KRUSE STEIN

SEC source: 0001127602-20-024540 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 158,642.728

F1 · kind: Grant of retention restricted stock units ("RSUs") made pursuant to the Carnival Corporation 2020 Stock Plan. Grant of RSUs represents a hypothetical interest in Carnival Corporation common stock. The RSUs will vest every 6 months on a 25% pro-rata basis beginning in January 2021. The RSUs may only be settled in shares.

SEC source: 0001127602-20-024546 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 158,642.728

F1 · security: Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (f/k/a P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.

F2 · kind: Grant of retention restricted stock units ("RSUs") made pursuant to the Carnival Corporation 2020 Stock Plan. Grant of RSUs represents a hypothetical interest in Carnival Corporation common stock. The RSUs will vest every 6 months on a 25% pro-rata basis beginning in January 2021. The RSUs may only be settled in shares.

SEC source: 0001127602-20-013625 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 101,992.728

F1 · kind: The grant, which reflects the reporting person voluntarily deferring their salary for April to June 2020 in the form of restricted stock units ("RSUs") as described in FN2, was approved by the Compensation Committee. The number of RSUs was determined by dividing the deferred salary by the closing price of a share of Carnival Corporation common stock on April 9, 2020, then rounding down to the nearest whole share.

F2 · shares: Issued pursuant to the Carnival Corporation 2020 Stock Plan. The restriction on the RSUs lapses on February 12, 2021.

F3 · balance_after: Includes shares acquired pursuant to the purchase under, or the dividend reinvestment feature of, the Carnival Corporation Employee Stock Purchase Plan or brokerage account.

SEC source: 0001127602-20-013623 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 101,992.728

F1 · security: Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (f/k/a P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.

F2 · kind: The grant, which reflects the reporting person voluntarily deferring their salary for April to June 2020 in the form of restricted stock units ("RSUs") as described in FN3, was approved by the Compensation Committee. The number of RSUs was determined by dividing the deferred salary by the closing price of a share of Carnival Corporation common stock on April 9, 2020, then rounding down to the nearest whole share.

F3 · shares: Issued pursuant to the Carnival Corporation 2020 Stock Plan. The restriction on the RSUs lapses on February 12, 2021.

F4 · balance_after: Includes shares acquired pursuant to the purchase under, or the dividend reinvestment feature of, the Carnival Corporation Employee Stock Purchase Plan or brokerage account.

SEC source: 0001127602-20-006328 · form4.xml · nonDerivative · entry 2

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 82,104.578

F3 · kind: Represents a surrender of shares to satisfy the tax obligation on the vesting of PBS RSUs.

SEC source: 0001127602-20-006328 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 90,936.578

F1 · kind: 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.

F2 · shares: 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.

SEC source: 0001127602-20-006340 · form4.xml · nonDerivative · entry 2

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 82,104.578

F1 · security: Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (f/k/a P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.

F4 · kind: Represents a surrender of shares to satisfy the tax obligation on the vesting of PBS RSUs.

SEC source: 0001127602-20-006340 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 90,936.578

F1 · security: Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (f/k/a P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.

F2 · kind: 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.

F3 · shares: 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.

SEC source: 0001127602-20-002063 · form4.xml · nonDerivative · entry 4

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 65,830.578

F5 · shares: Represents a surrender of shares to satisfy a tax obligation on the settlement of dividend equivalents referenced in FN(3).

F6 · balance_after: Includes shares acquired pursuant to purchases made under the Carnival Corporation Employee Stock Purchase Plan (ESPP), dividend reinvestments under the ESPP or the reporting person's brokerage account and/or dividend equivalent shares associated with the release of RSU grants.

SEC source: 0001127602-20-002063 · form4.xml · nonDerivative · entry 3

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 66,992.578

F3 · kind: Grant of RSUs made pursuant to the Carnival Corporation 2011 Stock Plan. Award of RSUs represent a hypothetical interest in Carnival Corporation common stock. The RSUs will vest 50% as of January 17, 2020 due to the Reporting Person becoming eligible for retirement due to his age and 50% as of January 17, 2022. The RSUs will accumulate dividend equivalents and may only be settled in shares.

F4 · 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.

SEC source: 0001127602-20-002063 · form4.xml · nonDerivative · entry 2

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 62,455.578

F2 · shares: Represents a surrender of shares to satisfy a tax obligation on the settlement of dividend equivalents for restricted stock units ("RSUs") granted January 17, 2017.

SEC source: 0001127602-20-002066 · form4.xml · nonDerivative · entry 4

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 65,830.578

F1 · security: Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (f/k/a P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.

F6 · shares: Represents a surrender of shares to satisfy a tax obligation on the vesting of RSUs referenced in FN(4).

F7 · balance_after: Includes shares acquired pursuant to purchases made under the Carnival Corporation Employee Stock Purchase Plan (ESPP), dividend reinvestments under the ESPP or the reporting person's brokerage account and/or dividend equivalent shares associated with the release of RSU grants.

SEC source: 0001127602-20-002066 · form4.xml · nonDerivative · entry 3

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 66,992.578

F1 · security: Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (f/k/a P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.

F4 · kind: Grant of RSUs made pursuant to the Carnival Corporation 2011 Stock Plan. Award of RSUs represent a hypothetical interest in Carnival Corporation common stock. The RSUs will vest 50% as of January 17, 2020 due to the Reporting Person becoming eligible for retirement due to his age and 50% as of January 17, 2022. The RSUs will accumulate dividend equivalents and may only be settled in shares.

F5 · 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.

SEC source: 0001127602-20-002066 · form4.xml · nonDerivative · entry 2

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 62,455.578

F1 · security: Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (f/k/a P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.

F3 · shares: Represents a surrender of shares to satisfy a tax obligation on the settlement of dividend equivalents for RSUs granted January 17, 2017.

SEC source: 0001127602-20-002063 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 61,870.578

F1 · shares: Represents a surrender of shares to satisfy a tax obligation on the settlement of dividend equivalents for restricted stock units ("RSUs") granted January 16, 2018.

SEC source: 0001127602-20-002066 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 61,870.578

F1 · security: Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (f/k/a P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.

F2 · shares: Represents a surrender of shares to satisfy a tax obligation on the settlement of dividend equivalents for restricted stock units ("RSUs") granted January 16, 2018.

SEC source: 0001127602-19-007070 · form4.xml · nonDerivative · entry 2

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 60,035.45

F3 · balance_after: Includes shares acquired pursuant to the purchase under, or the dividend reinvestment feature of, the Carnival Corporation Employee Stock Purchase Plan.

SEC source: 0001127602-19-007070 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 92,198.45

F1 · kind: Vesting of performance-based restricted stock units ("PBS RSUs") granted on April 13, 2016 pursuant to the Carnival Corporation 2011 Stock Plan. Each PBS RSU represents one share of Carnival Corporation common stock.

F2 · shares: 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 2016-2018 performance cycle and return on invested capital at the end of the three year performance cycle exceed specified performance goals, as modified at the end of the three year performance cycle for Carnival Corporation & plc's total shareholder return rank relative to peers. This includes shares from the settlement of dividend equivalents accumulated during the PBS RSU restricted period.

SEC source: 0001127602-19-007077 · form4.xml · nonDerivative · entry 2

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 60,035.45

F1 · security: Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (f/k/a P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.

F4 · balance_after: Includes shares acquired pursuant to the purchase under, or the dividend reinvestment feature of, the Carnival Corporation Employee Stock Purchase Plan.

SEC source: 0001127602-19-007077 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 92,198.45

F1 · security: Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (f/k/a P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.

F2 · kind: Vesting of performance-based restricted stock units ("PBS RSUs") granted on April 13, 2016 pursuant to the Carnival Corporation 2011 Stock Plan. Each PBS RSU represents one share of Carnival Corporation common stock.

F3 · shares: 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 2016-2018 performance cycle and return on invested capital at the end of the three year performance cycle exceed specified performance goals, as modified at the end of the three year performance cycle for Carnival Corporation & plc's total shareholder return rank relative to peers. This includes shares from the settlement of dividend equivalents accumulated during the PBS RSU restricted period.

SEC source: 0001127602-19-002102 · form4.xml · nonDerivative · entry 2

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 59,088.3684

F3 · shares: Represents a surrender of shares to satisfy a tax obligation on the vesting of the MTE RSUs.

SEC source: 0001127602-19-002102 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 64,768.3684

F1 · kind: Grant of restricted stock units ("MTE 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 MTE RSUs lapse on the second anniversary of the grant date. The MTE RSUs will accumulate dividend equivalents and may only be settled in shares.

F2 · shares: The grant was approved by the Compensation Committee as a total value to be received in the form of MTE RSUs. The Compensation Committee also approved that the number of MTE RSUs were determined by dividing the value by the closing price on date of grant.

SEC source: 0001127602-19-002106 · form4.xml · nonDerivative · entry 2

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 59,088.3684

F1 · security: Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (f/k/a P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.

F4 · shares: Represents a surrender of shares to satisfy a tax obligation on the vesting of the MTE RSUs.

SEC source: 0001127602-19-002106 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 64,768.3684

F1 · security: Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (f/k/a P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.

F2 · kind: Grant of restricted stock units ("MTE 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 MTE RSUs lapse on the second anniversary of the grant date. The MTE RSUs will accumulate dividend equivalents and may only be settled in shares.

F3 · shares: The grant was approved by the Compensation Committee as a total value to be received in the form of MTE RSUs. The Compensation Committee also approved that the number of MTE RSUs were determined by dividing the value by the closing price on date of grant.

SEC source: 0001127602-19-001953 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,334.3684

F1 · kind: Represents a sale of shares to satisfy the tax obligation on the release of vested restricted stock previously reported.

F2 · balance_after: Includes shares acquired pursuant to the dividend reinvestment feature of the reporting person's brokerage account.

SEC source: 0001127602-19-001957 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,334.3684

F1 · security: Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (f/k/a P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.

F2 · kind: Represents a sale of shares to satisfy the tax obligation on the release of vested restricted stock previously reported.

F3 · balance_after: Includes shares acquired pursuant to the dividend reinvestment feature of the reporting person's brokerage account.

SEC source: 0001127602-18-032706 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 57,188.9494

F1 · shares: Represents a surrender of shares to satisfy the tax obligation on the vesting of restricted stock units released on November 8, 2018 as a result of the Reporting Person becoming eligible for retirement due to his age.

F2 · balance_after: Includes shares from a settlement of dividend equivalents accumulated during the restricted period of a restricted stock unit award which has now vested and includes shares acquired pursuant to the purchase under, or the dividend reinvestment feature of, the reporting person's brokerage account or the Carnival Corporation Employee Stock Purchase Plan.

SEC source: 0001127602-18-032708 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 57,188.9494

F1 · security: Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (f/k/a P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.

F2 · shares: Represents a surrender of shares to satisfy the tax obligation on the vesting of restricted stock units released on November 8, 2018 as a result of the Reporting Person becoming eligible for retirement due to his age.

F3 · balance_after: Includes shares from a settlement of dividend equivalents accumulated during the restricted period of a restricted stock unit award which has now vested and includes shares acquired pursuant to the purchase under, or the dividend reinvestment feature of, the reporting person's brokerage account or the Carnival Corporation Employee Stock Purchase Plan.

SEC source: 0001127602-18-006291 · form4.xml · nonDerivative · entry 2

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,443.5464

F3 · kind: Represents a sale of shares to satisfy the tax obligation on the release of vested Performance RSUs.

SEC source: 0001127602-18-006291 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 75,614.5464

F1 · kind: Vesting of performance-based restricted stock units ("Performance RSUs") granted on April 14, 2015 pursuant to the Carnival Corporation 2011 Stock Plan. Each Performance RSU represents one share of Carnival Corporation common stock.

F2 · shares: The reporting person was eligible to earn from 0-200% of the stated target amount of Performance RSUs to the extent that Carnival Corporation & plc's annual earnings before interest and taxes, as adjusted for certain fuel price changes and exchange rate impact, and return on invested capital at the end of the three year performance cycle exceed specified performance goals, as modified at the end of the three year performance cycle for Carnival Corporation & plc's total shareholder return rank relative to peers. This includes shares from the settlement of dividend equivalents accumulated during the Performance RSU restricted period.

SEC source: 0001127602-18-006298 · form4.xml · nonDerivative · entry 2

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,443.5464

F1 · security: Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (f/k/a P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.

F4 · kind: Represents a sale of shares to satisfy the tax obligation on the release of vested Performance RSUs.

SEC source: 0001127602-18-006298 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 75,614.5464

F1 · security: Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (f/k/a P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.

F2 · kind: Vesting of performance-based restricted stock units ("Performance RSUs") granted on April 14, 2015 pursuant to the Carnival Corporation 2011 Stock Plan. Each Performance RSU represents one share of Carnival Corporation common stock.

F3 · shares: The reporting person was eligible to earn from 0-200% of the stated target amount of Performance RSUs to the extent that Carnival Corporation & plc's annual earnings before interest and taxes, as adjusted for certain fuel price changes and exchange rate impact, and return on invested capital at the end of the three year performance cycle exceed specified performance goals, as modified at the end of the three year performance cycle for Carnival Corporation & plc's total shareholder return rank relative to peers. This includes shares from the settlement of dividend equivalents accumulated during the Performance RSU restricted period.

SEC source: 0001127602-18-002031 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 55,086.5464

F1 · kind: 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.

F2 · 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.

SEC source: 0001127602-18-002036 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 55,086.5464

F1 · security: Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (f/k/a P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.

F2 · kind: 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.

F3 · 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.

SEC source: 0001127602-18-001794 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 42,331.5464

F1 · price: This transaction was executed in multiple trades at prices ranging from $68.810 to $69.581. The price reported above reflects the weighted average sale price. 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 transaction was effected.

F2 · balance_after: Includes shares acquired pursuant to the purchase under, or the dividend reinvestment feature of, the Carnival Corporation Employee Stock Purchase Plan.

SEC source: 0001127602-18-001800 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 42,331.5464

F1 · security: Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (f/k/a P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.

F2 · price: This transaction was executed in multiple trades at prices ranging from $68.810 to $69.581. The price reported above reflects the weighted average sale price. 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 transaction was effected.

F3 · balance_after: Includes shares acquired pursuant to the purchase under, or the dividend reinvestment feature of, the Carnival Corporation Employee Stock Purchase Plan.

SEC source: 0001127602-17-035609 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 63,907.2644

F1 · price: This transaction was executed in multiple trades at prices ranging from $66.04 to $66.765. The price reported above reflects the average sale price. 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 transaction was effected.

F2 · balance_after: Includes shares acquired pursuant to the purchase under, or the dividend reinvestment feature of, the Carnival Corporation Employee Stock Purchase Plan.

SEC source: 0001127602-17-035605 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 63,907.2644

F1 · security: Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (f/k/a P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.

F2 · price: This transaction was executed in multiple trades at prices ranging from $66.04 to $66.765. The price reported above reflects the average sale price. 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 transaction was effected.

F3 · balance_after: Includes shares acquired pursuant to the purchase under, or the dividend reinvestment feature of, the Carnival Corporation Employee Stock Purchase Plan.

SEC source: 0001127602-17-006833 · form4.xml · nonDerivative · entry 2

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 124,178.0284

F3 · price: This transaction was executed in multiple trades. The price reported reflects the weighted average sale price. 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 transaction was effected.

SEC source: 0001127602-17-006833 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 155,336.0284

F1 · kind: Vesting of performance-based restricted stock units ("Performance RSUs") granted on April 16, 2014 pursuant to the Carnival Corporation 2011 Stock Plan. Each Performance RSU represents one share of Carnival Corporation common stock.

F2 · shares: The reporting person was eligible to earn from 0-200% of the stated target amount of Performance RSUs to the extent that Carnival Corporation & plc's annual earnings before interest and taxes, as adjusted for certain fuel price changes for each of the three fiscal years in the 2014-2016 performance cycle and return on invested capital at the end of the three year performance cycle exceed specified performance goals, as modified at the end of the three year performance cycle for Carnival Corporation & plc's total shareholder return rank relative to peers. This includes shares from the settlement of dividend equivalents accumulated during the Performance RSU restricted period.

SEC source: 0001127602-17-006839 · form4.xml · nonDerivative · entry 2

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 124,178.0284

F1 · security: Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (f/k/a P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.

F4 · price: This transaction was executed in multiple trades. The price reported reflects the average sale price. 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 transaction was effected.

SEC source: 0001127602-17-006839 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 155,336.0284

F1 · security: Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (f/k/a P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.

F2 · kind: Vesting of performance-based restricted stock units ("Performance RSUs") granted on April 16, 2014 pursuant to the Carnival Corporation 2011 Stock Plan. Each Performance RSU represents one share of Carnival Corporation common stock.

F3 · shares: The reporting person was eligible to earn from 0-200% of the stated target amount of Performance RSUs to the extent that Carnival Corporation & plc's annual earnings before interest and taxes, as adjusted for certain fuel price changes for each of the three fiscal years in the 2014-2016 performance cycle and return on invested capital at the end of the three year performance cycle exceed specified performance goals, as modified at the end of the three year performance cycle for Carnival Corporation & plc's total shareholder return rank relative to peers. This includes shares from the settlement of dividend equivalents accumulated during the Performance RSU restricted period.

SEC source: 0001127602-17-002012 · form4.xml · nonDerivative · entry 2

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 124,178.0284

F3 · price: This transaction was executed in multiple trades. The price reported reflects the weighted average sale price. 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 transaction was effected.

SEC source: 0001127602-17-002012 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 148,262.0284

F1 · kind: 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.

F2 · 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.

SEC source: 0001127602-17-002018 · form4.xml · nonDerivative · entry 2

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 124,178.0284

F1 · security: Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (f/k/a P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.

F4 · price: This transaction was executed in multiple trades. The price reported reflects the average sale price. 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 transaction was effected.

SEC source: 0001127602-17-002018 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 148,262.0284

F1 · security: Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (f/k/a P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.

F2 · kind: 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.

F3 · 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.

SEC source: 0001127602-17-000027 · form4.xml · nonDerivative · entry 2

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 134,098.0284

F3 · price: This transaction was executed in multiple trades. The price reported reflects the weighted average sale price. 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 transaction was effected.

F4 · balance_after: Includes shares acquired pursuant to the purchase under, or the dividend reinvestment feature of, the Carnival Corporation Employee Stock Purchase Plan.

SEC source: 0001127602-17-000027 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 194,762.0284

F1 · kind: Grant of performance-based restricted stock units ("Performance RSUs") granted on December 27, 2013 pursuant to the Carnival Corporation 2011 Stock Plan. Each Performance RSU represents one share of Carnival Corporation common stock. The Performance RSU's will vest 50% as of December 29, 2016 and 50% as of December 27, 2017.

F2 · shares: The reporting person was eligible to earn from 0-5 times the stated target amount of Performance RSUs to the extent that the compound annual growth rate of Carnival Corporation & plc's total shareholder return over a three year performance cycle exceeded specified performance goals.

SEC source: 0001127602-17-000031 · form4.xml · nonDerivative · entry 2

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 134,098.0284

F1 · security: Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (f/k/a P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.

F4 · price: This transaction was executed in multiple trades. The price reported reflects the average sale price. 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 transaction was effected.

F5 · balance_after: Includes shares acquired pursuant to the purchase under, or the dividend reinvestment feature of, the Carnival Corporation Employee Stock Purchase Plan.

SEC source: 0001127602-17-000031 · form4.xml · nonDerivative · entry 1

KRUSE STEIN · CIK 0001270033 · CEO, Holland America Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 194,762.0284

F1 · security: Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (f/k/a P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.

F2 · kind: Grant of performance-based restricted stock units ("Performance RSUs") granted on December 27, 2013 pursuant to the Carnival Corporation 2011 Stock Plan. Each Performance RSU represents one share of Carnival Corporation common stock. The Performance RSU's will vest 50% as of December 29, 2016 and 50% as of December 27, 2017.

F3 · shares: The reporting person was eligible to earn from 0-5 times the stated target amount of Performance RSUs to the extent that the compound annual growth rate of Carnival Corporation & plc's total shareholder return over a three year performance cycle exceeded specified performance goals.