CARNIVAL CORP — Director's Dealing 2010

Nov 2, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARNIVAL CORP (CCL)
CIK: 0000815097
Period of Report: 2010-10-29

Reporting Person: JAFASA CONTINUED IRREVOCABLE TRUST (See footnote 1 below)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-29	Common Stock	S	105100	$42.8754	Disposed	894900	Direct
2010-11-01	Common Stock	S	100900	$43.0870	Disposed	794000	Direct
2010-11-02	Common Stock	S	44000	$43.4344	Disposed	750000	Direct

Footnotes

F1: The reporting person may be deemed a member of a Section 13(d) group that owns more than 10% of the Common Stock of Carnival
Corporation. However, the reporting person disclaims such group membership, and this report shall not be deemed an admission
that the reporting person is a member of a Section 13(d) group that owns more than 10% of the Common Stock of Carnival
Corporation for purposes of Section 16 or for any other purpose.

F2: This transaction was executed in multiple trades at prices ranging from $42.4300 to $43.1715. The price reported above
reflects the weighted average purchase prices on the dates indicated. The reporting person hereby undertakes to provide upon
request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and
prices at which the transactions were effected.

F3: This transaction was executed in multiple trades at prices ranging from $42.4500 to $43.7100. The price reported above
reflects the weighted average purchase prices on the dates indicated. The reporting person hereby undertakes to provide upon
request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and
prices at which the transactions were effected.

F4: This transaction was executed in multiple trades at prices ranging from $43.2500 to $43.7100. The price reported above
reflects the weighted average purchase prices on the dates indicated. The reporting person hereby undertakes to provide upon
request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and
prices at which the transactions were effected.