited Partnership by a third party and was 
secured by the pledge at that time.  The subsidiary of MA 1994 B Shares L.P. 
subsequently purchased the loan, and the shares are currently pledged to that 
subsidiary.  A trust for the benefit of Micky Arison is the general partner of 
Miami Heat Limited Partnership and a trust for the benefit of his family is a 
limited partner thereof.  The trusts are the majority owners of Miami Heat 
Limited Partnership.  In the unlikely event of the foreclosure of the pledge by 
the subsidiary of MA 1994 B Shares L.P., Micky Arison would continue to be the 
beneficial owner of the 29,200,000 pledged shares.   
 
SOURCE  Carnival plc 

    /Web site:  http://www.carnivalcorp.com  
                http://www.carnivalplc.com / 
    (CCL CUK)