Director/PDMR Shareholding

NOTIFICATION OF TRANSACTION OF DIRECTOR/PDMR                  

MIAMI (February 16, 2007) - Carnival Corporation & plc (NYSE/LSE: CCL; NYSE:
CUK) was notified that on February 15, 2007, Ambassador Richard G. Capen, Jr.,
a member of Carnival Corporation & plc's boards of directors, exercised 6,000
options to purchase Carnival Corporation common stock at US$22.57 per share and
sold 3,000 shares at a price of US$48.68. Following this transaction, Capen
continues to hold directly or indirectly 5,802 common shares and 68,000 options
to acquire shares of Carnival Corporation common stock.

This notification relates to disclosures made in accordance with Disclosure
Rule 3.1.4(R)(1)(a) and Disclosure Rule 3.1.4(R)(1)(b) disclosure made in
accordance with section 324 of the Companies Act 1985.

Further details and a copy of the Forms 4, Statement of Changes in Beneficial
Ownership of Securities, to be filed today 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.com or www.carnivalplc.com.