X0306 4 2018-01-16 0000815097 CARNIVAL CORP CCL 0001083206 DONALD ARNOLD W CARNIVAL CORPORATION 3655 N.W. 87TH AVENUE MIAMI FL 33178 1 1 President & CEO Common Stock 2018-01-16 4 A 0 31939 0 A 131289.814 D Common Stock 352585 I By The Arnold W. Donald Revocable Trust Uad 5/26/98 Grant of restricted stock units ("RSUs") made pursuant to the Carnival Corporation 2011 Stock Plan. Award of RSUs represent a hypothetical interest in Carnival Corporation common stock. The restriction on the RSUs lapse on the second anniversary of the grant date. The RSUs will accumulate dividend equivalents and may only be settled in shares. The grant was approved by the Compensation Committee as a total value to be received in the form of RSUs. The Compensation Committee also approved that the number of RSUs were determined by dividing the value by the closing price on date of grant. /s/ Arnold W. Donald 2018-01-18