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REG-Carnival PLC: 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



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