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NOTIFICATION OF TRANSACTION OF DIRECTOR/PDMR

MIAMI (April 5, 2006) – On April 4, 2006, Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) was notified that on April 4, 2006, Ms. Lovie Tan, spouse of Mr. David Dingle, Managing Director of Carnival UK & P&O Cruises, sold 400 ordinary shares of US$1.66 each in Carnival plc held in her name at a price of £28.1207 per share. Following this transaction, Mr. Dingle continues to hold directly or indirectly 123 Carnival plc ordinary shares.

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), a 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 by Mr. Dingle 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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