TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying            Carnival PLC
issuer of existing shares to which voting rights
are attached:

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights                                    X

An acquisition or disposal of qualifying financial instruments which
may result in the acquisition of shares already issued to which voting
rights are attached

An acquisition or disposal of instruments with similar economic effect
to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please
specify):

3. Full name of person(s) subject to    Thornburg Investment Management Inc.
the
notification obligation:

4. Full name of shareholder(s)                           N/A
(if different from 3.):

5. Date of the transaction and date               16 December 2013
on
which the threshold is crossed or
reached:

6. Date on which issuer notified:                  3 January 2014

7. Threshold(s) that is/are crossed            Below 9% voting rights
or
reached:

8. Notified details:

A: Voting rights attached to shares

Class/type of Situation previous  Resulting situation after the triggering
shares        to the triggering   transaction
              transaction

if possible   Number    Number    Number   Number of voting    % of voting
using         of        of        of       rights              rights
the ISIN CODE Shares    Voting    shares
                        Rights
                                  Direct   Direct   Indirect   Direct   Indirect

     ORD      Below 10% Below 10%   N/A      N/A    16,291,165   N/A     8.94%

   3121522

   (SEDOL)


B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial Expiration Exercise/          Number of voting   % of voting
instrument        date       Conversion Period  rights that may be rights
                                                acquired if the
                                                instrument is
                                                exercised/
                                                converted.

       N/A


Total (A+B)

Number of voting rights                 Percentage of voting rights

16,291,165                              8.94%


9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

Thornburg Investment Management holds these shares as discretionary Investment
Manager.


Proxy Voting:

10. Name of the proxy holder:                                  N/A

11. Number of voting rights proxy holder will                  N/A
cease
to hold:

12. Date on which proxy holder will cease to hold              N/A
voting rights:


13. Additional information:

14. Contact name:                      Arnaldo Perez

15. Contact telephone number:          1-305-599-2600