News Release

NOTIFICATION OF TRANSACTION OF DIRECTOR/PDMR

MIAMI (October 4, 2006) – On October 3, 2006, Robert H. Dickinson, President and Chief Executive Officer of Carnival Cruise Lines and a member of Carnival Corporation & plc's boards of directors notified Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) of the October 3, 2006 gift of 13,000 shares of Carnival Corporation common stock from Dickinson Enterprises Limited Partnership, through which Dickinson indirectly held the shares, to the Dickinson Foundation. Following this transfer, Dickinson continues to hold directly or indirectly 277,000 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 Form 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 sites, www.carnivalcorp.com and www.carnivalplc.com.