X0306 4 2020-02-14 0000815097 CARNIVAL CORP CCL 0001248899 PEREZ ARNALDO CARNIVAL CORPORATION 3655 NW 87TH AVE MIAMI FL 33178 1 General Counsel & Secretary Common Stock 2020-02-14 4 A 0 10460 0 A 33637.2672 D Common Stock 2020-02-14 4 F 0 4117 42.9341 D 29520.2672 D Common Stock 2020-02-18 4 F 0 1430 42.92 D 21747.2672 D Common Stock 34435 I The Arnaldo Perez Trust U/A/D 3/18/2014 Vesting of performance-based restricted stock units ("PBS RSUs") granted on April 5, 2017 pursuant to the Carnival Corporation 2011 Stock Plan. Each PBS RSU represents one share of Carnival Corporation common stock. The reporting person was eligible to earn from 0-200% of the stated target amount of PBS RSUs to the extent that Carnival Corporation & plc's annual operating income, as adjusted for certain fuel price changes and currency exchange rate impact for each of the three fiscal years in the 2017-2019 performance cycle and the average of each year's return on invested capital at the end of the three-year performance cycle exceed specified performance goals. This includes shares from the settlement of dividend equivalents accumulated during the PBS RSU restricted period. Represents a surrender of shares to satisfy the tax obligation on the vesting of PBS RSUs. Represents a surrender of shares to satisfy the tax obligation on the vesting of restricted stock units ("RSUs") released on February 18, 2020 as a result of the Reporting Person becoming eligible for retirement due to his age. This includes shares from a settlement of dividend equivalents accumulated during the restricted period of a restricted stock unit award which has now vested. /s/ Arnaldo Perez 2020-02-19