Director/PDMR Shareholding

Carnival Corporation & plc
Notification of Transactions of Directors/PDMRS

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Arnold W. Donald
2	Reason for the notification
a)	Position/status	President, Chief Executive Officer & Director of Carnival Corporation & plc
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Carnival Corporation
b)	Legal Entity Identifier	F1OF2ZSX47CR0BCWA982
4	Details of the transaction
a)	Description of the financial instrument, type of instrument Identification code	Common stock with a nominal value of US$0.01 per share CUSIP: 143658300
b)	Nature of the transaction	The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on October 18, 2017.
c)	Price(s) and volume(s)	Price(s) $66.61 $66.66 $66.68 $66.69 $66.70 $66.73 $66.74 $66.75 $66.77 $66.78 $66.79 $66.80 $66.81 $66.83 $66.85 $66.86 $66.87 $66.88 $66.89 $66.94 $66.95 $67.02 $67.05 $67.07 $67.09 $67.10 $67.11 $67.15 $67.16 $67.19 $67.20 $67.21 $67.22	Volume(s) 100 100 200 100 100 100 200 100 400 100 200 200 300 100 300 100 100 200 200 100 100 100 100 200 100 100 100 200 100 100  300 100 100
d)	Aggregated information - Aggregated volume - Price	5,000 $66.9036
e)	Date of the transaction	January 2, 2018
f)	Place of the transaction	NYSE

Arnaldo Perez
General Counsel & Secretary
Carnival Corporation & plc
3655 NW 87^th Avenue
MLGL-815
Miami, FL 33178
T: 305.599.2600