X0303 4 2011-01-19 0000815097 CARNIVAL CORP CCL 0001243482 FRANK HOWARD S CARNIVAL CORPORATION 3655 NW 87TH AVE MIAMI FL 33178 1 1 Vice Chairman & COO Common Stock 2011-01-19 4 A 0 63069 0 A 403660.4776 D Common Stock 2011-01-19 4 F 0 20869 46.26 D 382791.4776 D Common Stock 5073 I Howard S. Frank GRAT #4 Common Stock 8954 I Howard S. Frank GRAT #5 Grant of restricted stock made pursuant to the Carnival Corporation 2002 Stock Plan and the terms of an Executive Long-Term Compensation Agreement. The restriction on the shares lapse on the third anniversary of the grant date. The grant was approved by the Compensation Committee as a total value to be received in the form of restricted shares. The Compensation Committee also approved that the number of shares was to be determined by dividing the value by the closing price on date of grant. Includes shares acquired pursuant to purchase under, or the dividend reinvestment feature of, the Carnival Corporation Employee Stock Purchase Plan. Represents a surrender of shares to satisfy the tax obligation on the vesting of the Restricted Stock Award. /s/ Howard S Frank 2011-01-21