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NOTIFICATION OF TRANSACTION OF DIRECTOR/PDMR

MIAMI (February 14, 2007) – Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) was notified that on February 13, 2007, Richard J. Glasier, a member of Carnival Corporation & plc's boards of directors, purchased 2,000 shares of Carnival Corporation common stock at an average price of $48.9925 (USD) per share. Following this transaction, Glasier owns directly or indirectly an aggregate of 5,000 shares of Carnival Corporation common stock.

This notification relates to disclosures made in accordance with Disclosure Rule 3.1.4(R)(1)(a).

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

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