CARNIVAL CORP — Director's Dealing 2011

Jan 19, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARNIVAL CORP (CCL)
CIK: 0000815097
Period of Report: 2011-01-14

Reporting Person: ETERNITY FOUR TRUST (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-14	Common Stock	S	97373	$48.000	Disposed	61674802	Direct
2011-01-18	Common Stock	S	28602	$48.0437	Disposed	61646200	Direct

Footnotes

F1: These shares were sold pursuant to a Rule 10b5-1(c) sales plan dated December 23, 2010.

F2: The transaction was executed in multiple trades at prices ranging from $48.00 to $48.10. 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.