Notification of Transactions of Directors/PDMRS

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 and Chief Climate Officer of Carnival Corporation & plc / Director
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	Grant of performance stock units (“PSUs”) made pursuant to the Carnival Corporation 2020 Stock Plan. Grant of PSUs represent a hypothetical interest in Carnival Corporation common stock. The reporting person will be eligible to earn from 0-150% of the target amount of PSUs to the extent that the approved performance criteria for fiscal 2024 are met or exceeded. The PSUs will vest in February 2025 provided that the performance criteria are met. The PSUs will accumulate dividend equivalents and may only be settled in shares. The grant was approved by the Compensation Committee as a total dollar value to be received in the form of PSUs. The Compensation Committee also approved that the number of PSUs were determined by dividing the value by the closing price on date of grant.
c)	Price(s) and volume(s)	Price(s) $0.00	Volume(s) 300,601
d)	Aggregated information - Aggregated volume - Price	300,601 $0.00
e)	Date of the transaction	2022-02-04
f)	Place of transaction	Off Market

Arnaldo Perez

Company Secretary

Carnival Corporation & plc

3655 NW 87^th Avenue

MLGL-815

Miami, FL 33178

T: 305.599.2600

#34030737